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3 years ago

What will be its effect on trade if business gets expands

Business

1 answer:

MatroZZZ [7]3 years ago

5 0

Answer:

Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.

Explanation:

Trade is central to ending global poverty. Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Hope this helped!!!

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Penguin Island produces two goods: ice and genetically engineered fish. Due to recent technological advances, its economy has ex

Vadim26 [7]

Answer:

1. Point on x-axis will increase and so will the point on the y-axis

2. All of the above

Explanation:

1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.

When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).

2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.

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2 years ago

Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential blank______ that

ad-work [718]

Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential strengths that a firm may identify during a swot analysis.

<h3>What is a SWOT analysis?</h3>

This is the framework that is used to know the strength of an organization, its weaknesses, its opportunities and its threats.

The SWOT analysis is useful due to the fact that it relates to situational analysis or assessment.

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2 years ago

When someone is willing to continue to purchase a good even though its price rises dramatically, the demand for the good is said

ArbitrLikvidat [17]

I would say it's <span> Inelastic. </span>

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3 years ago

The person who assumes the leadership role in a small group because of his or her ability, personality, or talkativeness is term

Alik [6]

Emergent leader.

<h3>What Is Leadership?</h3>

The fundamentals of being able and ready to inspire others are captured by leadership. Original and borrowed ideas that are effectively communicated to others in a way that engages them enough to act as the leader wants them to are the foundation of good leadership.

A leader both motivates and directs others' actions. They must possess the interpersonal qualities necessary for others to obey them, as well as the critical thinking abilities necessary to know how to make the most use of the resources available to a company. The management structure of an organization can also be referred to as leadership.

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1 year ago

Lasting Summer Inc. has $2,290 in the October 1 balance of the accounts receivable account consisting of $1,050 from Champion Co

kolbaska11 [484]

Answer:

<h2>Lasting Summer Inc.</h2>

a1) Revenue Journal

Date Description Invoice Ref Amount

Oct. 3 Palace Corp. 622 $2,890

Oct. 8 Sunny Style Inc. 623 1,940

Oct. 18 Amex Services Inc. 624 2,970

Oct. 28 Wayfarer Co. 625 900

Oct. 31 Accounts Receivable $8,700

a2) Cash Receipts Journal

Date Description Ref Amount

Oct. 5 Champion Co. $1,060

Oct. 12 Wayfarer Co. 1,450

Oct. 23 Palace Corp. 622 2,890

Oct. 30 Rogers Co. 120

Oct. 31 Accounts Receivable $5,400

Oct. 31 Cash Account $120

b1) Listing of the Account Receivable Customer Balances:

Champion Co. -$10

Wayfarer Co. 690

Sunny Style Inc. 1940

Amex Services 2,970

Total $5,590

b2) Verification of agreement with Accounts Receivable Control Account:

The total of accounts receivable listing and the Accounts Receivable Control Account agree.

c) Use of a Subsidiary Ledger for Accounts Receivable:

Subsidiary Ledger for the Accounts Receivable is kept in order to record the individual customers' accounts and their business transactions with the entity. The general ledger account for the same is a total account that summarizes the individual accounts and acts as a control measure to ensure accuracy.

Explanation:

a) Account Balances:

1. Accounts Receivable

Beginning balance $2,290

Revenue Journal 8,700

Cash Journal -5,400

Ending balance $5,590

2. Champion Co.

Beginning balance $1,050

Oct. 5 Cash -1,060

Ending balance $10 CR

3. Wayfarer Co.

Beginning balance $1,240

Oct. 28 Inv.625 900

Oct. 14 Cash -1,450

Ending balance $690

4. Palace Corp.

Oct. 3 Revenue Inv. 622 $2,890

Oct. 23 Cash 622 2,890

5. Sunny Style Inc.

Oct. 8 Revenue Inv.623 1,940

6. Amex Services Inc.

Oct. 18 Revenue Inv.624 2,970

b) A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. In the general ledger, there is an account that summarizes a subsidiary ledger account balances. It is called a control account or master account.

7 0

3 years ago

What will be its effect on trade if business gets expands​

What will be its effect on trade if business gets expands