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3 years ago

In which three areas did NAFTA reduce or eliminate tariffs?

Business

2 answers:

hichkok12 [17]3 years ago

8 0

Answer:

NAFTA reduced tariffs on agriculture, textiles, and automobiles.

Explanation:

PLATO ANSWERS!

babunello [35]3 years ago

3 0

Answer: On agriculture, textiles, and automobiles.

Explanation:

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Powell Company had the following errors over the last two years: 2019: Ending inventory was overstated by $58,500 while deprecia

erastovalidia [21]

Answer:

-$27,800

Explanation:

When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated . When an expense is overstated, the net income is understated and so is the retained earnings.

The net overstatement of inventory across the two periods

= $58,500 - $10,500

= $48,000

The net overstatement of depreciation across the two periods

= $24,800 - $4,600

= $20,200

Adjustments to retained earnings

= - $48,000 + $20,200

= -$27,800

7 0

3 years ago

Factory Overhead Costs During August, Jernigan Company incurred factory overhead costs as follows: indirect materials, $3,040; i

liq [111]

Answer:

Dr Factory Overhead 15,030

Cr Materials 3,040

Cr Wages Payable 5,340

Cr Utilities Payable 1,490

Cr Accumulated Depreciation—Factory 5,160

Explanation:

Preparation of Journal entry to record the factory overhead incurred during August.

Dr Factory Overhead 15,030

(3,040+5,340+1,490+5,160)

Cr Materials 3,040

Cr Wages Payable 5,340

Cr Utilities Payable 1,490

Cr Accumulated Depreciation—Factory 5,160

3 0

3 years ago

Neighbors have gotten into a quarrel over a big black walnut tree that sits on mr. jones' property. the tree's limbs extend over

irakobra [83]

Mr. Simpson has the rights to remove the limb from his property because although the tree is residing in Mr. Jones' property, it does not mean that Mr. Simpson has no rights when the limbs of the tree has occupied his lot. He has the right to do so because the limbs are in his lot, which means he could also has the right to do what he wants with it. If the limbs of the tree was not on his property, then it is only right that he does not meddle with the tree or remove it.

7 0

3 years ago

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Jarden prepares a sche

Anton [14]

Answer:

Jarden Co.

a. The required balance of the Allowance for Doubtful Accounts at December 31, using an aging of accounts receivable is:

= $44,598.

b. Adjusting Journal Entry:

Debit Bad Debts Expense $28,098

Credit Allowance for Doubtful Accounts $28,098

To record the bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $44,598.

Explanation:

a) Data and Calculations:

Allowance for Doubtful Accounts, credit balance = $16,500

Accounts Age of Accounts Expected Uncollectible

Receivable Receivable Uncollectible Allowance

Percent

$880,000 Not yet due 1.30% $11,440 ($880,000*1.30%)

352,000 1 to 30 days past due 2.05 7,216 ($352,000*2.05%)

70,400 31 to 60 days past due 6.55 4,611 ($70,400*6.55%)

35,200 61 to 90 days past due 33.00 11,616 ($35,200*33.00%)

14,080 Over 90 days past due 69.00 9,715 ($14,080*69%)

$1,351,680 $44,598

Adjustment:

Ending balance $44,598

Beginning balance $16,500

Bad Debts Expense $28,098

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3 years ago

Identity thieves can use your personal information to:

BlackZzzverrR [31]

Hack your personal accounts

5 0

3 years ago