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Harman [31]
3 years ago
9

How does voluntary exchange promote economic progress? Explain three separate reasons.

Business
1 answer:
o-na [289]3 years ago
8 0

Answer:

There are three major reasons why trade is productive—why it increases the wealth of people. First, trade channels goods and services to those who value them most. ... Second, exchange permits trading partners to gain from specializing in the production of those things they do best.

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Medium:
Sever21 [200]

Answer: 335000

Explanation:

The company's cost of goods available for sale will be calculated as the addition of the begining inventory, the net purchases and the freight. This will be:

= Beginning inventory + Purchases + Freight

= 250000 + 70000 + 15000

= 335000

4 0
2 years ago
Teresa wants to take her firm internationally but is concerned with the ________, which refers to the possibility of higher cost
Kaylis [27]

Answer:

Liabilities of foreignness is the correct answer.

Explanation:

5 0
2 years ago
Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
Fed [463]

Answer:

C. The government-wide Statement of Net Position and the proprietary funds Statement of Net Position

Explanation:

CAFR ( Comprehensive Annual Financial reporting ) is provides accurate, summarised, and meaningful information. There are three sections of this reporting as below.

  1. Introduction
  2. Financial
  3. Statistical

In government-wide statement, The capital is reported on the net basis on financial statements.

6 0
3 years ago
Cost of Preferred Stock Torch Industries can issue perpetual preferred stock at a price of $57.00 a share. The stock would pay a
labwork [276]

Answer:

the company’s cost of preferred stock is 10.53%.

Explanation:

given information:

perpetual preferred stock = $57.00

a constant annual dividend = $6.00

to determine the company’s cost of preferred stock we can use the following formula

cost of preferred stock = \frac{ annual dividend}{preferred stock}

                                   = \frac{6.00}{57.00}

                                   =10.53%

therefore, the company’s cost of preferred stock is 10.53%.

8 0
3 years ago
After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu
Wittaler [7]

Answer: Accounting profit= $44,500

Economic Profit = $4,150

Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.

Accounting profit = Revenue - Explicit cost

<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by

Economic profit = Revenue - Explicit cost - Implicit Cost

In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.

While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.

3 0
3 years ago
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