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3 years ago

Countries participate in foreign trade because?

1 answer:

8 0

Countries participate in foreign trade because it does not have the comparative advantage in the production of all goods.

<h3>What is comparative advantage?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. For example, some countries do not have crude oil, so it would have to import from countries that produce crude oil. It would be more efficient for these countries to import crude oil.

To learn more about comparative advantage, please check: brainly.com/question/10606157

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_____ gives the property owner an allowance for the decline in the physical condition of real estate over time.

Over [174]

Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time., the actual decline in an asset's fair value, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's original cost to periods during which the asset is used.

Depreciation in accounting refers to two different aspects of the same idea: first Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life.

To learn more about Depreciation, click here.

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6 0

2 years ago

How do we know how much to fix when selling a house?

Sophie [7]

Depending on the location if the house and how much you want to sell it for. Just make sure basic things such as Holes in wall’s are fixed or more noticeable details. Otherwise if the house is in good shape and appliances, heating, water are all fine then not a lot.

5 0

3 years ago

For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that i

DaniilM [7]

Answer:

1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law.

Competence: accounting records must follows applicable laws, regulations and standards, you must IRA and GAAP rules when preparing financial statements and tax reports.

2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date.

Confidentiality: accounting records must b confidential unless you are authorized to disclose them, and you are not authorized to disclose the information to your aunt.

3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location.

Integrity: you must abstain from performing illegal activities, and bribery is illegal.

4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.

Credibility: you must report all relevant and important information regardless of whether that information will make you bad or not.

4 0

4 years ago

According to the two-factor theory proposed by Herzberg, which of the following factors is considered a hygiene factor? promotio

givi [52]

Answer:

Quality of supervision

Explanation:

Herzberg's 2 factor theory included motivational factors and hygiene factors.

Motivational factors are those which enable an employees or a workers to contribute their best efforts with utmost efficiency.

Hygiene factors on the other hand convey to the contrary i.e such factors lead to a reduction in the productivity and efficiency of workers.

One of the hygiene factor specified by Herzberg is supervision as per which poor supervision or command leads to job dissatisfaction among workers.

An organization must eliminate hygiene factors so as the employees are motivated to work and contribute optimally towards attainment of organizational goals.

6 0

3 years ago

McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily sales are

Nookie1986 [14]

Answer:

The net credit position is -28,420 (thus, is i na debit position)

if the payment cycle increases to 37 days then, net credit position 40,800

The company improve its cash flow as is now delaying the paying of the purchases for more days thus, redducing his overall cash needs per year.

Explanation:

The net credit position is the difference between accounts receivable and accounts payable

Accounts receivable = average daily credit sales X average collection period receivable

Accounts receivable: 10,010 x 32 = 320,320

Accounts payable = average daily credit purchases X average payment period payable

Account Payable: 9,730 x 30 = 291,900

Accounts Receivable - Accounts Payable:

320,320 - 291,900 = 28,420

If the tiem period increases; then:

A/P = 9,730 x 37 = 361,120

position: 320,320 - 361,120 = 40,800

3 0

3 years ago