Answer:
The correct option is $457
Explanation:
The amount of cash paid in respect of insurance for the current period can arrived at using the below proforma or format:
Insurance expense in the year $477
less insurance prepaid in the previous year ($50)
add insurance prepaid this year $30
Cash paid for insurance in the current year $457
It is important to note that the question required actual cash paid in respect of insurance in the current year,full knowing that the beginning balances in prepayment was paid for last year implies that it should be deducted and the other way round for the closing insurance prepayment this year
A common market, also known as a trade bloc, refers to a group of countries that have a common external tariff, to favor both in different areas, such as social and economic.
<h3 /><h3>Common market definition</h3>
It is necessary that some requirements are satisfied so that there is a common market between countries, which are, the elimination of tariffs on the import and export of goods and services.
There is also the free movement of goods, capital, services and labor between member countries, as well as the common adoption of trade restrictions to countries outside the group. An example of a common market is the European Union.
Therefore, the common market or trading bloc corresponds to a formal agreement between countries generating greater efficiency, economies of scale, increased innovation and the capacity for economic growth.
The correct answer is:
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Satisfaction is the accounting system linked to family loyalty and indebtedness.
<h3>What is Satisfaction?</h3>
This refers to the fulfilment needs of a person being met as a result of an action or a consequence.
With this in mind, we can note that satisfaction is the accounting system linked to family loyalty and indebtedness as this controls the interactions and patterns that operate in a family over time and that are linked to expectations.
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Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.
An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.
The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.
Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.
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~Hello There!~
The fair trade logo means that the cost of the product provides a fair living wage for the workers that produced/created the items.
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