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sweet [91]
3 years ago
9

Which course of action would the WTO take if member A tries to impose a trade barrier against member B?

Business
1 answer:
mixer [17]3 years ago
5 0

Answer:

D. The trade barrier would be considered null and void

Explanation:

World trade organization (WTO) was set up to ensure that trade among member countries goes smoothly without any impediment. The aim of WTO is to promote and control free trade among member nations.

The body is responsible for reducing duties and other trade barriers for their exports among member nations. When trade dispute arises among it's members, the body settles such dispute. With regard to te above , the trade barrier will be considered null and void because it negate the forum trade policies.

There is also trade negotiation done by the body on behalf of it's members while also monitoring compliance with trade policies.

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2 years ago
Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install
Tresset [83]

Answer:

                                        Dr.                  Cr.

Sale

Account Receivable    $300,000

Inventory                                          $210,000

Deffered Gross Profit                      $90,000

Payment Receipt

Cash                             $135,000

Account Receivable                        $135,000

Profit Recognition

Deffered Gross Profit  $40,500

Relaized Gross Profit                      $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

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3 years ago
Au Sable Corporation reported taxable income of $800,000 in 20X3 and paid federal income taxes of $272,000. Not included in the
podryga [215]

Answer:

The corporation's current earnings and profits for 20X3 would be $603,000

Explanation:

The computation of the current earnings and profits are shown below:

= Taxable income - federal income taxes - disallowed penalty + insurance proceeds

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= $603,000

The federal income tax refund would not be considered in the computation part. Hence, it is ignored.

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