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4 years ago

International trade has always played a role in the U.S. economy.

Business

1 answer:

Len [333]4 years ago

4 0

Answer:

C) increasing because government policies facilitate trade

Explanation:

The recent trade disputes with Canada and Mexico, didn't actually reduce the trade between the countries, and a new deal has been signed.

The current dispute with China has hurt some of American exports (specially agriculture products) but hopefully it will be solved before it escalates to higher levels.

Usually trade has been continuously increasing since government policies encourage exports, and that also ends up increasing imports.

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During its first year in business, Comfy Home accounted for its inventory using the last in first out (LIFO) method. In the seco

Dmitry [639]

Answer:

Consistency principle

Explanation:

Accounting principles are defined as the general rules of.axcpunting that businesses are expected to follow when reporting financial information.

Accounting principles include:

- Accrual principle

- Conservatism principle

- Consistency principle

- Cost principle

- Economic entity principle

- Full disclosure principle

- Going concern principle

- Matching principle

- Materiality principle

- Monetary unit principle

- Reliability principle

- Revenue recognition principle

- Time period principle

Consistency principle requires one the continue using an accounting method consistently for future accounting periods so that information can be easily comparable.

In the given scenario the accountant tells Tenisa that US GAAP allows a company to choose its inventory valuation method as long as it doesn't change over time without a justifiable reason.

This is an example of consistency principle

5 0

3 years ago

Susan's father warned her about buying real estate. He told her that it was her responsibility to determine the facts about a pr

Margarita [4]

The legal issue that Susan's father was advising her about is: Caveat emptor.

<h3>What is Caveat emptor?</h3>

Caveat emptor is a Latin words which means let the buyer beware before buying or purchasing a property.

Hence, Susan's father advising her about Caveat emptor which is why he told her facts to obtain a thorough inspection before buying or purchasing the real estate.

Learn more about Caveat emptor here:brainly.com/question/14565508

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8 0

2 years ago

1. The minimum age to receive a Class C drivers license is<br> A. 15<br> B. 16<br> C. 18

insens350 [35]

You would need to be at least 18 years old to hold a valid Ontario licence

4 0

4 years ago

Read 2 more answers

What is the fullform of <br> MD,GM<br>

kiruha [24]

United States. In the United States, the first professional medical degree is known as Doctor Of Medicine (MD.) A student must complete a 4 year Undergraduate degree in order to pursue a MD. Upon completing undergraduate studies, the graduate is expected to successfully pass the Medical College Admission Test (MCAT.)

The full form of GM is “General Manager“. A general manager (GM) is in charge of part or all of a company's operations, including generating revenue and controlling costs. He/She has overall responsibility for a business or a business unit within a larger organization.

4 0

3 years ago

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.4 million. The machinery can be sold to the Romul

Semmy [17]

Answer:

a. $5,194,000

b. $7,715,000

Explanation:

a. Book Value of assets = Book value of fixed assets + book value of current assets

Book Value of assets = Book value of fixed assets + (Current Liabilities + Net working capital)

Book Value of assets = $4,200,000 + ($850,000 + $144,000)

Book Value of assets = $5,194,000

b. Sum of market value = $7,600,000 + ($965,000 - $850,000)

Sum of market value = $$7,600,000 + $115,000

Sum of market value = $7,715,000

8 0

3 years ago