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3 years ago

Describes the practice of products and services traded between counties around the world

1 answer:

4 0

Global Trade, or commerce, involves the transfer of the ownership of goods or services, from one person or entity to another, in exchange for money goods or services. Help to Grow the Society.

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The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent. To do this, the Fed would use_

lukranit [14]

Answer and Explanation:

The Fed would use Expansionary monetary policy

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3 years ago

Food should be stored at least which distance from the floor?

trapecia [35]

I think the correct value to fill in the blank would be 6 inches. Food should be stored at least 6 inches off the floor and 18 inches from the walls in order to decrease the possible condensation in the food that is brought by the differences in the temperature between the surface and the container of the food.

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4 years ago

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.

Alenkinab [10]

Answer: Check attachment

Explanation:

Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:

= $49700 + $34110

= $83810

Operating income was calculated as:

= Gross profit - Total expenses

= $107200 - $83810

= $23390

Check the attachment for further details.

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3 years ago

Which term can be defined as the net income that a firm reinvests in itself?

KengaRu [80]

Answer:

retention ratio

Explanation:

Retention ration is the portion of net income retained by a firm to grow its business rather than being declared and paid as dividened.

When a company makes profit at the end of financial period, the company can either retain part of its earning for business expansion, declare part as dividends paid to shareholder or combine both.

Where a firm now reinvest the portion of the profit earned in itself, it is called retention ratio.

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3 years ago

Barrington company began the year with inventory of $100,000. during the year, the company purchased inventory in the amount of

lesya [120]

The above answer can be explained as under.

The total inventory of Barrington = Beginning Inventory + Purchases

Beginning Inventory = $ 100,000, Purchases = $ 750,000

Ending inventory = $ 90,000

Inventory consumed = total inventory of Barrington - Ending inventory = $ 750,000 - $ 90,000

Inventory consumed = $ 660,000

The journal entry to record inventory consumed -

Cost of goods sold ...... Dr.... $ 660,000

Merchandise Inventory.....Cr.... $ 660,000

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4 years ago