you must evaluate a proposal to buy a new milling machine, The purchase price of the milling machine, including shipping and installation costs, is $135,000, and the equipment will e fully depreciated at the time of purchase. The machine would be sold after 3 years for $77,000. The mochine would require a $9,500 increase in net operating working capital ncreased inventory less increased accounts payable). There would be no effect on revenues, but pretax labor costs would decline by $56,000 per year. The marginal tax rate is 5%, and the WACC is 9%. Aso, the firm spent $4,500 last year investigating the feasibllity of using the machine. a. How should the 54,500 spent last year be handled? I. Last year's expenditure is considered a sunk cost and does not repeesent an incremental cash flow. Hence, it should not be included in the analysis. II. The cost of research is an incremental cash flow and should be incluced in the analysis. III. Only the tax effect of the research expenses should be included in the analysis. IV. Last year's expenditure should be treated as a terminal cash flow and dealt with at the end of the project's life. Hence, it should not be included in the initial Investment outlay. V. Last year's expenditure is considered an opportunity cost and does not represent an incremental cash fow. Hence, it should not be included in the analysis.
b. What is the initial investment outlay for the machine for capital budgeting purposes after the 100% bonus depreciation is considered, that is, what is the Year 0 project cach flown Fater vour answer as a positive value. Round your answer to the nearest dollar $ c. What are the proiect's annual cash flows during Years 1, 2, and 3 ? Do not round intermediate calculations. Round your answers to the nearest dollari Year 1: $
Year 2: $
Year 3: $
d. Should the machine be purchased?
Answers
Last year's expenditure is considered a sunk cost and does not represent an incremental cash flow.
Hence, it should not be included in the analysis.
How should the 54,500 spent last year be handled?
Calculation of Initial investment outlay for the machine for capital budgeting purposes after the 100% bonus depreciation is considered:
Initial cost of the milling machine = $135,000
Increase in net operating working capital = $9,500
the initial investment outlay for the machine for capital budgeting purposes after the 100% bonus depreciation is considered will be:
Initial Investment Out
lay = $135,000 + $9,500 - (0.05 × $9,500) = $138,025.
Calculation of the project's annual cash flows during Years 1, 2, and 3:
Net operating working capital at t = 0 is given as:
Increased inventory - Increased accounts payable = $9,500
the annual operating cash flows will be as follows:
Year 1:
$56,000 pretax labor cost savings - $9,500 - $2,250 = $44,250
Year 2:
$56,000 pretax labor cost savings - $2,250 = $53,750
Year 3:
$56,000 pretax labor cost savings + $77,000 + $2,250 = $135,250
To determine whether the machine should be purchased or not, the net present value of the project must be calculated.
The machine should be purchased if the net present value is positive and should not be purchased if the net present value is negative.
The net present value is calculated as follows,
the net present value of the project is $10,071.47 (rounded).
Since the net present value is positive, the machine should be purchased.
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Related Questions
T/F: Hofstede's power distance dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.
Answers
True. Hofstede's power distance dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.
This dimension was first introduced by Geert Hofstede in his book, "Culture's Consequences: International Differences in Work-Related Values". This dimension is based on the idea that power and inequality can be managed differently in different cultures. In societies with a high power distance, people tend to accept hierarchical structures and have a strong focus on respect for authority. In societies with a low power distance, people tend to be more equal in their relationships and are more likely to challenge authority. In Hofstede's model, the power distance dimension is based on the idea that people have different physical and intellectual capabilities. Those in power are expected to use their knowledge and power responsibly and fairly, while those in subordinate positions are expected to respect those in authority. Therefore, this dimension acknowledges the physical and intellectual inequality between people and seeks to manage it in a way that is fair and equitable.
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Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $325 when it produces 11,000 chairs. For this range of output, the firm is likely experiencing
Answers
Answer:
Coordination Problem
Explanation:
Below is the given values:
Average total cost of producing 10000 chairs = $300
Average total cost of producing 11000 chairs = $325
The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.
What are measurements that evaluate results to determine whether a project is meeting its goals?.
