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3 years ago

Identify four reasons that nations trade with one

1 answer:

4 0

1. To get items they couldn't get in that country.

2. To get goods they couldn't get in that country.

3. To get different resources they couldn't get in that country.

4. To Get electronics and other technology.

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Under what circumstance might you receive a tax refund from the IRS?

Softa [21]

This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits. IRS stands of Internal Revenue Service. The circumstance in which you might receive a tax refund from the IRS if you have paid more in taxes than you owed for the year.

3 0

3 years ago

Consider the US market for chocolate, a market in which the government has imposed a price ceiling. Which of the following event

natita [175]

Answer:

D) South American cocoa bean producers refuse to ship to chocolate producers in the US.

Explanation:

A nonbinding rice ceiling means that the equilibrium price is below the price ceiling, so it will have no effect in real life. In order for the price ceiling to become binding and start to negatively affect the market, the equilibrium price must increase.

The only option that would increase the equilibrium price is option D, since the shortage of a key input will probably result in an increase in the price of the key input. If the price of a key input increases, the cost of producing chocolate will increase, resulting in a leftward shift of the supply curve.

A leftward shift of the supply curve will decrease the total quantity supplied and it will increase the price of chocolate at every level of quantity demanded. This will result in an increase in the equilibrium price which might ultimately change the price ceiling from nonbinding to binding.

6 0

3 years ago

Fair Value Journal Entries, Trading Investments Jets Bancorp Inc. purchased a portfolio of trading securities during 20Y3. The c

Inessa05 [86]

Answer:

Trading Investments Jets Bancorp Inc.

Journal Entries - Fair Value:

Dec. 31, 20Y3:

Debit Credit

Investment in Dolphins Inc. $3,200

Gain (Loss) on Investments $3,200

To record the investment's fair value and gain.

Gain (Loss) on Investments $4,200

Investment in Marino Company $4,200

To record the investment's fair value and loss.

Gain (Loss) on Investments $1,200

Investment in Namath Company $1,200

To record the investment's fair value and loss.

May 10, 20Y4:

Investment in Jets Bancorp Inc $24,000

Brokerage Commission $150

Cash Account $24,150

To record purchase of 1,000 shares at $24 per share plus commission.

Explanation:

a) Trading securities are a category of securities that include both debt securities and equity securities. An entity holds them with the intention to sell in the short-term for a profit that arises from increases in the prices of the securities.

b) Fair value is an asset's selling price, which is freely agreed upon between a willing and knowledgeable buyer and seller. But, for Debt Securities, it represents the market value of the investments at any point in time when financial statements are being prepared. Investments that are held for trading purposes are required to be accounted for, using the fair value method. This implies that the gains and losses, both realized and unrealized must be accounted for whenever financial statements are bing prepared or when the investment is disposed of.

3 0

3 years ago

Last year there were 3100000 visitors to a national park and, on average, each visitor spends 22 hours in the park on average ho

Nataly [62]

Last year, being a non-leap year, there were 365 days
So, number of hours in last year = 365 x 24 = 8760
Total number of man-hours spent in the National park = 3100000 x 22, i.e. number of visitors x hours spent by each visitor
We can find out average number of visitors in the park at any time during that hour as = (3100000 x 22)/8760 = 7785.388 visitors

8 0

3 years ago

Read 2 more answers

According to the chapter, ______ may be the single-greatest threat to successful strategy implementation.

rusak2 [61]

Answer:

The correct answer is C. Resistance to change .

Explanation:

Resistance to change means disagreement on the part of people to adopt a new strategy, policy, procedure or dynamics in their environment because they think that what they are doing so far is the best that can be done, and also that change brings a learning process that can be lengthy and can impair its functions until it is 100% appropriate.

7 0

3 years ago