Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two countries engaged in counter-trade.
Explanation:
Counter-trade is an internal mode of trade through which products and services are traded instead of hard currency for any other products or services. For developing nations with restricted exchange or credit services, this form of global trade is more prevalent.
Counter-trade can be divided into 3 main categories: trade, counter purchase and reimbursement.
The earliest counter-trade practice is bartering. An important advantage of counter trade is that it makes foreign exchange savings simpler. Complex agreements, increased costs and logistic problems are rising drawbacks of counter trade.
Answer:
$78,000
Explanation:
Total cost of producing 2,000 tires:
= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost
= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)
= $58,000 + $20,000
= $78,000
Therefore, the total cost of producing 2,000 tires is $78,000.
If $500 cash and a $2,000 word are given in change for a delivery truck for use in a commercial enterprise The stockholders ' equity is increased.
Shareholders' equity is the amount that the owners of an employer have invested in their enterprise. This includes the money they've without delay invested and the accumulation of income the agency has earned and that has been reinvested since inception.
Shareholder fairness is the difference between a firm's overall property and general liabilities. This equation is known as a balance sheet equation as all of the relevant information can be gleaned from the stability sheet.
Stockholders' equity has three common components: paid-in capital, treasury stock, and retained earnings. Three types of commercial enterprise entities exist companies, sole proprietorships, and drift-via entities which include partnerships. Stockholders' fairness applies most effectively to the corporate enterprise entity.
Learn more about stockholders here: brainly.com/question/14032844
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