Answers
Metrics are measurements that evaluate results to determine whether a
project is meeting its goals.
What is Metrics?This is used to track the performance level of a project. It is used by
stakeholders and done in a quantitative manner.
Different forms of metrics include the following:
SalesProfitReturn on investmentCustomer reviews etc.This helps to measure the performance and production level of
organization with finances being an important factor.
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Please help me, I suck at this class ToT
Control over what two areas of manufacturing are the basis for a growing economy and a condition for becoming a world power?
A. copyrights and patents
B. technology and equipment
C. imports and exports
D. wages and benefits
Answers
Answer:
a
Explanation:
Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3 gallons per week. The new manager desires a service level of 90 percent. Lead time is 9 days, and the dairy is open seven days a week. (Hint: Work in terms of weeks.) If the ROP model is used, what is the appropriate safety stock level to achieve the desired service level? Round to two decimal places.
Answer:
Answers
Given that demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3 gallons per week. The new manager desires a service level of 90 percent. Lead time is 9 days, and the dairy is open seven days a week.
We need to find the appropriate safety stock level to achieve the desired service level if the ROP model is used. Solution: Safety stock level is given by; Safety stock = z × σ × √(L)Here, z = Z-value corresponding to the desired service level;σ = standard deviation; L = lead time in weeks. We know, lead time is 9 days and the dairy is open seven days a week. So the lead time in weeks is L = 9/7 ≈ 1.29 weeks. The value of Z for 90% service level can be obtained from the standard normal table or z table.
The value of z for 90% service level is 1.28. So, Z = 1.28.σ = 3, and L = 1.29 weeks. Substituting the given values in the formula for safety stock, we get: Safety stock = z × σ × √(L) = 1.28 × 3 × √(1.29) ≈ 5.27Thus, the appropriate safety stock level to achieve the desired service level if the ROP model is used is approximately 5.27 gallons (rounded to two decimal places).Answer: 5.27.
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Type in a sentence using the word Financial planning wrong
Answers
The law of increasing opportunity cost is reflected in the shape of the…
a) production possibilities curve concave to the origin
b) production possibilities curve convex to the origin
c) horizontal production possibilities curve
d) straight-line production possibilities curve
e) upward-slopping production possibilities curve
Answers
The law of increasing opportunity cost is reflected in the shape of the production possibilities curve concave to the origin (option A).
What is the production possibilities curve?The production possibilities curve depicts the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibilities curve is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
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The computer accessories that Javier is making and
selling are bringing in a substantial amount of money
for him. Inspired by this success, he decides to hire two
people and expand his business.
A.international competition
B.consumer sovereignty
C.wealth creation
D.property rights
E.profit motive
Answers
Answer:
E. Profit motive
Explanation:
Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.
This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.
Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.
In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Thus, this is an example of profit motive.
If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne
Answers
Answer:
operational
Explanation:
bc it is
If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.
What is Team?When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.
A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.
The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.
Therefore, option D operational is appropriate.
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which of the following is an advantage of the corporate form of organization? question 1 options: control of a corporation may be held by those with a minority of the investment. the cost of forming and maintaining a corporation is minimal. a corporation need not be qualified in all states where it is conducting local or intrastate business. license fees and franchise taxes are not assessed against corporations. corporate income is not subject to double taxation.
Answers
The advantage of the corporate form of organization is that a) control of a corporation may be held by those with a minority of the investment.
This means that a minority shareholder or group of shareholders can exercise significant control over the corporation, provided they own a sufficient number of shares. This is in contrast to other forms of organization where control is typically proportional to investment.
However, it is important to note that there are also disadvantages associated with the corporate form of organization, such as the potential for conflicts of interest between shareholders and management, and the complexity and expense of forming and maintaining a corporation.
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If Boeing produces 9 jets per month, its long-run total cost is $9 million per month. If it produces 10 jets per month, its long-run total cost is $11 million per month. Boeing exhibits
a. rising marginal cost.
b. falling marginal cost.
c. economies of scale.
d. diseconomies of scale.
