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Sonbull [250]
2 years ago
15

Countries belonging to a ________ maintain whatever policies they see fit against nonmember countries.a) economic union.b) custo

ms union.c) common market.d) free trade area.
Business
1 answer:
Natasha_Volkova [10]2 years ago
3 0

Answer:

d) free trade area.

Explanation:

A free trade area refers to a region which comprises of a group of countries that have signed a free trade agreement to eliminate or reduce (limit) tariffs and non-tariffs or quotas among them.

A trade agreement can be defined as a pact or treaty signed between two or more countries to encourage the free flow (import and export) of goods and services among its members, as well as eliminating or reducing trade barriers such as quotas, tariffs on goods traded.

Trade agreements can cause jobs to go to countries that provide those jobs efficiently because all business entities or firms want to have competitive advantage over its rivals. Thus, business owners who have signed a treaty with other countries would tend to outsource or recruit workers from countries that provide their services efficiently.

Hence, countries belonging to a free trade area maintain whatever policies they see fit against nonmember countries

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On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
ruslelena [56]

Answer:

D. $6,000

Explanation:

The book value of a new asset includes the purchase price and other related costs that make it ready for use. For Woodstock company, the book value of the new machine will be the buying price of 40,000 plus 1000 transport costs.

Book value = $41,000

The straight-line depreciation method charges equal amounts throughout the life of the asset.

The depreciable amount = asset value - salvage value

=$41,000 - $5000

=$36,000

The depreciation rate = 1/6 x 100

=16.66 %

Annual depreciation = 16.66% x $36,000

=16.66/100 x $36,000

=0.16667 x $36,000

=$6,000

7 0
3 years ago
Ricardian equivalence means that:
kati45 [8]

Answer:

changes in private savings offset any changes in the government deficit

Explanation:

Ricardian equivalence means that private saving changes offset any changes in the government budget. Therefore, if the deficit increases by 30, private saving also increases by 30 but the trade deficit and the budget deficit will not change.

In case of the Ricardian equivalence, economic agents are assumed to be perfectly rational. According to them, higher taxes are required to repay the debt in case of an increase in deficit-financed government spending.

6 0
3 years ago
This information relates to Pickert Real Estate Agency.
nikitadnepr [17]

Answer:

The debit-credit analysis for each transaction is given below.

Oct. 1 Stockholders invested $30,000 in exchange for common stock of the corporation.

No effect (it is purchase of share already issued on stock exchange)

Oct. 2 Hires an administrative assistant at an annual salary of $42,000.

No effect (As hiring is not a transaction)

Oct. 3 Buys office furniture for $4,600, on account.

Debit Furniture Asset         $ 4,600

Credit Account Payable     $ 4,600

Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time).

Debit Commision Receivable        $ 10,800

Credit Commission Income            $ 10,800

Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment.

Debit Cash Asset                                    $ 140

Credit Rental Commission Income         $ 140

Oct. 27 Pays $700 on account for the office furniture purchased on October 3.

Debit Account Payabe     $ 700

Credit Cash                       $ 700

Oct. 30 Pays the administrative assistant $3,500 in salary for October.

Debit Salary Expense      $ 3,500

Credit Cash                       $ 3,500

7 0
2 years ago
1.6 Harper Travel Agency purchased land for $85,000 cash on December 10, 2015. At December 31, 2015, the land's value has increa
noname [10]

Answer:

$85,000

Explanation:

In the balance sheet, a company records the value of assets at their historical cost. Assets are recorded in the balance sheet at the price that they were acquired.  Even if a company has strong reasons to believe that the value of an asset has increased, It cannot adjust its value in the books.

Harper will record the value of the land at $85,000.  $93,000 represents the fair value of the property. Harper cannot record the fair value in the balance sheet. The fair value is only used when disposing of the property. The only way of verifying the fair value is by selling the property.

4 0
3 years ago
If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

Explanation:

The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

Interest payment = 8,000 * 6% = 480 dollars

8 0
3 years ago
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