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3 years ago

Supporters of free trade argue that it creates which economic benefit?

Business

2 answers:

expeople1 [14]3 years ago

8 0

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

just got it right!

stiv31 [10]3 years ago

4 0

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.

Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.

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Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and

ivann1987 [24]

Answer:

Dr Work-in process - Refining Department $381,000

Cr Materials $381,000

Dr Work-in process - Refining Department $149,000

Cr Wages Payable $149,000

Dr Work-in process - Refining Department $96,200

Cr Factories Overhead - Refining Department $96,200

Dr Work-in process - Sifting Department

$627,600

Cr Work-in process - Refining Department $627,600

Explanation:

Radford Inc. Journal Entries to record the flow of costs into the refining department

Dr Work-in process - Refining Department $381,000

Cr Materials $381,000

(To record usage of direct material)

Dr Work-in process - Refining Department $149,000

Cr Wages Payable $149,000

(To record usage of direct labor)

Dr Work-in process - Refining Department $96,200

Cr Factories Overhead - Refining Department $96,200

(To record applied manufacturing overhead)

b. Entry to record the transfer of production costs to the second department

Dr Work-in process - Sifting Department

$627,600

Cr Work-in process - Refining Department $627,600

(To transfer costs to the second department)

[$30,000 + ($381,000+$149,000+$96,200)- $28,600])

$30,000+$626,200-$28,600

=$30,000+$597,600

=$627,600

8 0

3 years ago

Discuss about Financial System and its impact on the strategic Financial Management <br><br>

klio [65]

Answer:

The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.

Explanation:

The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.

Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.

Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.

5 0

3 years ago

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at

Mnenie [13.5K]

Average FIFO LIFO Specific

Identification

Sales $ 3,840 $3,840 $3,840 $ 3,840

Less: Cost of 2,256 2,040 2,560 2,060

Goods Sold

Gross Profit $ 1,584 $1,800 $1,280 $ 1,780

The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.

The basic formula for the income statement is Income - Expenses = Net Income. This simple equation tells you if your company is profitable.

Learn more about Income statements here brainly.com/question/24498019

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3 0

2 years ago

Explain how the united states has both market and social justice aspects of health care.

Leona [35]

Marketplace justice asserts that during a loose marketplace economic system, market forces can obtain an honest distribution of healthcare amongst people who have got the liberty to purchase the healthcare offerings they value. In market justice, healthcare is rationed by way of the willingness and potential of humans to pay for healthcare.

Social justice emphasizes treating the human beings inside the society, which includes the negative and the rich, as equals to make sure harmony in the society. marketplace justice, then again, emphasizes giving each individual taking part in the exchange of products and services an equal hazard to prevail.

“Social justice" is the view that everyone merits the same monetary, political, and social rights and opportunities. Social workers goal to open the doorways of getting right of entry to and opportunity for every person, particularly the ones in best need.” national association of Social people. “Social justice encompasses financial justice".

Learn more about Social justice here

brainly.com/question/4537505

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4 0

2 years ago

Your friend is looking to find scholarly articles about online education. Which of the following groups of sources would you rec

kipiarov [429]

Answer:

B. journals and books (and e-journals or e-books on the web)

Explanation:

magazines are usually opinions

7 0

3 years ago