Answer:
All the statements are correct.
Explanation:
A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.
B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.
C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.
Answer:
a) To verify transactions have the correct date assigned to them
c) To verify that all transactions have been recorded for the period
d) To verify that previously reconciled transactions have not been changed since the last reconciliation
Explanation:
It is very important that one reconciles their bank and credit card accounts and some of the reasons are;
To ensure that transactions occurred on the correct date. This is important because it ensures that fraud has not been committed and that transactions are being recorded accurately.
To ensure that all transactions for the period have been recorded. This is to ensure that the balance on the card is reflective of what has actually transpired in the period.
To ensure that the previously recorded transactions have not changed. This is done to ensure that you are not incurring any costs that yu may be unable to trace.
Answer:
Voidable
Explanation:
A voidable contract is a contract that can be voided by one of the parties involved. In this case Jim can request the court to void the contract because it was signed under duress.
Contracts can only be signed under a party's free will, but in this case the politician pressured Jim to sign the contract against his will.
Answer: 14.106%
Explanation:
The basic formula for calculating the Return on Equity is,
ROE = Net Income / Total Equity
How since we are missing some figures we can use the DuPont Formula for calculating the ROE that uses the components of the Net Income and Total Equity.
Using the DuPont Formula,
ROE = Net Profit margin x Asset Turnover x Assets / Equity
Plugging in the figures would be,
ROE = 0.0322 x 1.76 x (45.8/18.4)
= 0.141064
= 14.106 %
Answer:
Explanation:
a) Consumers in Portland will gain from an increase in the varieties of beer available through importing. Additionally, prices will fall due to the increased competition.
b) By selling abroad, the producers in Portland will be able to lower their average costs through increasing returns to scale. However, they will face greater competition in their local market due to new varieties available from the import of beer from Aleland. As a result of the competition from Aleland, consumer demand for their variety decreases, thus driving their prices down.