In a world that is synchronized on a global scale, trade between nations is constant. Imports cannot be reduced by 20% in order to close the trade deficit.
<h3>Why it is not possible to reduce imports?</h3>
There are certain nations that will be impacted if the United States decides to cut imports by 20%.
As a result, imports from the United States will likewise be restricted in other nations.
In other words, the United States may experience a fall in exports while attempting to reduce imports. The overall impact on trade imbalances could be minimal.
The trade conflict between the United States and China is a good illustration. China responded to the United States taxes on its imports by imposing its own levies. As a result, both countries suffered.
As a result, there is no quick fix for decreasing trade deficits. A more delicate balance between consumption and production must be achieved over time.
The manufacturing industries must have favorable policies and incentives to encourage consumer demand for locally made items.
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Answer:
D) Expected purchase price of each product.
Explanation:
According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.
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Answer:
Net Income : $16.616
Retained Earnings: $92.256
Please see details below:
Explanation:
Income Statement 2017
Sales $71.920
Advertising Expenses -$2.232
Miscellaneous Expenses -$50.096
Utilities Expenses -$2.976
Net Income $16.616
Retained Earnings Report
Opening retained earnings $ 83.080
Add: Net Income $ 16.616
Subtotal $ 99.696
Less: Dividens -$ 7.440
Total $ 92.256
Answer: a. true
Explanation:
Cash payback period shows the amount of time it will take for cash inflows from an investment to pay off the investment.
Cash payback period = Investment/ Cash inflow
= 80,000/32,000
= 2.5 years
<em>Statement is proven true. </em>
