on january 1, 16 units were purchased at 2.50 per unit. on july 1, 12 units were purchased at 3.00 per unit. determine the cost of ending inventory if 25 units were sold during the year under the fifo method

The amount that can be claimed for donations without receipts is less than $250.

For donations of $250 or more, taxpayers are required to obtain a written acknowledgment(receipts) from the organization which includes  amount of donation, a description of any non-cash items donated, and a statement indicating whether any goods or services were provided in exchange for the donation.

For the donations of less than $250, taxpayers are not required to obtain a receipt, but they must have some other form of written documentation which includes name of organization, date of donation, and amount of donation.

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When it comes to tax deduction or a tax credit, it depends on your financial and tax situation.

A tax deduction reduces your taxable income, whereas a tax credit reduces your tax bill by a certain amount. Tax deductions and tax credits are different in many ways. Tax credits offer a dollar-for-dollar decrease in your tax bill. Tax deductions reduce your taxable income by a certain percentage, which in turn lowers your tax bill.

Tax deductions are normally worth less than tax credits, but they can still save you money. You can use tax deductions to lower your tax bill, but you can't use tax credits to reduce your taxable income. If you have a low income, tax credits can be more beneficial than tax deductions. A tax credit is a reduction in the amount of income tax you have to pay, while a tax deduction lowers your taxable income by a specific amount.

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Bank reconciliations and reviews of financial documents are the most effective procedures for assessing the accuracy and validity of source documents that reflect valid transactions that have not been recorded in the journals.

Source documents are a key component of any accounting system, as they provide evidence of valid transactions. Auditors are usually concerned about source documents that reflect valid transactions that have not been recorded in the journals because it could indicate a possible misstatement or error.

The most effective procedure to assess the accuracy and validity of these transactions is to perform a bank reconciliation. During this process, the auditor compares the balances in the client’s bank statements with the bank balances in the general ledger. This comparison will allow the auditor to identify any differences in the bank balances that could potentially be caused by unrecorded transactions. The auditor can then make further inquiries to determine the accuracy and validity of these transactions.

In addition, the auditor should also review the client’s financial records and documents to make sure that all relevant information has been included and recorded accurately. This includes reviewing any supporting documents for each transaction such as receipts, invoices, and bills. Furthermore, the auditor should make sure that the client has established adequate internal controls to ensure accuracy and prevent any fraud.

Overall, bank reconciliations and reviews of financial documents are the most effective procedures for assessing the accuracy and validity of source documents that reflect valid transactions that have not been recorded in the journals.

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The following statements are false the design of financial instruments is greatly constrained by law and regulation. option (C) is correct.

Examples of non-financial assets incorporate substantial resources, like land, structures, engine vehicles, and gear, as well as elusive resources, like licenses, generosity, and protected innovation. Fates contracts, credit recorded agreements, and loan cost trades are completely remembered for subsidiary instruments.

Monetary instruments might be isolated into two sorts: cash instruments and subordinate instruments. Money-related instruments may in like manner be separated by an asset class, which depends upon whether they are commitment based or value-based. Unfamiliar trade instruments involve a third, interesting kind of monetary instrument. Therefore, option (C) is correct.

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1. Yes, I agree with that distribution because it prioritizes the needs of the elderly, the poor, and national security while maintaining fiscal sustainability.

2. The advantage of this distribution is that it ensures that the federal government fulfills its obligations to its citizens while keeping the budget under control.

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None of the options provided fully explains why Japanese companies prefer the payback period over the discounted cash flow methods for evaluating capital investment alternatives.

However, one possible reason is that Japanese companies tend to have a long-term perspective on investments and focus on building stable, long-term relationships with suppliers and customers. Therefore, the payback period, which measures the time it takes for an investment to generate enough cash flows to recover its initial cost, may be more attractive to them as it allows them to evaluate the investment's profitability in the short term and make decisions accordingly. Furthermore, the discounted cash flow methods may be less relevant in a low-interest-rate environment, which is characteristic of Japan.

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Cash balance at september 30 is 404,900$.To determine the ending balance of cash we must first have to compute for the collections and disbursements made for the month of september.

