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diamong [38]
3 years ago
10

Of the following statements about trade, which is NOT true? Trade generates jobs in both export and import sectors of an economy

. The gains from open trade are always greater than the losses. Open trade and investment does create winners and losers. Trade does not influence culture. Trade is the two-way flow of exports and imports of
Business
1 answer:
Over [174]3 years ago
5 0

Answer:

Trade does not influence culture.

Explanation:

The gains from international trade are the result of countries' specialization in the production of those goods that they have productive efficiency. Countries export these goods and import those goods whose domestic production would not be efficient compared to other countries.

With the advent of globalization, trade between countries has increased considerably. Through international trade, new goods and services are introduced into countries, including affecting leisure, culture and behavior. Thus, it is not correct to say that international trade does not influence the culture of the countries. On the contrary, international trade encourages cultural plurality.

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Tyler Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January
Rainbow [258]

Answer:

Tyler Financial Services

1. Journal Entries:

January 1, 2014:

Debit Cash $10,500

Unearned Service Revenue $10,500

To record cash collected for unearned services.

December 31, 2014:

Debit Unearned Service Revenue $10,500

Credit Service Revenue $10,500

To record the earned service revenue for the year.

January 1, 2015:

Debit Cash $10,500

Unearned Service Revenue $10,500

To record cash collected for unearned services.

December 31, 2015:

Debit Unearned Service Revenue $10,500

Credit Service Revenue $10,500

To record the earned service revenue for the year.

2. Journal Entries:

January 1, 2016:

Debit Cash $30,400

Unearned Service Revenue $30,400

To record cash collected for unearned services.

December 31, 2016:

Debit Unearned Service Revenue $9,800

Credit Service Revenue $9,800

To record the earned service revenue for the year.

Explanation:

a) Data and Calculations:

Annual contract fee = $10,500 in 2014 and 2015

Modified contract fee =  $9,800 in 2016

Additional fee from year 3 = $20,600 for 3 more years ($6,867 each year) from 2017 to 2019

b) Cash received ($30,400) on January 1, 2016 includes the $9,800 for 2016 and the $20,600 for the years 2017 to 2019.

8 0
2 years ago
Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
arsen [322]

Answer:

use prezi

Explanation:

8 0
3 years ago
Premier Sports Inc has a beginning PBO balance of​ $628,000 and a beginning market-related value of plan assets of​ $560,000. Th
eimsori [14]

Answer:

Correct answer is D.

$4375

Explanation:

Amortization of actuarial gain or losses = Net actuarial gain/remaining service life

= 87500/20

Amortization of actuarial gain = $4375

6 0
3 years ago
Sales revenue$ 4,000Purchases of direct materials$ 400Direct labor$ 450Manufacturing overhead$ 620Operating expenses$ 650Beginni
dlinn [17]

Answer:

The correct answer is D: $1900

Explanation:

Giving the following information:

Sales revenue$ 4,000

Purchases of direct materials$ 400

Direct labor$ 450

Manufacturing overhead $ 620

Operating expenses$ 650

Beginning raw materials inventory$ 200

Ending raw materials inventory$ 180

Beginning work in process inventory$ 320

Ending work in process inventory$ 410

Beginning finished goods inventory$ 250

Ending finished goods inventory$ 200

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning work in process + direct materials + direct labor + manufacturing overhead - ending work in process

Direct materials= beginning inventory + purchase - ending inventory= 200 + 400 - 180= 420

cost of goods manufactured= 320 + 420 + 450 + 620 - 410= $1400

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished goods

COGS= 250 + 1400 - 200= 1450

Operating income= sales  - COGS - operating expenses

Operating income= 4000 - 1450 - 650= $1900

3 0
3 years ago
Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales
Jlenok [28]

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

6 0
3 years ago
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