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3 years ago

Explain the free trade theories

Business

1 answer:

rusak2 [61]3 years ago

5 0

Answer:

Free Trade Definition. Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. In this sense, free trade is the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition

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During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions. * Billed $496,000 in re

Vadim26 [7]

Answer:

A. $302,000

Explanation:

The computation of the net income under accrual basis accounting is shown below:

= Billed in revenues on credit - incurred expenses

= $496,000 - $194,000

= $302,000

The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it

Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.

8 0

3 years ago

Dave makes payments of 100 at the end of year 1, 300 at the end of year 3, 500 at the end of year 5 and so on until he makes his

inn [45]

Answer:

The present value for each year is calculated at 4% interest. In this question the present value be the sum of the cash deposits plus the interest for each year.

Present Value

= Sum of cash deposits for each year + Interest for each year

= 23100 + 9240

= 32340

Explanation:

To calculate the sum of the cash deposits, add the deposit for each year.

(Year 1 to Year 21 = 23100)

To calculate the interest for each year, take the cash deposit for the year and multiply it by 4%. (Year 1 to Year 21 = 9240)

Refer to the attached spreadsheet to assist with the calculations and the answer given above.

Download xlsx

3 0

3 years ago

Forty percent of a firm’s sales are collected during the first month after the sale; 35% are collected during the second month f

bekas [8.4K]

Answer:

$26,250

Explanation:

If may sales were $75,000

July collection for may sales will be?

May..... sales month

June... first month after sales

July ... second month fater sales..of which 35 % is collected

July's collection will be 35/100 x 75,000

=0.35 x$75,000

=$26,250

7 0

3 years ago

WILL MARK BRAINLIEST

borishaifa [10]

I think its Mac Miller's song about Donald Trump.

4 0

3 years ago

Read 2 more answers

Strong Look Corporation provided the following information to its accountants. The company had current assets of $145,332, net f

belka [17]

Answer:

Explanation:

Given the following :

current assets = $145,332

Net fixed assets = $356,190

Other assets = $4,176

Long-term debt = $76,445

Common stock = $200,000

Retained earnings = $134,461

Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)

Total assets = (current + net + other) assets

Total assets = $(145,332 + 356,190 + 4, 176) = $505,698

Total Stockholder's equity = ( common stocks + retained earning)

Total stockholders' equity = $200,000 + $134,461 = $334,461

Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)

Current Liabilities :

($505,698 - $76,445 - $334,461) = $94,792

6 0

3 years ago