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Doss [256]
2 years ago
8

Developing nations have formed international commodity agreements (ICAs) between leading producing and consuming nations of comm

odities. To promote stability in commodity markets, ICAs have relied on production and export controls, buffer stocks, and multilateral contracts. For example, the fair trade system may help to _______ (increase the number of middlemen selling farmer's products/ increase the income of farmers in developing nations/ decrease the markup price that retailers charge on farmer's products).
Business
1 answer:
Stella [2.4K]2 years ago
6 0

Answer: increase the income of farmers in developing nations.

Explanation:

Due to having weaker currencies, a lower standard of living and supplying raw materials, the farmers in developing nations are not paid a lot and so have to produce a significant amount of produce in order to get paid better.

International Commodity Agreements (ICAs), recognize that this is exploitative towards these farmers and so is working to increase the income that these farmers get in line with the fair trade system.

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Transactions for the Monty Company, which provides welding services, for the month of June are presented below. June 1 Monthly i
Leona [35]

Answer:

<u>Transactions:</u>

1. June 1 Monthly invests $3, 910 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 340.

3. June 3 $760 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $410 after completing welding work done on account.

<u>Journal Entries:</u>

1.

June 1              Dr.      Cr.

Investment   $3,910

Cash                          $3,910

2.

June 2              Dr.      Cr.

Equipment     $340

Account Payable       $340

3.

June 3                Dr.        Cr.

Rent Expense   $3,760

Cash                               $3,760

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $410

Welding Service Revenue              $410

6 0
2 years ago
uestion 31 Oriole Company has the following inventory data: July 1 Beginning inventory 114 units at $19 $2166 7 Purchases 399 un
lina2011 [118]

Answer:

$7,714

Explanation:

The computation of the cost of good sold under LIFO method is shown below

But before that following calculations need to be done

Goods sold = Beginning inventory + Purchases - Ending inventory

= 114 + (399 + 57) - 190

= 380 units

Now 380 units sold would include 57 units of July 22 purchases and balance i.e. (380-57)  323 units of July 7 purchases

So, cost of goods sold

= (57 × 22) + (323 ×20)

= $7,714

7 0
2 years ago
A rent ceiling set below the equilibrium rent
Anna [14]

A rent ceiling set below the equilibrium rent creates a situation in which the quantity demanded of housing is greater than quantity supplied.

<u>Option: C</u>

<u>Explanation:</u>

Rent limit is the highest price a property owner can demand for rent. Rent ceilings are typically fixed by legislation and limit how high the rent can be in a given area. Although, the amount of affordable housing is also reduced as a consequence of this rule, as tenants are not interested in renting out their properties at a cheap price.

Nevertheless, if the limit is placed underneath the level of equilibrium then a reduction of deadweight is produced. Many issues come in the form of illegal markets, scanning time and charges that aren't leased precisely like key money i.e. high initial cost for new keys.

4 0
3 years ago
Following ethical standards that have been outlined by the company you work for are___standards(apex)
Mashcka [7]

Answer:

D. organizational

Explanation:

You must focus on both your personal life and profession. Just got the question right on apex.

5 0
2 years ago
Why did suffragettes split into two rival organizations (nwsa and awsa?
abruzzese [7]
This two women advocates groups for American women voters separated due to irreconcilable views on the <span>Fifteenth Amendment to the United States Constitution. NWSA will not support the Amendment if women vote is not included. AWSA, on the other hand, supported the  </span><span>Fifteenth Amendment also supports the secure vote for African American men, women's vote should not be included because it will endanger the Amendments approval in congress.</span>
5 0
3 years ago
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