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Ahat [919]
3 years ago
10

One suggestion for helping poor countries enjoy the benefits of free trade is for richer nations to reduce barriers to importing

products from those nations particularly for __________ and agricultural products.
Business
1 answer:
boyakko [2]3 years ago
7 0

The suggestion is that poor countries reduce barriers to products relating to agriculture and <u>textile </u>products.

<h3>Why the suggestion?</h3>
  • It is thought that poorer nations produce certain type of products and these should be traded freely in developed countries.
  • It is hoped that this would allow poorer nations to become richer.

Some of those products include agricultural and textile products, both of which require little processing from raw materials which are abundant in poorer nations.

Find out more on agriculture in poorer nations at brainly.com/question/25077523.

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At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba
Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

<u>Applied Overheads are calculated as :</u>

Pre-determined Overhead Rate <em>multiplied by </em>Actual Activity

<u>Predetermined Overhead Rate is calculated as follows :</u>

Budgeted Overheads <em>divided by</em> Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

                                                     = $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

                                 =  $ 27,500

The Overheads Applied are then <em>Compared to</em> Actual Overhead Cost to determine is the Overheads where Over or Under Applied

<u>Therefore our case presents the following:</u>

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0
3 years ago
As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential.
Alborosie

Answer:

A private limited firm refers to a corporation. A corporation’s internal sources of financing are mostly limited to its retained profits, and money realized from the sale of its assets. In case of the given example, because the company does not have enough cash on hand, it will have to rely on several external sources of financing. The most important source of procuring financing for the company is a bank loan. Thus, the company can raise money from institutions such as banks or other creditors in the form of loans. The company will need to repay loans in the future, and therefore the company will record this as a liability in its accounts. However, these ways of procuring money would help the company arrange $15,000 in order to purchase the fabric and other accessories.

The sources of financing will remain the same even in the case of a sole proprietorship; that is, retained earnings or loans from external sources such as banks. However, in the case of a public limited company, the answer would change. In the case of a public limited business, it has another option of raising financing through the issue of common or equity shares.

4 0
3 years ago
Circumstances) People, constraints, and consumption are some of the key factors that will impact on your critical thinking and s
zimovet [89]

Answer:

True

Explanation:

Critical thinking is the thinking that deals in analyzing the facts so that the judgment could be created. It involves various things like rationality, non-biased, proof-based on facts provided, etc

Here the factors that directly impact the critical thinking are people, constraints and the consumption this results in shaping your goals and objectives you made

hence, the given statement is true

8 0
3 years ago
When might be the best time to start saving for retirement?
Delvig [45]
It would be d bc it not everyone does all of the things they are saying
7 0
4 years ago
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ratelena [41]

Answer:

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Explanation:

It is just plain facts!!!

6 0
3 years ago
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