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Amanda [17]
3 years ago
14

Which option best explains why countries trade with each other?

Business
2 answers:
MaRussiya [10]3 years ago
7 0

D. to obtain goods they cannot produce efficiently is the only option that makes sense in the context of the question.

melisa1 [442]3 years ago
4 0

Answer:

The correct answer would be D, to obtain goods they cannot produce efficiently.

Explanation:

Export is the sending of goods to another country to sell them. Import is the receiving of goods in your country after purchasing them. Imports and exports are the concepts that are very common between the countries. These are the basically the trades that take place between countries. In the given question, the best sentence that describe the concept of why countries trade with each other is option D, i-e, countries trade with each other in order to obtain the goods that they are unable to produce efficiently in their own country. There are many reasons why a country is unable to produce some products efficiently. In short, when a country is unable to produce a certain good for its people, the government import that product from other countries for its people.

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At the end of the current year, Accounts Receivable has a balance of $675,000; Allowance for Doubtful Accounts has a debit balan
Bad White [126]

Answer and Explanation:

The computation is shown below:

a.

The amount of the adjusting entry for bad debt expense should be

= $45,000 + $5,400

= $50,400

The journal entry should be  

Bad Debt Expense Dr. 50,400

    To Allowance for Doubtful Accounts Cr. 50,400

(Being the bad debt expense is recorded)

b.    

Accounts Receivable 675,000

Allowance for Doubtful Accounts 45,000

Bad Debt Expense 50,400

c.    

Accounts Receivable 675,000

Less: Allowance for Doubtful Accounts  (45,000)

Net realizable value of accounts receivable 630,000

4 0
3 years ago
Required information
ArbitrLikvidat [17]

Answer:

book value = $13,200 (purchase price) + $4,200 (paint) + $2,300 (accessories) = $19,700

useful life 5 years, salvage value $5,100

assuming the company uses straight line depreciation:

depreciation per year = ($19,700 - $5,100) / 5 years = $2,920 per year

the journal entries to record the purchase of the vehicle and the improvements are:

July 1, 2022, vehicle is purchased

Dr Suburban SUV 13,200

    Cr Cash 13,200

July 1, 2022, vehicle's paint and accessories

Dr Suburban SUV 6,500

    Cr Cash 6,500

the journal entry to record depreciation expense ($2,920 x 6 months)

December 31, 2022, depreciation expense

Dr Depreciation expense 1,460

    Cr Accumulated depreciation - Suburban SUV 1,460

the journal entry to record insurance expense ($2,100 x 6 months)

December 31, 2022, insurance expense

Dr Insurance expense 1,050

    Cr Prepaid insurance 1,050

5 0
3 years ago
Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021,
Butoxors [25]

Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

= ($473,000 - $503,000) ÷ ($503,000)

= -5.96% decrease

b .For 2021 to 2022

= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)

= ($521,000 - $473,000) ÷ ($473,000)

= 10.15% increase

In this way it is calculated

6 0
3 years ago
Someone please help me out here
trapecia [35]

Answer:

Pretty sure that's false

6 0
3 years ago
When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?
Free_Kalibri [48]

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

3 0
3 years ago
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