Answer:
A.Economic integration
Explanation:
Economic Integration is a trade agreement that exists among countries within the same geographic location which includes reduced or removing tariffs and other trade barriers so that there will be free flow of certain goods and services coupled with other factors of production within the region. This is important because it helps to reduce the cost involved in trade and making goods and services available within member state. This agreement is also known as regional integration because it exist between nations in the same region. For example economic integration between West African States.
Answer:
the cpi has understated the cost of living because of quality improvement bias
Answer:
$19,886.396
Explanation:
Given :
Interest rate = 5.1% = 5.1
Principal = $19000
Period = 11 months = (11/12)year
The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:
PV = P(1 + r)^n
PV = 19000(1 + 0.051)^(11/12)
PV = 19000(1.051)^(11/12)
PV = 19000 * 1.0466524
PV = 19886.396
Hence, the present value is $19,886.396
Answer:
Relative Frequency = Observed value for each cell / Total frequency * 100
Cause Relative Frequency
Pilot Error 619
Other human error 85
Weather 574
Mechanical problems 566
Sabotage 524
Total 2368
The total frequency is 2368
The calculation of the relative frequency distribution is
Cause Relative Frequency Result
Pilot Error 619/2368 * 100 26.14%
Other human error 85/2368 * 100 3.59%
Weather 574/2368 * 100 24.24%
Mechanical problems 566/2368 * 100 23.90%
Sabotage 524/2368 * 100 <u>22.13%</u>
Total 100%
Conclusion: The most serious threat to aviation safety is the Pilot error as it has the highest frequency. Pilot need to be more equipped with understanding and knowledge of how to deal with unexpected event i.e. turbulence, engine failure among others..
Answer:
Correct option is (a)
Explanation:
Adjusting journal entries are passed before financial statements are prepared to so as to confirm if revenue recognition and matching principles are complied with. Adjusting entries are required to be passed if transactions is spread over multiple financial periods. For example, adjusting entry is passed if goods are received this year but payment will be made next year.
Before income statement and balance sheet is prepared, these entries are passed. Thereafter, adjusting trial balance is prepared and finally financial statements are prepared.