Since the collections and purchases have different timings, we have to plot both to determine the collections and disbursements made.Afterwards, we can now compute for the ending cash balance through the formula: Beginning cash balance + Collections made in september - Disbursements made in september.

step 1.compute for the timing  of collection on sales

september sales

august sales($220,000*60%)  $                 132,000 $

september sales($220,000*120%*40%)     105,600 $

total collection for month of September      237,600

step 2.compute for the timing  of disbursements on purchases

september disbursements

october purchases($170,000*60%)                    102,000 $

september purchases($190,000*30%)               57,000 $

total disbursements for month of September     159,000

step 3. compute for the cash balance on september 30

balance,september                    $8,300

collection in september             237,600

disbursement in september      (159,000)

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To organize its salesforce, Cascade Maverik divides its market into territories. Given this salesforce structure, Laura Edward would be considered a geographic salesperson. Option C is correct.

A geographic salesperson is a sales professional who is responsible for selling products or services within a specific geographic region. They are typically assigned a territory and are expected to establish and maintain relationships with customers in that area. The geographic region may be defined by state, city, or even a specific set of ZIP codes.

The primary responsibility of a geographic salesperson is to generate revenue by selling products or services to customers within their assigned territory. They may also be responsible for identifying new business opportunities, providing product demonstrations, and negotiating contracts. Successful geographic salespeople have excellent communication and interpersonal skills, are self-motivated, and have a deep understanding of their products and industry. Hence, Option C is correct.

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The complete question is:

To organize its salesforce, Cascade Maverik divides its market into territories. Given this salesforce structure, Laura Edward would be considered a

d. organizational culture. Former Japan Airlines CEO Haruka Nishimatsu has a distinct set of principles that represent his vision for the company's culture. His actions, which are contrary to industry norms,

an attempt to shape the company's organizational culture. Nishimatsu's choice to forego a corporate jet, break down his office walls, and go by bus demonstrates his devotion to environmental awareness and a straightforward work ethic. Nishimatsu promotes the principle of austerity and humility throughout the organization by rejecting the opulent lifestyle that is commonly associated with corporate leadership. This leadership style is likely to have a favorable influence on employees' general work ethic and productivity. Additionally, Nishimatsu's efforts show a dedication to corporate responsibility.

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In New Hampshire, it is forbidden to collect or possess marine species, such as lobsters, crabs, and certain types of fish, from the state's beaches at night.

In New Hampshire, it is forbidden to collect any of live organisms, such as clams, mussels, and lobsters, as well as any dead shellfish or other marine life that may have washed up on the beach.

The purpose of this regulation is to protect the ecosystem of the state's beaches and to ensure that marine life is not overexploited or damaged by over-harvesting.

This regulation helps to prevent disturbance to the natural habitat and breeding areas of marine species, which is especially important during the breeding season.

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This approach to the real estate business is known as "farming." It involves focusing your marketing efforts on a specific geographic area in order to become an expert in the local market.

By building relationships with buyers, sellers, and other professionals in the area, real estate agent can deepen their knowledge of the local market and better serve their clients.

Farming also allows the agent to become the go-to real estate professional in the area, increasing their visibility and chances of obtaining listings.

Farming involves the use of targeted marketing such as direct mail, print advertising, social media campaigns, networking events, and more. By focusing their efforts on one specific area, a real estate agent can maximize their chances of success.

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Sales tax is a tax on the sale of goods and services, while excise tax is a tax on the production, sale, or use of a specific product or activity, such as gasoline or tobacco.

Sales tax and excise tax are both forms of consumption taxes, but they differ in their scope and application. Sales tax is typically a percentage of the price of goods or services that are sold to end consumers. It is collected by the seller at the point of sale and remitted to the government. In contrast, the excise tax is a tax on specific products or activities, such as gasoline, tobacco, or alcohol. It is typically a fixed amount per unit of the taxed item, and it is usually paid by the manufacturer or importer of the product before it reaches the market. Excise tax is often used to discourage certain behaviors or to raise revenue for specific government programs. Both sales tax and excise tax are important sources of revenue for state and federal governments.

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The value of the stock = $42.14876 rounded off to $42.14

A perpetuity is an endless succession of constant-amount cash flows that happen at regular intervals. We refer to them as perpetual because there is no limit to the number of them. Because perpetual preferred stock pays a constant dividend at regular periods, it can also be considered to be in the form of a perpetuality. We employ the present value of perpetuity formula, which is, to determine the price of the preferred shares.

the required return on the preferred stock =  12.1 percent

a preferred stock from dlc pays  = $5.10 in annual dividends

PV is equal to cash flow divided by r.

