Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.
<h3>What is meant by international trade?</h3>
This is the term that is used to refer to the trade that is carried out between two different nations.
It is when the nations are able to engage in buying and selling the goods that they have in their home countries and taking the ones that they do not have from other countries.
Hence we can say that bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.
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Answer: Price leadership
Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.
In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.
Answer:
56.46%
Explanation:
The computation of the gross profit percentage is shown below
Gross profit percentage is
= (Sales - cost of goods sold) ÷ (Sales) × 100
where,
Sales is $850,000
And, the cost of goods sold is $344,600
Now placing these values to the above formula
So, the gross profit percentage is
= ($850,000 - $344,600) ÷ ($850,000) × 100
= $505,400 ÷ $850,000 × 100
= 56.46%
Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
Answer:
D sole proprietorship I think
