Answer:
Please find the detailed answer as follows:
Explanation:
International trade provides many benefits:
1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.
2.differentiated products.
When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.
3.Specialisation in production
Countries specialise in the goods in which they have a comparative advantage.
Answer: $15,400
Explanation:
BEP = Fixed cost - depreciation/ sales - variable cost
BEP = 740,000 - (744,000/6)/($60 -$20)
BEP= $740,000-$124,000/$40
BEP = $616,000/$40
BEP =$15,400
The entry to record the receipt of payment is $2,590 in accounts receivable.
What is Trade discount?
Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.
Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.
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The panel of economists appointed by the senate finance committee estimated that the cpi <u>overestimates</u> inflation by approximately <u>1</u> percentage point(s) per year.
An economist is a professional and practitioner within the social technology subject of economics. The individual may additionally take a look at, increase, and follow theories and ideas from economics and write about economic coverage.
Economists look at the manufacturing and distribution of sources, items, and services by gathering and studying facts, gaining knowledge of trends, and comparing monetary problems.
An economist is a person who studies the reasoning behind the back of choices humans make and is interested in using the information to boost income, create better public coverage, or conduct research.
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