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kkurt [141]
3 years ago
7

Can South Africa afford to have a totally free trade with the rest of the world?

Business
2 answers:
kow [346]3 years ago
4 0
No. Because if it does, our country will lose alot of money plus what if there are alot of goods.
Rom4ik [11]3 years ago
4 0
No trade will not be fee due to conflict
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Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
goldenfox [79]

Answer:

A. $287,000

B. $192,050

Explanation:

a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.

b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050

Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:

=[$287,000 - ($181,050-$86,100)]

=$287,000-$94,950

=$192,050

5 0
2 years ago
Fairweather Corporation purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking o
Kobotan [32]

Answer:

The answer is $53,699

Explanation:

Discount = 2%

Discount days = 15 days

Net days = 40 days

Gross purchase is $800,000 per year

Discount on the purchase is $16,000(2% of $800,000)

Therefore net purchase is $784,000($800,000 - $16,000).

Net per day is:

Net purchase ÷ 365 days

$784,000 ÷ 365 days

= $2,147.95

Total trade credit = Net per day x Net days

$2,147.95 x 40 days = $85,918

Free credit = Net per day ×Discount days

=$2,147.95 x 15= $32,219

Therefore, Costly trade credit = Total credit −Free credit

$85,918 - $32,219

= $53,699

9 0
3 years ago
How can i use any 5 anterprenurial qualities to make sure my business is a success?
Alekssandra [29.7K]
1. If you have an item which you want to sell, make sure that you sell it for something more that what you bought it.

2. The items you are selling, sell them for a good price. If you go too expensive, no body will buy. But if you go cheap and easy, everyone will come to you.

3. when you have successfully started getting people to constantly buy your products, make your prices go higher slowly slowly.

4. Always make sure, the products you are selling are in good quality and are not... ruined in any way.

That's all the ideas I have. Hope it helped.
5 0
3 years ago
Cleveland Company purchased $2,700 of inventory on account from Pinto Industries on March 8th. The terms were 2/15, n/45. Clevel
Gala2k [10]

Solution:

Accounts Payable          $2900

Cash                                $2691

Inventory                         $209

Cleveland didn't pay during the discount period,  

So the amount due is $2,700 - 450 = $2,250

Cash was charged in freight charges prior to delivery of the invoice.

4 0
2 years ago
You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inve
Mazyrski [523]

Answer:

Crane Company

1. Weighted average cost per unit = $25.032

2.                                       (1) LIFO         (2) FIFO          (3) Average-cost

Ending inventory                $1,580          $1,940                  $1,752

Cost of goods sold               6,180           5,820                   6,008

Sales revenue                    $9,150         $9,150                  $9,150

Gross profit                          2,970           3,330                    3,142

Gross profit rate                  32.5%          36.4%                   34.3%

Explanation:

a) Data and Calculations:

Date       Description              Units    Unit Cost or Selling Price         Total

Oct. 1      Beginning inventory  50            $22                           $1,100

Oct. 9     Purchase                   110              24                            2,640

Oct. 11    Sale                           (90)                                   $35               $3,150

Oct. 17    Purchase                   90              26                            2,340

Oct. 22  Sale                           (50)                                     40                2,000

Oct. 25  Purchase                   60              28                             1,680

Oct. 29  Sale                         (100)                                     40                4,000

Total                     310 (240) = 70                                             $7,760 $9,150

Weighted average cost per unit = $25.032

LIFO:

Ending inventory

= (50 * $22) + (20 * $24)

= $1,100 + $480

= $1,580

Cost of goods sold = $7,760 - $1,580 = $6,180

FIFO:l

Ending inventory:

= (60 * $28)  + (10 * $26)                  

= $1,680 + $260 = $1,940

Cost of goods sold = $7,760 - $1,940 = $5,820

Weighted-average costs:

Ending inventory = 70 * $25.032 = $1,752

Cost of goods sold = $7,760 = $1,752 = $6,008

6 0
2 years ago
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