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Dima020 [189]
2 years ago
12

Brett Thiesen wants to make a political case for regional economic integration to his electorate. Which valid statement can he m

ake in his regard?A) Those seeking a united europe have always had a desire to make another way in europe imminentB) Linking neighboring economies increases the potential for violent conflictC) making neighboring economies increasingly dependent on each other fails to create incentives for political cooperationD) Countries can enhance their political weight in the world by grouping their economiesE) free trade stimulates economic growth, which creates dynamic gains from trade
Business
1 answer:
AlekseyPX2 years ago
6 0

Answer:

If Brett Thiesen wants to make a political case for regional economic integration to his electorate, the valid statement he can make in this regard is

E) free trade stimulates economic growth, which creates dynamic gains from trade.

Explanation:

Free trade among regional countries is the only sure way to "stimulate economic growth and create dynamic gains from trade."  According to wikipedia.com, "Free trade is a trade policy that does not restrict imports or exports.  It can also be understood as the free market idea applied to international trade."  It is free trade system that created the European economy, enabling them to replace their national currencies with the Euro.  Regional free trade also encourages the movement of not only goods, but also persons and services, and cultures.

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Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t
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Answer:  If there is a major technological advance in the production of a good that causes production costs to fall and the demand for the product is relatively inelastic:  As production costs fall, it will cause an increase in supply, therefore the price will fall, but demand as it is inelastic will not increase in the same amount as the price rises.

4 0
2 years ago
Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intra
madam [21]

Answer:

Learning curve

Explanation:

Reference is made to the time and cost with respect to the fact that the proposed system is about the same size as others. Learning curve theory teaches to identify cost and time in relation to specific jobs

3 0
2 years ago
Sanyu Sony started a new business and completed these transactions during December.
Vitek1552 [10]

Answer:

             Sanyu Sony  

         Income Statement  

For the month ended December 31  

 

Revenue                            $7,100

<u>Less: Operating expenses     2,940 </u>

Net Income                             $4,160

               Sanyu Sony  

  Statement of Retained earnings  

For the month ended December 31  

 

December 1          $        -

Add: Net Income    4,160

<u>Less: Dividends      950 </u>

December 31                  $3,210

               Sanyu Sony

            Balance Sheet

          As of December 31

               

                     Asset  

Current Assets  

Cash                      $59,180

Acounts receivable     900

<u>Office supplies            1,150 </u>

Total current assets      $61,230

Non-current assets  

Equipment                 15,530

 

Total assets               $76,760

  Liabilities and Owner's Equity

Current liability  

Accounts Payable     $350

 

Non-current liability  

Note Payable                    8,200

 

Total liabilities          $8,550

Owner's Equity  

 

Common Stock        $65,000

Retained earnings             3,210

Total equity                $68,210

 

Total liabilities and Equity  $76,760

                                Sanyu Sony  

                      Statement of Cash Flows  

             For the month ended December 31  

 

Net Income                                                           $4,160

Changes in working capital:  

Increase in:  

 Accounts receivable   (900)

 Office supplies          (1,150)

   Increase in:    

<u>  Accounts payable   350                                              </u>

Net cash provided by operating activities    $2,460

Cash flow used in investing activity  

Acquisition of equipment    (15,530)

Increase in Notes payable     8,200

<u>Payment in dividends       (950)                                        </u>

Cash flow used in investing activities                  (8,280)

Cash flow from financing activity  

<u>Collection of subscriptions receivable           65,000 </u>

CASH AT END OF DECEMBER                   $59,180

Explanation:

Balance sheet is a statement of financial position that consists of 3 sections; Assets, liabilities and equity. It summarizes the financial balances of the company's accounts. All real accounts will be reflected in balance sheet.

Income statement shows the nominal accounts of the company. It shows how well the company performs during the period thru its revenue and expenses summary that is reflected in this statement.

Statement of Retained earnings shows the balances of the retained earnings for the period.

Statement of cash flows has 3 sections; operating, investing and financing activities.

7 0
2 years ago
Thomas Company receives information that requires the company to increase its expectations of uncollectible accounts receivable.
dangina [55]

Answer:

A. Bad Debt expenses is increased

Explanation:

The answer above won't occur because under the allowance method, if a customer's receivables is flagged as uncollectible, it is usually written off by deducting the amount from the total receivables. This entry to write off a bad debt will only have effects on the statement of financial position. The entries will be:

Debit: Allowance for doubtful debts account

Credit: Total receivables

No loss will be reported in the income statement because we have previously made a provision for it in bad debts.

7 0
2 years ago
Holman company owns equipment with an original cost of $95,000 and an estimated salvage value of $5,000 that is being depreciate
brilliants [131]
Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period. 
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be 
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation       (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset. 
7 0
2 years ago
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