Explain why domestic trade is important to the economy​

Answers

Answer 1

Answer: The importance of domestic trade in a country is that it facilitates exchange of goods within the country. ... By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country.

Explanation: Please mark me brainliest! Have a great day!!!


Related Questions

true or false the majority of managerial communication is written in one form or another.​

Answers

Explanation:

One form of verbal communication is called paralanguage.

True or False

False

Describe how the 4 functions of management (planning, Organizing, Leading and Controlling relate to each other​

Answers

shdjdj. dididie. wodod. wiwo

All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs. What would the single plantwide rate be if it was based on machine hours instead of labor hours

Answers

Answer:

Results are below.

Explanation:

We weren't provided with the number of machine-hours. To guide an answer, I will assume that 35,000 machine hours were estimated in the Fabrication Department.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate=  84,000 / 35,000

Predetermined manufacturing overhead rate= $2.4 per machine hour

Explain the relationship between the FAFSA, the SAR, and the EFC.

Answers

Explanation:

The SAR summarizes the information you provided on the FAFSA, and indicates the Expected Family Contribution (EFC). The EFC is the amount of money your family will be expected to contribute to your education. ... The lower your EFC, the more financial aid you will get.

Hope it helps

:>

EFC is an index number that is used to determine the eligibility for federal student financial aid, this number results from the financial information will be provided in FAFSA, then it will be reported on SAR.

What are the FAFSA, the SAR, and the EFC?

FAFSA refers to the Free Application for Federal Student Aid, form that is filled by the college students to determine their eligibility for student financial aid in the United States.

SAR refers to the  Student Aid Report is a document that gives the basic information about the student's eligibility for federal financial aid.

EFC refers to the Expected Family Contribution is an estimate of a student's eligibility for federal student financial aid.

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The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.Other revenues and gains 23,600other expenses and losses 4,000costs of good sold 291,000sales discount 4,800sales revenue 759,000operating expenses 220,000sales returns and allowances 10,600Prepare a multiple-step income statement for Splish Brothers Corp. The company has a tax rate of 25%.

Answers

Answer:

Splish Brothers Corp.

Multiple-step income statement for the year ended December 31, 2022.

Sales Revenue                                                                  759,000

Less sales returns and allowances                                   (10,600)

Net Sales                                                                            748,400

Less Costs of Good Sold                                                 (291,000)

Gross Profit                                                                        457,400

Less Operating Expenses

Operating expenses                          220,000

Sales discount                                        4,800               (224,800)

Operating Profit                                                                232,600

Less Non - Operating Expenses

Other revenues and gains                (23,600)

Other expenses and losses                 4,000                    19,600

Net Profit before tax                                                        252,200

Income tax expense                                                         (63,050)

Net Profit after tax                                                              189,150

Explanation:

Multiple-step income statement shows separately the income generated from Primary activities and that generated from Secondary activities as above.

Leader Corporation Company uses a job-order costing system with a single plantwide pre-determined overhead rate based on machine-hours. The 98554-CZ company based its pre-determined overhead rate for the current year on the following data:
Total machine-hours 50,000
Total fixed manufacturing overhead cost $400,000
Variable manufacturing overhead per machine-hour $6
Recently, Job D168 was completed with the following characteristics:
Number of units in the job 40
Total machine-hours 100
Direct materials $750
Direct labor cost $2,750
If the company marks up its unit product costs by 60% then the selling price for a unit in Job D168 is closest to:____.
a. $2,505.
b. $3,025.
c. $1,185.
d. $2,360.

Answers

Answer:

Selling price per unit= $196

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (400,000 / 50,000) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

Now, we can allocate overhead and calculate the total cost:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14*100= $1,400

Total cost= 1,400 + 750 + 2,750

Total cost= $4,900

Finally, the selling price per unit:

Unitary cost= 4,900/40= $122.5

Selling price= 122.5*1.6

Selling price= $196

Sheridan Beverage Company reported the following items in the most recent year.
Net income $49,000 Dividends paid 6,810 Increase in accounts receivable 13,660 Increase in accounts payable 8,660 Purchase of equipment (capital expenditure) 9,020 Depreciation expense 5,660 Issue of notes payable 22,020
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in CashIssue Notes Payable Increase in Accounts Receivable Decrease in Accounts Payable Increase in Accounts Payable Purchase of Equipment Dividends Net Income Decrease in Accounts Receivable Depreciation Expense Compute free cash flow.Free Cash Flow $Brief Exercise 5-12 Keyser Beverage Company report

