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3 years ago

Free trade _______.

Business

2 answers:

just olya [345]3 years ago

6 0

Answer:

The correct answer is letter "C": refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from other countries.

Explanation:

Free trade is an agreement between countries to tear down the barriers that impede the free flow of products and services among their territories. This pact implies reducing or eliminating tariffs and quotas between those countries to facilitate trade.

An example of a free trade zone is the North American Free Trade Agreement (NAFTA) signed by Mexico, the U.S., and Canada by which those countries organize their efforts to create a zero-tariff trading block setting standards for the operations of their companies and allowing products manufactured by the three countries to be inexpensive among those territories.

Radda [10]3 years ago

4 0

Answer:

The correct answer is C. refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from other countries .

Explanation:

Free trade is a characteristic of a market through which some "freedoms" are granted in order to encourage the transit of products and services in order to offer it to a greater number of people. Governments establish a series of rules to achieve fair competition within a specific market, always seeking to protect the national industry from abroad. These treaties allow a greater movement of merchandise flows and encourages trade at the local, national and international levels.

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Data concerning Follick Corporation's single product appear below: Selling price per unit $ 270.00 Variable expense per unit $ 7

kumpel [21]

Answer:

Break-even point (dollars)= $219,000

Explanation:

Giving the following information:

Selling price per unit $270

Variable expense per unit $78.30

Fixed expense per month $ 155,490

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]

Break-even point (dollars)= $219,000

8 0

3 years ago

A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur

nata0808 [166]

Answer:

$200 (a deduction)

Explanation:

The accounting standard for inventories IAS 2 requires that inventory be carried at the lower of cost or net realizable value. Inventory will initially be recognized at the cost ( which includes the cost of the item and other associated cost such as freight ). However, its carrying amount must be reviewed to ensure it is not higher than the realizable value.

Given that the selling price is now $15 which is lower than the cost of $16, it means that the amount that can be realized from the sale of a unit is $15.

= $16 - $15

= $1

As such, an adjustment in form of a reduction of the carrying amount of $1 per unit is required. The amount of the lower cost of market adjustment the company must make as a result of this decline in value

= $1 × 200 units

= $200 (a deduction)

8 0

2 years ago

you invest $1300 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and

miskamm [114]

Answer:

1. For the amount to double: 9.37 years

2. For the amount to triple: 14.85 years

Explanation:

The equation for continuosly compounded interest is:

$F=P\times e^{rt}$

Where:

P is the amount that you invest today: $1,300
F is the value after t years: the double or triple of $1,300
r is the annual interest rate: 0.074

1. For the amount to double:

Substitute the values and solve for t:

$2\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 2\\ \\ t=\ln 2/0.074=9.37years$

2. For the amount to triple:

$3\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 3\\ \\ t=\ln 3/0.074=14.85years$

4 0

3 years ago

Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Account

Minchanka [31]

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Bad debt expense account 0

7 0

2 years ago

Which two advantages do renters have that home buyers don’t have?

bazaltina [42]

C) Renters don’t have to pay for major repairs to the property.

7 0

3 years ago

Read 2 more answers