Where,

r is the required rate of return

PV = 5.1 / 0.065

Hence, the value of the stock = $42.14876 rounded off to $42.14

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Pro fast was recently approached by digital territory, a large data warehouse that rents server space to commercial customers, about purchasing their company. digital territory is engaging in vertical integration. The answer is OPTION C.

Vertical integration is a business strategy in which a firm has control over various supply chain and manufacturing stages. Businesses that are vertically integrated can lessen or do away with the need to depend on external parties for things like production and transportation.

Three kinds of vertical integration are distinguished: balanced vertical integration, backward (upstream) vertical integration, and forward (downstream) vertical integration. (both upstream and downstream). The term "vertical integration" in economics refers to a business strategy where a firm owns two or more significant supply chain stages.

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The cost of ending work in process inventory is $170,000.

The cost of ending work in process inventory can be determined by using the following formula:

Cost of ending work in process inventory = Beginning work in process inventory + Manufacturing costs – Cost of goods manufactured Let's plug in the given values and calculate the cost of the ending work in process inventory.

Barton Company has beginning work in process inventory of $144,000 and total manufacturing costs of $686,000.

Cost of goods manufactured is $660,000.

Cost of ending work in process inventory = $144,000 + $686,000 - $660,000

Cost of ending work in process inventory = $170,000

Therefore, the cost is $170,000.

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In his first State of the Union speech in January 2010, President Obama proposed a tax credit for small businesses and tax incentives for all businesses that invest in new plant and equipment. The anticipated effect of these proposals on aggregate demand is an increase.

These tax incentives are designed to encourage businesses to invest more in capital goods, such as machinery, equipment, and new facilities. As businesses increase their investment spending, this leads to a direct increase in aggregate demand, as investment is one of its component . Moreover, when businesses expand their operations and enhance their productive capacities, it can lead to job creation and higher employment levels.

As more people become employed, their disposable income rises, leading to higher consumption spending. Consumption is the largest component of aggregate demand, so an increase in consumption would further contribute to the rise in aggregate demand. Additionally, increased business investment can lead to technological advancements and increased productivity, which can stimulate economic growth in the long term.

Overall, President Obama's proposals aim to boost aggregate demand by encouraging business investment and promoting job creation, ultimately leading to increased consumption and economic growth.

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The predetermined overhead rate for Dallas company is $9.67 per hour.

The Dallas company uses a job order costing system, where direct labor and factory overhead are estimated in advance. The company executives estimated direct labor to be $3,750,000 (150,000 hours at $25/hour) and factory overhead to be $1,450,000 for the current period.

At the end of the period, the records showed 130,000 hours of direct labor and $1,150,000 of actual overhead costs.

Using direct labor hours as a base, the predetermined overhead rate can be calculated as follows:

Predetermined Overhead Rate = Estimated Overhead / Estimated Labor Hours

Predetermined Overhead Rate = $1,450,000 / 150,000 hours = $9.67 per hour

Therefore, the predetermined overhead rate for the Dallas company's job order costing system is $9.67 per hour (rounded to two decimal places).

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The introduction of a new product that will require an investment in new machinery will lower the net present value of that project due to a loss of sales of existing products due to the introduction of the new product. The correct answer is option c.

Net present value (NPV) is a standard method for assessing a long-term capital investment. It's utilized to assess the present value of expected cash inflows and outflows over time. The net present value is the present value of cash inflows minus the present value of cash outflows.

A positive net present value indicates that the present value of cash inflows is greater than the present value of cash outflows. A negative net present value indicates that the present value of cash inflows is less than the present value of cash outflows. It indicates that an investment is not expected to earn its required rate of return.

The loss of sales of existing products due to the introduction of the new product will lower the net present value of the project because it represents a reduction in cash inflows.

The net present value of the project is decreased as a result of this. When considering the introduction of a new product that requires an investment in new machinery, this factor should be taken into account.

Thus, the correct answer is option c.