Answers

Answer:

Net cash provided by operating activities $49,660

Net change in cash $55,850

Explanation:

Computation for the Net cash provided by operating activities

Net income$49,000

Add Increase in accounts payable 8,660

Add Depreciation expense 5,660

Less Increase in accounts receivable (13,660)

Net cash provided by operating activities $49,660

Cash flow from investing activities

Less Purchase of equipment (capital expenditure) (9,020)

Cash flow from financing activities

Add Issue of notes payable 22,020

Less Dividend (6,810)

Cash flow from financing activities 15,210

(22,020-6,810)

Net change in cash $55,850

($49,660-9,020+15,210)

Therefore Net cash provided by operating activities will be $49,660 and the Net change in cash will be $55,850

John Rawls owns and operates Philosophical Consulting, Inc. During 2019 and 2020 he made the following purchases of assets for use in the business:
Asset Date of Purchase Cost
Office Furniture 5/1/2019 $100,000
Computer System 9/15/2020 $500,000
In addition, his business income before any cost recovery deduction in 2020 is $350,000. Prior to 2020, he only used regular MACRS depreciation for all purchases. However, at the beginning of 2020 he decides to take the maximum deduction possible for all new purchases. Ignore any excess business or net operating loss limitations.
Required: What is the 2020 cost recovery deduction for Philosophical Consulting, Inc?

Answers

Answer:

The right solution is "600000".

Explanation:

The given values are:

Cost of office furniture,

= $100,000

Cost of the computer system,

= $500,000

The changed MACRS enables a company to reduce the mortgage balance of such deteriorating properties over time.Throughout the very first years, MACRS permits quicker depreciation although subsequently slows down depriving. This seems to be fantastic for corporations from a tax point of view.

Now,

The cost recovery deduction will be:

=  [tex]Office \ furniture+Computer \ system[/tex]

On substituting the values, we get

=  [tex]100000+500000[/tex]

=  [tex]600000[/tex]

who is the latest president of America?​

Answers

Joe Biden is the latest president of the USA
Joe Biden is the current president

Amber works as an insurance claims agent in charge of assisting policyholders when an accident has occurred. What task might Amber perform as part of her job?

A. buying and selling stocks for her clients
B. running an analysis of a small business's spendings
C. recording items damaged in a house fire

Answers

Answer:

the answer would be B

Explanation:

please tell me if im wrong or right

Answer:

B

Explanation:

When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
b. gains or losses on the conversion are recognized.
c. the market price of the stock on the date of conversion is credited to the Common Stock account.
d. the market price of the bonds on the date of conversion is credited to the Common Stock account.

Answers

Answer:

When bonds are converted into common stock____.

a. the market price of the stock and the bonds is ignored when recording the conversion.

Explanation:

This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on.  Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.

Question 7 (3 points)
All of the following are necessary functions of a government EXCEPT?
1) providing a legal system to enforce laws and protect property rights
2) maintaining competition by regulatingg monopolies
3) promoting economic growth at the expense of employment and inflation
4) providing goods that private companies cannot provide

Answers

The function of the government does not include 4) providing goods that private companies cannot provide

Functions of government:It gives the legal system for enforcing the laws and protecting property rights. It maintained the competition via regulating the monopolies.Also, it gives the economic growth.

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A small foundry agrees to pay $420,000 three years from now to a supplier for a given amount of coking coal. The foundry plans to deposit a fixed amount in a bank account every three months, starting three months from now, so that at the end of three years the account holds $420,000. If the account pays 8.5% APR compounded monthly, how much must be deposited every three months?
a. $31,069.
b. $28,473.
c. $47,943.
d. $35,389.

Answers

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Future Value= $420,000

Number of periods (n)= 4*3= 12 quarters

Interest rate (i)= 0.085/4= 0.0213

To calculate the quarterly deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (420,000*0.0213) / [(1.0213^12) - 1]

A= $31,086.79

explain the difference between a flat tax and a graduated income tax. in your own words.​

Answers

Answer:

flat tax is a set percentage that dies not change

graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.

