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OLEGan [10]
4 years ago
6

Alana lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produc

e and sell to another country. What type of situation does this describe?
Business
1 answer:
Elis [28]4 years ago
5 0

Answer:

Free-market

Explanation:

As Alana can import without paying quotas to the government the economy i nthis country is of free-market. The government doesn't try to restrict their citizens from the goods and services offered fro manother countries.

Same is true for the sale of national product to abroa,there is no qupta, tariff or additional cost involved in trade thant those generated from the transactions. It is tax-free to import and export

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Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate on the date of issuance wa
Daniel [21]

Answer:

Date                     Account Title                                       Debit              Credit

XX-XX-XXXX       Interest expense                               $13,800

                            Discount on bond payable                                        $1,300

                            Cash                                                                           $12,500

Working      

The bonds were issued at a price of 92 which means they were issued at:

= 500,000 * 96/100

= $460,000

Interest expense

= Issue price * interest rate * 6/12 months

= 460,000 * 6% * 6/12

= $13,800

Cash:

= Bond price * coupon rate * 6/12

= 500,000 * 5% * 6/12

= $12,500

5 0
3 years ago
Dependable Motors just purchased some MACRS 5-year property at a cost of $216,000. The MACRS rates are .2, .32, and .192 for yea
yuradex [85]

Answer:

The correct answer is option B.

Explanation:

The Cost of Property is given at $ 216,000 .

The MACRS rates are 0.2, 0.32 and 0.192 for years 1 to 3 respectively.

Depreciation for the year 1 will be

= $216,000*0.2

= $43,200

Depreciation for the year 2 will be

=$216,000*0.32

=$69,120

Total Depreciation for the year 1 and 2 will be

=$43,200+$69,120

=$112,320

The book value of this equipment at the end of year 2

=$216,000-$112,320

=$103,680

On checking the above value with Answer B that is

=$216,000*(1-0.2-0.32)

=$216,000*0.48

=$103,680

7 0
3 years ago
You have an option to attend a Taylor Swift concert or Maroon 5 concert. They are at the same time. You are a huge Taylor Swift
Mashutka [201]

The opportunity cost of a decision refers to the benefits that a person misses out on when choosing a particular alternative over another one. Knowing the opportunity cost of your choices is likely to help you make better decisions in an informed way.

In this example, if you were to choose the Maroon 5 concert, the benefit that you would miss out on would be the chance to attend a Taylor Swift concert. This is a real possibility as the tickets are under budget. The consequence would be very significant as you are a huge Taylor Swift fan.

4 0
4 years ago
Read 2 more answers
Bob's Clothing Shop's inventory at cost was $30,000 on January 1. Its retail value is $42,000. During the year, Bob's Clothing S
DENIUS [597]

Answer:

Ending Inventory = $55,000

Explanation:

<u>Particular                                     Cost price        Retail price </u>

Opening Inventory                       $30,000       $42,000

<u>Add: Additional Purchases               $196,000       $368,000 </u>

<u>Cost of Goods Available for Sale     $226,000       $410,000 </u>

Cost to Retail Ratio: 55 %  

Less: Net Sales                                                $310,000

Ending Inventory                                $55,000       $100,000

Note:

Cost to Retail Ratio = $226,000 / $410,000

Cost to Retail Ratio = 55% (Approx)

6 0
3 years ago
Why are medical related professions and human resources important​
strojnjashka [21]

Answer:

They Both deal with the Wellbeing of the Human Talent

Explanation:

While the medical profession deals with physical, and psychotherapy treatment of the human being and  the Human Resources function deals with the employee welfare at work place such as work conditions, training, harassments at work place, both these professions try to improve the wellbeing of the Human Talent.

6 0
3 years ago
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