Answer: Trade creation
Explanation:
Trade creation is the increase in economic welfare which occurs when a country joins a free trade area, like the customs union. Trade creation will happen when the ltariff barriers has been reduced which leads to lower prices.
Trade creation leads to lower cost on producers which will lead to a rise in economic welfare and consumer surplus. Trade creation also leads to expansion of trade.
Answer:
a. Account receivable and sales are understated.
Adjusting entry :
Accounts Receivable (Dr.) $21,000
Sales Revenue (Cr.) $21,000
b. Interest receivable is understated.
Adjusting Entry :
Interest Receivable (Dr.) $470
Interest Earned (Cr.) $470
c. Account receivable and sales are understated.
Adjusting entry :
Accounts Receivable (Dr.) $1,460
Sales Revenue (Cr.) $1,460
Explanation:
Adjusting entries will be created for the transactions that are not properly recorded or either completely not recorded. In the given case the customer is not billed for the services rendered. This has an impact on the asset account of the company because account receivable are understated.
Answer:
C. increase if beef is a normal good; decrease if rice is an inferior good.
Explanation:
As the average income in China continues to increase, we would expect the demand for beef to increase if beef is a normal good and the demand for rice to decrease if rice is an inferior good.
Normal goods are goods whose demand increase with the increase in income of consumer, however, demand decreases with the decrease in the income of consumer as we know Income is a key factor, which affect the demand of goods and services. Examples of Normal goods are Beef, Pizza, etc.
Inferior goods are goods whoes demand decreases with the increase in income of consumer, however, demand increases with the decrease in the income of consumer. Examples of Inferior goods are Cereal, Rice, non branded noodles etc.
Answer:
c. 55
Explanation:
As for the provided information, we know that
Percentage of active condominiums shall be calculated where the base shall be total property and the numerator shall be the active condominiums.
As provided condominiums = 40%
Active condominiums = 8.25 
40% = 3.3
Total property time = 8.25 40% + 4.5 60%
= 3.3 + 2.7 = 6.0
Therefore, percentage of active condominiums = 
= 55%
Answer:
$93.20
Explanation:
Given the following from the question
Future value of stock = $90
PV Factor = Future Value ÷ (1+ interest rate %)
Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777
Present value of dividends = 6 ÷1.03 = $5.8252427184
Total of present value of stock and dividend =$87.378640777 + 5.8252427184 = $93.20
Hence, in this case, the correct answer is = $93.20
