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2 years ago

What factors contribute to commerce

1 answer:

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Different factors contribute to commerce including the export and import of a country, their ease of doing business and their own situation in the market.

Explanation:

The factors that affect commerce are the ones that dictate the face of a given market. if the market is considered easy to trade in then the commerce is supposed to be easy and smooth flowing

This is hampered by laws and the import and export tariffs of a country. The more inviting these are the more commerce happens in a place.

It also depends on how many businesses are able to function in the setup and the more businesses there are the more commerce happens in the end.

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A person can file for trademark protection even if he or she has not yet used the trademark.

vova2212 [387]

The answer is true :)

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2 years ago

Read 2 more answers

McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t

miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.

therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is thus = $257,000 since no dividends were paid.

6 0

3 years ago

What are some of the major complexities encountered in developing cooperative strategies such as strategic alliances and joint v

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Strategic alliances are generally meant to increase the business strength. Most of the cooperative strategies aim at drawing upon the individual strengths of partners to be more competitive as a single unified unit.

There are a lot of challenges in getting cooperative strategies to work as envisaged during the planning phases. When corporate companies seek cooperation strategies, the hindsight which comes is that most of them compete against each other).

Hence, it is natural that such companies will seek to fulfill their interests first before considering the interests of their partnerships. Then, some companies seek cooperative partnerships with partners who are already having other collaborators.

It also follows that such cooperation lacks commitment. There is also a lack of detailing the operational structure by which operational strategy will be a great success.

To know more about Strategic alliance here:

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5 0

2 years ago

During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wag

hjlf

Answer:

GROSS MARGIN = 33.33%

Explanation:

PRODUCTION COST COMPONENTS

Direct materials 14,000
Direct work 19,000
Lease and utilities 17,000

TOTAL PRODUCTION COST = 50,000

TOTAL UNITS PRODUCED = 5,000

UNIT COST= (Total Production Cost / Total Units Produced) = 50,000 / 5,000 = 10

FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 5,000 – 3,000 = 2,000

FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,000 * 10 = 20,000

SALES REVENUE= (Sold Units * Sale Price) = (3,000 * 15) = 45,000

COST OF SOLD GOODS (a) = (Sold Units * Unit Cost) = 3,000 * 10 = 30,000

COST OF SOLD GOODS (b) = (Beginning Balance + Production cost – Final Balance) = 0 + 50,000 – 20,000 = 30,000

GROSS MARGIN = ((Sales Revenue – Cost of sold Goods) / Sales Revenues) * 100 = ((45,000 – 30,000) / 45,000) * 100 = 33.33%

COST OF SOLD GOODS (a) Calculated according to the inventory unit cost

COST OF SOLD GOODS (b) Calculated as the difference in inventory

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3 years ago

Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese go

Luden [163]

Answer:

The correct answer is bureaucratic.

Explanation:

Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, work specialization, hierarchy and impersonal relationships. The term is used in sociology, in administrative science and, especially, in public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know it and call it in a standardized or uniform way. A clear example of this characteristic of bureaucracies, particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.

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3 years ago