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Complete Question

you are considering the introduction of a new product that will require an investment in new machinery. which one of these will lower the net present value of that project? group of answer choices

a. reduction in the firm's total variable costs due to the purchase of the new machine

b. a loss of sales of existing products due to the introduction of the new product

c. the increase in annual depreciation resulting from the asset purchase the sale of the machine after it is fully depreciated g

a country, with a lot of natural resources, certainly have a high gdp per person yes, because it is the main determinant of productivity

The most commonplace indicator used to measure and examine economic overall performance is Gross domestic Product (GDP). It looks at profits, however says not anything about wealth and assets that underlie this earnings. for instance, the exploitation of mineral assets increases GDP but certainly depletes the wealth of any given united states of america.herbal assets have a double-edge effect on financial boom, in that the intensity of its use increases output, but increases its depletion rate. natural resource is a key enter within the manufacturing method that stimulates monetary increase

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Limited partners are restricted to investors. - Don't run the company. - are exempt from debt liability. By law, limited partners who do so become general partners.

Nonetheless, in a limited partnership, the general partners are still individually accountable for the debts of the partnership. In order to establish a limited partnership in California, certain registration requirements must be satisfied.

Each general partner is totally responsible for the company's debts. Each limited partner's liability is capped at his capital investment in the company. Each general partner is a representative of the limited partnership and has the authority to administer the company.

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1. Net operating income is 60,480

2. Degree of operating leverage is 5 , 10

3. The industry in which Morton Company operates is quite sensitive to cyclical movements in the economy. Option B is correct.

4. New break even point in dollar sales is $1,209,600.

1. Per unit calculation = amount/number of units

⇒                                = amount/42,000

⇒ Current variable expenses = $16.80 per unit. New variable expenses ⇒                                             = 16.8 - 7.20 = 9.60 per unit.

⇒ Total variable expenses = amount per unit * total number of units

⇒                                   = 9.60*42,000 = $403,200

% are shown as % of sales [Solved in chart(attached image)]

Net operating income = 60,480      

2. Degree of operating leverage = Q*(P-V)/Q*(P-V)-F

Present: 42,000*(24-16.8)/42,000*(24-16.8) - 241,920

⇒                       = 302,400/302,400-241,920  

⇒                       = 302,400/60,480

⇒                       = 5

Proposed: 42,000*(24-9.60)/42,000*(24-9.60) - 544,320

⇒                      = 604,800/60,480

⇒                         = 10

b. Break even point = Fixed cost/(unit price-variable unit cost). This formula will give us break even in units. Break even in $ terms will be breakeven in units*price per unit

Present: 241,920/(24-16.8)

⇒             = 33,600 units.

⇒ Breakeven in $ sales = 33600*$24

⇒                                    = $806,400

Proposed: 544320/(24-9.60)

⇒                           = 37,800 units.

Breakeven in $ sales = 37800*$24

⇒                               = $907,200

c. Margin of safety = the amount of sales that are above the break-even point

⇒  Present: Margin of safety in $ = sales - breakeven

⇒                             = 1,008,000 - 806,400

⇒                             = $201,600

in % = margin of safety in $/actual sales

⇒            = 201600/1008000

⇒             = 20%

Proposed: Margin of safety in $ = sales - breakeven

⇒                                    = 1,008,000 - 907,200

⇒                                    = $100,800

in % = margin of safety in $/actual sales

⇒            = 100800/100800

⇒            = 10%

3. As a manager, the factor that would be paramount in my mind in deciding whether to purchase the new equipment would be the cyclical movements in the economy. As the new equipment is resulting in a higher contribution margin, cyclical movements of the industry would be paramount. Morton Company would stand to gain only if the volumes are very high to offset the increased fixed costs. Option B is correct.

4.  Price per unit  = 24.

⇒   New sales = 42,000 units*1.5

⇒                     = 63,000 units.

sales in $ = 63,000*24

⇒                = 1,512,000.

⇒        Fixed expenses = 302400.

⇒    Net operating income = 60480*1.25

⇒                                      = $75,600

⇒   Now, sales - variable expenses - fixed expenses = net operating income

or

⇒    1,512,000 - variable expenses - 302,400 = 75,600

or

⇒     variable expenses = $1,134,000.

⇒     Variable costs per unit = 1,134,000/63,000 = $18

Thus breakeven in units = 302400/(24-18)

⇒                                      = 50,400 units.

