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3 years ago

An excess of merchandise exports over merchandise imports results in a balance of trade deficit. True False

Business

1 answer:

REY [17]3 years ago

5 0

Answer:

False

Explanation:

As we know that

Net exports = Exports - imports

If the exports are higher than the imports than it would be surplus and on the other hand if exports are lower than the imports than it would be deficit

In the given scenario, since the merchandise exports have a higher value than the merchandise imports that reflects the trade surplus, not the trade deficit.

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5. Michael told Greg to sell his collection of vintage heavy metal band t-shirts. He

kiruha [24]

Answer:

The correct answer is Greg. He is the agent.

Explanation:

First of all, the term <em>agent</em>, in business, is understand as the individual that currently <em>manages another person's business affairs</em> and that commonly spend much of his time negotiating contracts for his clients.

Secondly, according to the definition of agent, it is understandable that in this case the agent is Greg due to the fact that he is the one that has to sell the collection, under Michael's orders.

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3 years ago

Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:

wariber [46]

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product Cost Sales Price NRV LCNRV

A $40 $60 $44 ($60 - 12 - 4) $40

B 80 100 $72 ($100 - 20 - 8) $72

C 40 80 $60 ($80 - 16 - 4) $40

D 100 130 $84 ($130 - 26 - 10) $84

E 20 30 $22 ($30 - 6 - 2) $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product Cost Sales Price NRV LCNRV Inventory value

A $40 $60 $44 ($60 - 12 - 4) $40 $40,000

B 80 100 $72 ($100 - 20 - 8) $72 $72,000

C 40 80 $60 ($80 - 16 - 4) $40 $40,000

D 100 130 $84 ($130 - 26 - 10) $84 $84,000

E 20 30 $22 ($30 - 6 - 2) $20 $20,000

Total inventory value $256 $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

5 0

2 years ago

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?

ella [17]

The gross profit is more inportant than the net profit

7 0

3 years ago

Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-t

marusya05 [52]

Answer:

a. Dividend

b. $500,000

Explanation:

a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount

b. The reduced amount would be lower of the distributed amount or 50% of Total E&P

Distributed amount is $500,000

And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000

So, the lesser amount is $500,000 which is reduced its total E&P

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3 years ago

One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to

maria [59]

Answer: d. the costs of attracting new customers are rising.

Explanation:

Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.

Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.

8 0

2 years ago