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2 years ago

Match each trade organization or agreement with its description.

Business

1 answer:

Dominik [7]2 years ago

8 0

Answer:

1. World Trade Organization

2. North American Free Trade Agreement

3. The European Union

Explanation:

a. World Trade Organization (WTO): Oversees trade agreements among over 150 member nations and arbitrates trade disagreements among member countries. The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world. It was established officially on the 1st of January, 1995.

b. North American Free Trade Agreement (NAFTA): Created a free-trade zone consisting of the United States, Canada, and Mexico with the purpose of eliminating trade barriers between these countries. It officially became effective on the 1st of January, 1994.

c. The European Union (EU): An agreement between over 25 nations, which abolished tariffs among member countries and standardized policies on agriculture, transportation, and business practices. It was established officially on the 1st of November, 1993. Some of its member countries are Sweden, Italy, Germany, Portugal, Croatia, Russia, France, Spain, Netherlands etc.

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Answer:

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Explanation:

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2 years ago

Brokers prepare a broker file that has all of the documents that may have a material effect upon the rights or obligations of a

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Answer:

One year from the date of the listing if the transaction is not consummated.

Explanation:

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2 years ago

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2 years ago

Read 2 more answers

Marwick's Pianos, Inc., purchases pianos from a large manufacturer and sells them at the retail level. The pianos cost, on the a

Julli [10]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The pianos cost, on the average, $2,450 each from the manufacturer. Marwick's Pianos Inc, sells pianos to its customer at an average price of $3,125 each.

Selling:

Advertising $700 per month

Sales salaries and commissions $950 per month, plus 8% of sales

Delivery of pianos to customers $30 per piano sold

Utilities $350 per month

Depreciation of sales facilities $800 per month

Administrative:

Executive salaries $2,500 per month

Insurance $400 per month

Clerical $1,000 per month, plus $20 per piano sold

Depreciation of office equipment $300 per month

During August, Marwick's Pianos, Inc., sold and delivered 40 pianos.

1) Traditional format:

Revenue= 40* 3125= 125,000

Cost of goods sold= 2450*40= 98000 (-)

Gross profit= 27,000

Selling expense:

Advertising= 700

Fixed Sales salaries and commissions= 950

Variable Sales salaries and commissions= 0.08*125000= 10,000

Delivery of pianos to customers= 30*40= 1200

Utilities= 350

Depreciation of sales facilities= 800

Total= 14,000 (-)

Administrative:

Executive salaries= 2,500

Insurance= 400

Fixed Clerical= 1,000

Variable Clerical= 20*40= 800

Depreciation of office equipment= 300

Total= 5,000 (-)

Net operating profit= 8,000

2) Contribution format:

Revenue= 125,000

Cost of goods sold= 98000 (-)

Variable Sales salaries and commissions= 10,000 (-)

Delivery of pianos to customers= 1200 (-)

Variable Clerical= 800 (-)

Contribution Margin= 15,000

Fixed costs:

Advertising= 700

Fixed Sales salaries and commissions= 950

Utilities= 350

Depreciation of sales facilities= 800

Total= 2800 (-)

Executive salaries= 2,500

Insurance= 400

Fixed Clerical= 1,000

Depreciation of office equipment= 300

Total= 4,200 (-)

Total fixed costs= 7000 (-)

Net operating profit= 8000

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2 years ago