Answers
Boeing exhibits diseconomies of scale in its production process. The company's total cost increases from $9 million per month to $11 million per month when the production increases from 9 jets per month to 10 jets per month. This implies that the marginal cost of producing an additional jet is increasing, which is a characteristic of diseconomies of scale.
Diseconomies of scale occur when the cost per unit increases as the scale of production increases. There are several factors that can cause this, including increased complexity, communication difficulties, and reduced motivation among employees.
In Boeing's case, producing more than 9 jets per month may be causing some of these factors, leading to a rise in costs.
To overcome diseconomies of scale, Boeing needs to consider ways to streamline its production process and improve communication and coordination among its employees. Implementing new technologies and upgrading outdated equipment may also help to increase efficiency and reduce costs. By doing so, the company can achieve economies of scale and produce more planes at a lower cost per unit, ultimately increasing its profitability and maintaining its competitive edge in the aviation industry.
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Pleaseee help
P
L
E
A
S
E
Answers
Answer:
What should I help dude
4. What are some of the things that could happen on the job that would cause me to resign?
Answers
Answer:
Some of the things that could happen on the job that would cause you to resign are:
A toxic work environment. If you are constantly feeling stressed, anxious, or unhappy at work, it may be time to resign. A toxic work environment can have a negative impact on your physical and mental health, and it can make it difficult to be productive.A lack of opportunities for growth. If you feel like you are not learning or growing in your current role, you may be ready to move on. A lack of opportunities for growth can lead to boredom, frustration, and a feeling of stagnation.Unrealistic expectations. If your employer is constantly setting unrealistic expectations, it can be very difficult to meet them. This can lead to stress, anxiety, and burnout.A lack of support from your manager. If you feel like your manager is not supportive of you or your work, it can be very difficult to be successful in your role. A lack of support can make it difficult to ask for help when you need it, and it can make you feel like you are not valued.A change in the company culture. If the company culture changes in a way that you do not agree with, it may be time to resign. A change in company culture can make it difficult to fit in, and it can make you feel like you are no longer a good fit for the company.A personal reason. Sometimes, you may need to resign from your job for a personal reason, such as a family emergency or a health issue. If you are facing a personal crisis, it is important to put your own needs first.
If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?
Answers
Answer:
45
Explanation:
Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.
The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.
= 30 +45
=45
Large business corporations routinely use the possibility of relocating to different states to try to lead state and local governments to enact laws and policies that businesses want, such as special tax breaks and favorable regulations.
What is this called?
A. threat of exit
B. corporate ransom seeking
C. policy divestment
D. boycotting
Answers
This is called threat of exit. The Due Process Clause of the Fifth Amendment requires the United States government to provide equal protection. Conservatives believe that government should be small and focused primarily on the state or local level. The answer is OPTION A.
They favour minimal government intervention in the economy and prefer problem-solving solutions based on the private sector. The federal government occasionally orders states to do things like follow housing laws or environmental Conservatives. These are known as mandates. An unfunded mandate is one for which the federal government makes no financial provision. These can include things like establishing courts, levying taxes, and spending and borrowing money.
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Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
Is the following an example of a Temporary or Permanent Account?Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000.
Answers
Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000. This is an example of permanent account.
The balances that accumulate over time are recorded in permanent accounts. Records of sales is an illustration of super durable records. Assets, liabilities, equity, accounts payable, inventory, and investments are additional examples of permanent accounts.
An account whose balance does not reset to zero at the end of the accounting period is called a permanent account, also known as a real account. Instead, the balance stays the same throughout each accounting period. Asset, equity, and liability accounts are the most common types of permanent accounts.
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which of the following is most likely to require interpersonal skills? question 16 options: working overtime writing notes about a meeting understanding how a new product works working on a team
Answers
Working on a team is most likely to require interpersonal skills.
