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3 years ago

What was the significance of NAFTA?

Business

1 answer:

Vesna [10]3 years ago

8 0

Answer:

a. It allowed freer trade opportunities for the United States, Canada, and Mexico.

Explanation:

NAFTA is North American Free Trade Agreement.

NAFTA is a trade agreement that was formed to encourage increased economic activity among the three countries in North America. The deal came into force on January 01, 1994. It involved the countries of Canada, Mexico and the United States of America.

The formation of NAFTA created the second-largest free trade area in the world in geographic coverage. Its purpose is to encourage trade corporation in the region. To achieve that, NAFTA proposed a reduction or elimination of tariffs, particularly those related to the automobile, agriculture and textile industries. The tariffs were gradually phased out between Jan 1. 1994 and Jan 1. 2008

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While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What

MrRa [10]

Answer:

increase their savings

Explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending. It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.

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3 years ago

Put the following ABC implementation steps in order: A Compute the allocation rates. B Compute the total cost of the products.

jok3333 [9.3K]

Answer:

D Select the cost allocation bases.

Explanation:

An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.

the ABC implementation step in order will be to select the cost allocation bases.

5 0

3 years ago

Read 2 more answers

Suppose a company purchased land and a building for $20,000,000 cash. The appraised value of the building was $17,000,000, and t

sladkih [1.3K]

Answer:

The amount of the purchase price will be allocated to the Land account is $6,400,000

Explanation:

For computing the purchase price of the land, first we have to compute the weightage of both the fixed assets which are shown below:

For building = Appraised value of building ÷ total value of fixed assets '

= $17,000,000 ÷ $25,000,000

= 68%

where,

Total value of fixed assets = Appraised value of the building + appraised value of the land

= $17,000,000 + $8,000,000

= $25,000,000

For land = Appraised value of land ÷ total value of fixed assets '

= $8,000,000 ÷ $25,000,000

= 32%

So, the purchase price of the land equal to

= Total purchase price of fixed assets × weightage of land

= $20,000,000 × 32%

= $6,400,000

6 0

3 years ago

Greenfield ventures, like all market entry strategies, can pose serious problems to achieving foreign market entry success. What

vagabundo [1.1K]

Answer:

Greenfield ventures, like all market strategy requires managerial experts who have a track record of bringing in new business, with a focus of growing the subsidiary firms.

Explanation:

Greenfield are a common market entry strategy used by large cooperation, where managerial talents are used in growing a new subsidiary business.

6 0

3 years ago

The Brenneman Company's direct materials budget shows total cost of direct materials purchases for January $125,000, February $1

Mrac [35]

Answer:

C) $165,000

Explanation:

To determine the total amount that Brenneman has to pay during March, we have to first calculate the percentage owed from February and March:

Total purchases during February $150,000 x 40% (percentage due in March) = $60,000

Total purchases during March $175,000 x 60% (percentage due in March) = $105,000

Total payments due in March = $60,000 + $105,000 = $165,000

8 0

3 years ago