What are some qualities that Glass Blowers need? Check all that apply. And have a Bless day and God bless you all <3
_______________________________________________________
A.) steady hands
B.) strength
C.) leadership
D.) computer literacy
E.) kindness
F.) care

Answers

Answer:

A,B,F

Explanation:

They are three are some qualities that Glass Blowers need are:

steady handsstrengthcomputer literacy

What is Glass Blowers?

The term Glass Blowers was the particular type of the art are the used the technique on the artist. It was the techniques id the prepare and shape their glass bowls and the deep of the object. It was the oldest method to used in the artist.

The techniques of the making the glass blowers is the variety of the shapes and the sizes. The another name is the gaffer, blacksmith, and the glassblower. They are the several qualities of the Glass Blowers need are steady hands, strength, computer literacy.

As a result, the significance of the Glass Blowers are the aforementioned. Therefore, option (a), (b) and (f) is correct.

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PLEASE HELP ASAP!! WILL MARK BRAINLIEST!!
How is per capita output determined and used?

Answers

Answer:

Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. 

Explanation:

I'm not sure if this is what you were looking for but this is my answer.

What are the challenges of Micro, Market and Macro environments?​

Answers

Explanation:

Micro Environnement : Difficult employees

lack of visions and mission

lack of adequate management skills

Market : Competition

Shortage of supply

Macro : Change in income levels

labour restrictions

The challenges of the Micro environment are

Hardened and difficult workers.Lack of objectives and goals.Lack of appropriate management skills.The challenges of the Macro environment are:Change in the level of income of people.Restriction of labor supply

The challenges that affect the market environmentLots of market competitionShortage of goods supply

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Josie is the CRM manager for a toy company. Under what pathway in the Marketing, Sales, and Services career cluster would Josie's job fall?

A. Merchandising
B. Marketing Management
C. Professional Sales

Answers

Answer:

B. Marketing Management

Explanation:

Marketing management is a process in which the planning and execution of pricing, promotion, distribution, goods & services in order to exchange and satisfy the individual and organization goals & objectives. It also involved the marketing, sales and services

Therefore option b is correct

Answer:

B

Explanation:

just took the test<3

Statement of Cash Flows A summary of cash flows for Hoist Travel Service for the year ended August 31, 20Y4, is shown below. Cash receipts: Cash received from customers $319,980 Cash received from additional investment of owner 22,400 Cash payments:
Cash paid for operating expenses 246,380
Cash paid for land 75,800
Cash paid to owner for personal use 4,500 T
he cash balance as of September 1, 20Y3, was $115,210.
Prepare a statement of cash flows for Hoist Travel Service for the year ended August 31, 20Y4. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.

Answers

Answer and Explanation:

The preparation of the cash flows statement is presented below:

Cash flow from operating activities

Cash received from customers $319,980

Less: Cash paid for operating expenses -$246,380

Net cash flows from operating activities $73,600

Cash flow from investing activities

Cash paid for land -$75,800

Net Cash used from investing activities -$75,800

Cash flow from financing activities

Cash received from additional investment of owner $22,400

Less: Cash paid to owner for personal use -$4,500

Net cash flow from financing activities $17,900

Increase in cash ($73,600 - $75,800 + $17,900) $15,700

Add: Opening cash balance $115,210

Ending cash balance $130,910

The income statement for Sweet Dreams Company is divided by its two product lines, blankets and) pillows, as follows:
Blankets Pillows Total
Sales revenue $620,000 $300,000 $920,000
variable expenses 465,000 240,000 705,000
Contribution margin 155,000 60,000 215,000
Fixed expenses 76,000 76,000 152,000
Operating income(loss) 79,000 (16,000) 63,000
Sweet Dreams is considering eliminating the pillow product line. If they do so, they will be able to eliminate $76,000 of total fixed costs. In that event, how would that business decision impact operating income?
A) Increase $42,000
B) Increase $76,000
C) Decrease $60,000
D) Increase $16,000

Answers

Answer:

Effect on income= $16,000 increase

Explanation:

Giving the following information:

Pillows

Sales revenue $300,000

variable expenses 240,000

Contribution margin 60,000

Fixed expenses 76,000

Operating income(loss) (16,000)