What purposes do interpersonal skills serve?Uses of Interpersonal Communication,influence other people's views and actions. Make acquaintances, establish contacts, and uphold existing connections. better comprehend our experiences in the world by making sense of it. We should communicate our own demands and be aware of others' needs.Empathy, active listening, and emotional intelligence are typical illustrations of interpersonal abilities. All facets of life require interpersonal skills, which are crucial in both social and business contexts.The ability to engage with others effectively is referred to as interpersonal skills. These abilities demonstrate how you will fit into a company, making them crucial to include on a resume.To learn more about interpersonal skills refer to:
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Suggest the business and revenue model Boo.com could have
considered and assess the potential for profitability
Answers
Boo.com, an online retailer that operated during the dot-com era, faced several challenges and ultimately failed.
However, if we were to consider alternative business and revenue models for Boo.com, here are some options they could have explored:
Subscription-based Model: Boo.com could have offered a subscription-based service where customers pay a monthly or annual fee to access exclusive benefits such as free shipping, personalized recommendations, and early access to new products. This model would provide a recurring revenue stream and incentivize customer loyalty.Marketplace Model: Instead of carrying its own inventory, Boo.com could have transformed into a marketplace platform where various brands and retailers could sell their products. Boo.com would earn revenue through commission fees or transaction fees for facilitating sales. This would allow for a wider range of products and reduce inventory management costs.Data Monetization: Boo.com could have leveraged the customer data it collected to offer targeted advertising or sell anonymized customer insights to third-party advertisers. By analyzing customer behavior and preferences, Boo.com could have generated additional revenue streams without relying solely on product sales.Vertical Integration: Rather than solely focusing on retail, Boo.com could have vertically integrated by expanding into manufacturing or distribution. By controlling the entire supply chain, they could have reduced costs and increased profit margins. This would require significant investment and operational expertise.Brand Partnerships and Sponsorships: Boo.com could have formed strategic partnerships with fashion brands and designers, collaborating on exclusive collections or promotional campaigns. This would generate revenue through brand collaborations and sponsorships while enhancing the company's reputation and attracting a wider customer base.Know more about Boo.com here
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Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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50 POINTS PLS HELP
Write a check, fill in the check register, then reconcile the checking account.
Answers
Answer:
your answers for blank check are as follow s: Date:04/01/19.
PAY TO THE ORDER OF: City of Dallas $54.15
fifty four dollars and fifteen cents.
Memo:for a parking ticket.
although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year-end to address issues such as ________ and
Answers
Even though the records of stock are updated frequently under the Perpetual Inventory approach, a physical count is still necessary to address C : customer theft and spoilage.
The Perpetual Inventory System ensures that there are lower issues with stock accounting because stock changes are recorded after every sale.
A physical count is still needed however to ensure that the stock that is recorded is the same as the actual stock. It might not be the same due to:
Customer thefts e.g. shoplifting Spoilage - some of the stock may have spoiled and become unusable.In conclusion, physical verification of stock is important to find instances of spoilage and theft.
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Options for this question include:
A : management performance; inventory records systems.
B : failing to meet sales goals; employee discounts.
C : customer theft; spoilage.
D : management performance; employee discounts.
30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
Answers
Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at your university while the other is a professor somewhere else. Research suggests that you will tend to:__________
Answers
Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
Explanation:
There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
The second is that you would be inquisitive about the other professor and want to know more about his profile.
But in most cases the familiarity aspect happen more than the other.
Question 7of 10 true false whether employer sponsored or privately purchased, disability insurance plans will cover 70% of your lost
Answers
The statement provided in Question 7 of 10, which states "whether employer sponsored or privately purchased, disability insurance plans will cover 70% of your lost," is generally true.
Disability insurance plans are designed to provide financial assistance in the event that an individual becomes disabled and is unable to work for a period of time.Whether purchased through an employer-sponsored plan or privately, most disability insurance plans will typically cover a portion of the individual's lost income. The amount of coverage provided can vary depending on the specific terms of the policy, but a common coverage percentage is 70% of the individual's pre-disability income.It is important to note that there may be certain limitations or exclusions to coverage, depending on the policy. For example, some policies may only cover disabilities resulting from accidents, while others may also cover illnesses or other medical conditions. Additionally, the length of time for which benefits are provided may vary, with some policies providing benefits for a limited period of time and others offering coverage for as long as the individual remains disabled.
