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3 years ago

Which of the following is true with regard to nafta?

Business

1 answer:

Dmitriy789 [7]3 years ago

6 0

Answer: The correct answer is choice b.

Explanation: NAFTA is the trade agreement between Mexico, United States and Canada with the purpose to expand trade between the three countries. Its secondary purpose was to make these countries more competitive in the global marketplace. The agreement has been successful in achieving both goals and NAFTA is now the largest free trade agreement in the world.

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Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1

ivanzaharov [21]

Answer:

A) The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 612,000

Cr Bonds payable 600,000

Cr premium on bonds payable 12,000

B) The payment of interest and the related amortization on July 1, 2017.

July 1, 2017, first coupon is paid

Dr Interest expense 29,700

Dr Premium on bonds payable 300

Cr Cash 30,000

C) The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest payable

Dr Interest expense 29,700

Cr interest payable 29,700

Explanation:

$600,000 of 10%, 20-year bonds at 102, interest is paid semiannually ($600,000 x 10% x 1/2 = $30,000)

straight line amortization method is used to amortize bond premium

bond premium = $12,000 / 40 coupons = $300 amortized with each coupon payment

7 0

3 years ago

Under ideal conditions inflation should not have any blurring effect on price signals. If wages and prices are rising at a const

fgiga [73]

Answer:

1. Adjustments of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

Explanation:

Inflation can be described as a sustained increase in the general price level of commodities within a country over a period of time.

The following are the reasons inflation in the real world result in shortages and surpluses:

1. Adjustmensts of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

5 0

4 years ago

Monica has been audited by the IRS. She is required to report to an IRS office to clarify items from her tax return. Which type

Arlecino [84]

Answer:

why did you delete my question?

6 0

3 years ago

Read 2 more answers

In a simple economy with only businesses and households, suppose that the sum total of all the goods and services produced duri

taurus [48]

Answer:

$45 trillion.

<u><em>Explain:</em></u>

The balance between total revenue and the dollar amount of total output arises from the role performed by profit. Profit works as a leftover from cumulative business acquisitions after all other expenses such as long dash wages or dash labor, rents, interests have to be paid. If the dollar value of total output is $500, and the total expenses for producing the output is $450, there is an economic profit of $50. Hence, total income must meet the value of the total output. Therefore, I can say that if one group of people spend, another combination of individuals will realize a profit.

Explanation:

7 0

3 years ago

Read 2 more answers

A company's horizontal scope refers to Multiple choice question. the extent to which the company participates in the various act

Gekata [30.6K]

Answer:

the various product and services that it offers.

Explanation:

Horizontal scope or integration can be regarded as process that involves increasing of production of goods or services , and this increase reflect at the same part of all supply chain

by a company . This can be done by

a company merger, internal expansion or acquisition. This process can result into if vast majority of the market for that particular product/ service is been captured by the company.

It should be noted company's horizontal scope refers to the various product and services that it offers.

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3 years ago