To calculate the effect on income, we need to use the following formula:

Effect on income= avoidable fixed costs - contribution margin

Effect on income= 76,000 - 60,000

Effect on income= $16,000 increase

Pharoah Corporation had the following activities in 2020.
1. Sale of land $174,000 4. Purchase of equipment $426,000
2. Purchase of inventory $915,000 5. Issuance of common stock $345,000
3. Purchase of treasury stock $65,000 6. Purchase of available-for-sale debt securities $63,000
Compute the amount Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option by investing activities $enter a dollar amount

Answers

Answer:

-$315,000

Explanation:

Computation for the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows

Sale of land $174,000

Less Purchase of equipment ($426,000)

Less Purchase of available-for-sale debt securities ($63,000)

Net cash provided (used) by investing activities -$315,000

Therefore the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows will be -$315,000

A stock expects to pay dividends of $3.77 per share one year from today; $4.56 per share two years from today; and $5.95 per share three years from today. After that, dividends are expected to be constant at $6.22 per share per year indefinitely. Investors require a rate of return of 10 percent on this stock. How much should this stock sell for today?
a. $58.40.
b. $56.71.
c. $50.20.
d. $54.15.
e. $51.99.

Answers

I think the answer is e

When you listen carefully to directions you are given, it saves time for _________.
a.
Yourself
b.
The speaker
c.
Both of you
d.
Neither of you

Answers

Answer is C , when you actually listen to the person it saves to,e for them because they don't really have to go over it again ; and for you , you don't have to sit there confused or have to ask for more help . Good luck <3
C both of you. The answer would be both of you because not only do you not have to ask the speaker to repeat themselves, but the speaker does not have to change directions and go back to repeat themselves.

What is the underlying premise of the resource-based view? Group of answer choices Firms generally have very similar capabilities stemming from almost identical resources Imitation of resources is the best way to achieve competitive advantages Firms differ in fundamental ways because each firm possesses a unique bundle of resources Firms' intangible resources can be very difficult to imitate

Answers

Answer:

Firms differ in fundamental ways because each firm possesses a unique bundle of resources

Explanation:

The resource-based view can be regarded as managerial framework utilized in finding strategic resources that can be exploited by a firm so that sustainable competitive advantage can be achieved. It should be noted that the underlying premise of the resource-based view is that Firms differ in fundamental ways because each firm possesses a unique bundle of resources

The unit product cost under absorption costing does not include fixed manufacturing overhead cost.



True
False

Answers

Answer:

true!

Explanation:

sales dollars are about appropriate allocation base for selling, general, and administrative expenses.

Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.

Answers

Answer:

to bad this isn't multiple choice

Explanation:

but it would only make sense if it were scientists. sorry if I'm wrong

☞EXPLANATION☜

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.

Assume that you are 25 years old today, and that you are planning on retirement at age 65. You expect your salary to be $55,000 one year from now and you also expect your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 26th birthday and will be 12% of this year's salary. Likewise, you expect to deposit 12% of your salary each year until you reach age 65. Assume that the rate of interest is 5%.
The future value (FV) (at age 65) of your retirement savings is closest to:________
a. $1,091,733.20
b. $1,246,723.80
c. $988,452.90
d. $1,225,821.20

Answers

Answer:

FV= $1,246,723.8

Explanation:

To calculate the future value of this growing annuity, we need to use the following formula:

FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}

A= annual deposit= 55,000*0.12= 6,600

i= 0.05

g=0.03

n= 40 years

FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}

FV= $1,246,723.8

Do you agree that the social media channels and content creation technology consumers have at their disposal is actually a good thing as the speaker says? Why or why not?

Answers

Answer: Guy on the top is so wrong

Suppose that nominal GDP increases to $30,000, and the GDP deflator increases to 105. What is real GDP? Round your answer to the nearest cent.

Answers

Nominal GDP / GDP deflator
$30,000/105
=$285.71

Explain the importance of understanding how teams work together to achieve the same goal​

Answers

Answer:

Graco docs fox

Explanation:

hii if good go go in the morning and will be able to get to know the first to rate this article on essy on the other day and time again for your time in you mam hindi meanings and the morning to ensure that we have DJs thrive and will

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