Thus breakeven in $ sales = 50,400 units*$24

⇒                                          = $1,209,600

Therefore, the company needs to carefully consider the costs and benefits of purchasing the new equipment before making a decision.

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Option (d), An indicator of a successful acquisition is the purchasing company's financial flexibility.

The two primary criteria of success are the price of the acquisition and the value produced. Particularly when taking over publicly listed companies is involved, too many acquisitions fall short of these conditions. Be cautious until there are strong tactical and financial arguments to the contrary.

Free cash flow is a measure of a company's capacity to adjust its finances. A company's ability to respond to investment opportunities like strategic acquisitions increases with the amount of free cash flow it produces.

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The readers should be careful to avoid drawing broad conclusions from one month's worth of data.

The Employment Situation Report for a given month is released by the US Bureau of Labor Statistics every month. Here are some precautions one should take when reading the Employment Situation Report for a given month:

1. Changes in total nonfarm employment are volatile, so one should focus less on one month's number than on an average over several months.

2. Because revisions to the nonfarm employment estimate can be substantial, one shouldn't read too much into the number for any one month.

3. The implication of the unemployment rate regarding slackness in the labor market is not entirely clear, as estimates of the natural rate of unemployment vary somewhat over time.

4. Since the report is issued by the federal government, the job numbers are often manipulated by officials for partisan gain and so should be taken with a grain of salt.

The Employment Situation Report is a crucial source of data for assessing the state of the US economy.

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Activities relate to specific products and typically must be carried out regardless of how many batches or units of the product are manufactured are called Product-level activities.

What are Product-level activities?

Product-level activities are activities that are performed regardless of how many units or batches of a product are produced. A company's product line has a direct impact on these types of activities.

The direct costs of creating a product are included in product-level activities. The following are examples of Product-level activities that relate to specific products:

Creating a product design

Engineering, product planning, and design

Marketing activities that are product-specific

Handling of product orders and customer inquiries specific to the product

Development of product packaging and literature

What is a batch?

A batch is a collection of items that are produced at the same time in the same way as a set.

For example, a bakery may make a batch of 50 loaves of bread. A batch might also refer to a group of items produced during the same process, such as a batch of printed labels.

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The activity that relates to specific products and typically must be carried out regardless of how many batches or units of the product are manufactured is called "Setup activities."

Setup activities are activities that relate to specific products and typically must be carried out regardless of how many batches or units of the product are manufactured. They involve the setup of equipment, machines, and workstations to make them ready for a particular product or batch. The setup activities are incurred every time a production changeover occurs, and it can't be avoided. In manufacturing, the time and cost required to set up a machine for production are critical factors. A quicker setup time means that more items can be produced during a single production run, which increases productivity and decreases costs. Companies may lose money when they have many setup activities since they take a significant amount of time and resources to complete. Therefore, companies strive to streamline and reduce setup times by optimising setup activities to improve productivity and reduce costs.

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The Employees' Retirement Fund of Sweetwater had assets of $6,751,000 and liabilities of $944,000 as of June 30, 2020. It earned $1,435,000 in investment income and paid out $890,000 in benefits. The fund purchased $780,000 in new investments and realized a $42,000 loss on its stocks.

Based on the information provided, the Statement of Fiduciary Net Position for the City of Sweetwater Employees' Retirement Fund as of June 30, 2020 is

City of Sweetwater Employees' Retirement Fund Statement of Fiduciary Net Position As of June 30, 2020

Assets:

Cash $ 461,000

Accrued Interest Receivable 45,000

Investments, at Fair Value:

Bonds 4,528,000

Common Stocks 1,080,000

Total Assets 6,114,000

Liabilities:

Accounts Payable and Accrued Expenses -0-

Fiduciary Net Position Restricted for Pensions $6,114,000

Changes in Fiduciary Net Position for the Year Ended June 30, 2020:

Additions:

Contributions:

Member contributions $ 275,000

City's General Fund contributions 800,000

Investment Income:

Interest Income 280,000

Dividends 40,000

Total Additions 1,395,000

Deductions:

Benefit payments:

Annuity benefits 730,000

Disability benefits 160,000

Refunds to terminated, nonvested participants 79,000

Administrative expenses -0-

Total Deductions 969,000

Net Increase 426,000

Fiduciary Net Position Restricted for Pensions, July 1, 2019 5,635,000

Fiduciary Net Position Restricted for Pensions, June 30, 2020 $6,061,000.

