Answer:
B) quota
Explanation:
A quota is a trade constraint imposed by government, which confines a nation's import or export within a certain period, or the amount or monetary value of the products. Nations use quotas to control trading volumes between them and the other nations in global trade. A tariff would put taxation on the Chinese's exports and it doesn't favour them.
Answer:
Current ratio is 2.5:1
Quick ratio 1.9:1
Explanation:
Current ratio =current assets/current laibilities:1
current assets =cash+marketable securities+accounts receivables+inventory
current assets=$225000+$115,000+$112000+$158,000
current assets =$610,000
current liabilities=accounts payable=$244,000
Current ratio=610000/244000
current ratio=2.5
:1
quick ratio =(current assets-inventory)/current liabilities:1
quick ratio=(610000-158000)/244000
=1.9:1
The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business
Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash
Answer:
The share of bill net income is $24,857
Explanation:
The computation of the share of bill net income is shown below:
Given that
Profit sharing ratio of Bill and BOb is 6 : 1
And, the net income of the firm is $29,000
So, the share of bill net income is
= Net income × bill share
= $29,000 × 6 ÷ 7
= $24,857
Hence, the share of bill net income is $24,857
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
- Sole proprietorship. A sole proprietorship is the most common type of business structure.
- Limited liability company.
Learn more about Business here:
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Answer:
If the couple spends $3,000 each year, at the end of 25 years they would be indebted by $254,103
If the couple invests $3,000 each year, at the end of 25 years they would be indebted by $254,103
The difference = $443,850
Explanation:
We would calculate the future values of the ordinary annuities using the following formula
FV = A ![[\frac{(1+r)^{N} -1}{r} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B%281%2Br%29%5E%7BN%7D%20-1%7D%7Br%7D%20%5D)
Scenario 1 : The couple spends $3,000 each year
A = -3,000
N = 25
r = 9%
FV = -3000 ![[\frac{(1+0.09)^{25} -1}{0.09} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B%281%2B0.09%29%5E%7B25%7D%20-1%7D%7B0.09%7D%20%5D)
= -$254,103
Scenario 2 : The couple invests $3,000 each year
A = 3,000
N = 25
r = 7
FV = 3000 ![[\frac{(1+0.07)^{25} -1}{0.07} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B%281%2B0.07%29%5E%7B25%7D%20-1%7D%7B0.07%7D%20%5D)
= $189,747
The difference between a couple going into debt if they spend vs. if they invest = $189,747 - (-$254,103) = $443,850
