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Taya2010 [7]
3 years ago
11

If the world price of a given product increases relative to its domestic price, then for that product:

Business
1 answer:
BartSMP [9]3 years ago
8 0

If the world price increases relative to domestic prices, there will be fewer imports and increased exports of the given product because it would be cheaper to buy the domestic version and companies would make more selling the product on the international market.

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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year
nekit [7.7K]

Answer:

Profit margin = 9.74%

Explanation:

We know,

Profit Margin = (Net income after tax/Net sales) x 100

Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.

Given,

Year 2,

Net Sales = $484,000

Net income after tax = $47,150

Therefore,

Profit Margin = \frac{47,150}{484,000}

Profit Margin = 9.74%

Hence, company is performing financially well.

4 0
2 years ago
In a finance lease:
Maslowich

Answer:

A) the lessee records an asset and a liability for the present value of lease payments.

Explanation:

In a finance lease, the lessee business must estimate the present value of its obligations under the lease contract (using the lease's interest rate as the discount rate) and record it in the balance sheet as:

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2 years ago
You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data
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3 years ago
Pioneer has developed a new consumer electronics item-a heterogeneous shopping product with unique patented features. it probabl
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3 years ago
On November 1, 20X1, Starbucks paid the rent of $90,000 for 40 of its stores in Colorado and Nebraska. The rent covers the perio
vazorg [7]

Answer:

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Cr        Bank account             $90,000

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The relevant entry would be:

Dr Rental Expenses $36,000

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2 years ago
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