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Answers
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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PROBLEM: The Chicago Cubs play their home games at Wrigley Field, located in the Lakeview neighborhood of Chicago. A recent New York Times study concluded that the probability that a randomly selected Lakeview resident is a Cubs fan is 0.44.
(a) Interpret this probability as a long-run relative frequency.
Answers
Answer:
If a large Number of Lakeview residents are questioned, about 44% of them will be Club fans.
Explanation:
Reporting the probability outcome of a singular observation are usually reported as stated above, that the probability of a random sample of Lakeview resident being a club fan is 0.44%. However from a long run relative frequency approach, it requires just more Than one random sample but a large number of samples being evaluated over time.
Hence to expresa as a long run relative frequency, it could be stated as ; report gathered from many Lakeview residents, about 44% of them are Club fans.
A reduction in price is sometimes referred to as
Answers
A discount is one expression frequently used to refer to a price reduction. A percentage or dollar amount is subtracted from the original cost of a good or service to provide a discount.
Businesses frequently provide discounts to entice customers to buy their goods or services, especially when there is a fiercer competition or a pressing need to move inventory. There are numerous ways to publicize discounts, including sales, promotions, and coupons.
Another term used to describe a reduction in price is a markdown. A markdown is a reduction in the price of a product that occurs when the item is not selling as quickly as anticipated.
Markdowns are often used by retailers to clear out excess inventory or to make room for new products. Markdowns can be temporary or permanent and can be applied to a single item or to an entire category of products.
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A reduction in price is sometimes referred to as a discount.
What is a reduction?A reduction in price refers to a decrease in the original price of a product or service. It is a common marketing strategy used by businesses to attract customers, increase sales, or move inventory. A reduction in price can take many forms, such as a discount, a sale, a markdown, or a price cut.
The discount or markdown can be expressed as a percentage or a dollar amount. For example, a store may offer a 20% discount on all items or reduce the price of a specific product by $10. The goal of a reduction in price is to make the product or service more appealing to consumers by making it more affordable or offering a better value. This can help businesses increase their market share, build customer loyalty, and ultimately increase revenue.
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Conider the market for grain in a Wet African nation. Suppoe the United Nation initiate a program to ditribute free grain to houehold in that Wet African nation. The immediate effect of the UN grain ditribution program on houehold and farmer in the Wet African nation would be to
Answers
Distributing the free grains to households in wet African regions by the united nations, it would drive the price up.
What are the objectives of the United Nations?The United States is an international organization made up of 51 states that were founded with the goals of promoting social progress, a greater standard of living, and human rights in addition to preserving world security and peace.
Which three nations don't belong to the UN?Taiwan, Kosovo, and Vatican City are the only three nations in the world that are unable to join the UN. The UN views Taiwan and Serbia as being a component of China and Serbian, respectively, rather than as sovereign states.
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the general agreement on tariffs and trade and the world trade organization have resulted in a. the establishment of universal trade adjustment assistance policies. b. the establishment of the european union. c. the reciprocal trade clause. d. reductions in trade barriers via multilateral negotiations.
Answers
the general agreement on tariffs and trade and the world trade organization have resulted in Reductions in trade barriers via multilateral negotiations. Therefore option D is correct.
What is the general agreement on tariffs and Trade?'
The General Agreement on Tariffs and Trade (GATT), which was ratified by 23 nations in 1947, lowers trade restrictions by doing away with or decreasing quotas, tariffs, and subsidies. After World War II, it was designed to accelerate economic recovery.
Over time, GATT was expanded upon and improved, and as a result, the World Trade Organization (WTO), which had been established to carry out GATT, was born in 1995. By that time, 125 countries had ratified their accords, which encompassed 90% of world commerce.
The GATT is currently managed by the Council for Trade in Goods (Goods Council), which is made up of representatives from every WTO member state. Etienne Oudot de Danville will serve as the Goods Council's chairman as of September 2022. There are ten committees on the council that deals with issues including anti-dumping laws, market access, and agriculture.
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