Answer:
C. phase out all trade and tariff barriers among Canada, Mexico, and the U.S
Explanation:
The North American Free Trade Agreement (NAFTA)
This agreement creates a bloc of trade for the region, Canada, Mexico and the US.
As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.
It will be replaced in the following year by the United States–Mexico–Canada Agreement (USMCA)
But NAFTA will keep working until this new agreement is finished.
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
The best term to the situation where Greg is in is that he is an expatriate. It is a term called to a person who resides or is living outside his country. This explains the situation where Greg is in Saudi Arabia when he originally from Florida. This is also a term that describes to a person who is living abroad.
Answer:
The correct answer is A. Both Laura and Cassie are correct.
Explanation:
Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:
700 x 1.06 = 742
700 x 1.03 ^ 2 = 742.63
Therefore, both Laura and Cassie are correct in their claims.
Answer: $1,075,000
Explanation: When a current or fixed asset is held in inventory, the worth at which it is recorded in accounting is called its net realizable value. In the given case, the net realizable value could be computed using following formula :-
Net realizable value = Balance of receivable on Dec 31 - expected uncollectibles
Putting the values into equation we get :-
Net realizable value = $1,200,000 - $125,000
= $1,075,000