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_____The given question is incomplete, the complete question is given below:

The City of Sweetwater maintains an Employees’ Retirement Fund, a single-employer defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined contributions from the city’s General Fund and by contributions from employees. Administration of the retirement fund is handled by General Fund employees, and the retirement fund does not bear any administrative expenses. The Statement of Fiduciary Net Position for the Employees’ Retirement Fund as of July 1, 2019, is below stated: CITY OF SWEETWATER Employees’ Retirement Fund Statement of Fiduciary Net Position As of July 1, 2019 Assets Cash $ 130,000 Accrued Interest Receivable 55,000 Investments, at Fair Value: Bonds 4,500,000 Common Stocks 1,300,000 Total Assets 5,985,000 Liabilities Accounts Payable and Accrued Expenses 350,000 Fiduciary Net Position Restricted for Pensions $5,635,000 During the year ended June 30, 2020, the following transactions occurred: The interest receivable on investments was collected in cash. Member contributions in the amount of $275,000 were received in cash. The city’s General Fund also contributed $800,000 in cash. Annuity benefits of $730,000 and disability benefits of $160,000 were recorded as liabilities. Accounts payable and accrued expenses in the amount of $950,000 were paid in cash. Interest income of $235,000 and dividends in the amount of $40,000 were received in cash. In addition, bond interest income of $45,000 was accrued at year-end. Refunds of $79,000 were made in cash to terminated, nonvested participants. Common stocks, carried at a fair value of $500,000, were sold for $475,000. That $475,000, plus an additional $305,000, was invested in stocks. At year-end, it was determined that the fair value of stocks held by the pension plan had decreased by $42,000; the fair value of bonds had increased by $33,000. Nominal accounts for the year were closed. Required: Prepare a Statement of Fiduciary Net Position for the Employees’ Retirement Fund as of June 30, 2020.

When sensitivity and formality are essential in a message being sent outside the organization, the best channel to use is a business letter.

Business letters are a primary channel of communication for delivering messages to recipients outside of an organization. They are powerful tools that can project a positive image of your company, encourage product feedback, and promote future business.

Check all that apply:

A persuasive, well-considered presentation is important. Recipients are located in another country. Confidentiality is paramount.The information requires fact-checking. Business letters are used when sensitivity and formality are essential in a message being sent outside the organization.

It is important to select the right communication channel to deliver a message. Business letters can be used in situations where recipients are located in other countries , persuasive, well-considered presentation is important, confidentiality is paramount, and information requires fact-checking.

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The production possibility curve depicts the level of goods and services produced by the economy. As a result, the production possibility curve depicts the actual GDP produced by the economy. As a result, option A is right.

Actual GDP reflects the level of output in the economy.

The production possibilities curve (PPC) is a graph that depicts all of the possible output combinations given existing resources and technology. The PPC, also known as the production possibilities frontier (PPF), depicts scarcity and tradeoffs.

Curve of Production Potential Example: If watermelons must be produced in greater quantities, pineapple output must be reduced. 

Point C on the graph indicates that if watermelons must be produced in 45,000 units, the corporation can only deliver 85,000 pineapples.

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Based on the provided information, it appears that the Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. Therefore, flexibility should be a top priority when ranking the vendors.

Using this criteria, the vendor rankings would be as follows:Vendor D - This vendor appears to have the highest level of flexibility, as they have the fewest customer issues and have shipped the most quantity on time.Vendor K - While they have shipped slightly fewer quantities on time than Vendor D, they have the fewest customer issues, indicating a high level of customer satisfaction.Vendor V - This vendor has shipped the most quantity overall, but has a slightly higher number of customer issues and has not shipped as consistently on time as the top two vendors.Vendor P - This vendor has the highest number of customer issues and has not shipped as much quantity or as consistently on time as the other vendors. Vendor D appears to be the best option based on the provided information, due to their high level of flexibility and ability to ship products on time with few customer issues.

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Trade barriers are the restrictions on imports and exports, thus the correct answer is restrictions on imports.

Trade barriers refer to the measures and policies that restrict or obstruct international trade by controlling the flow of goods, services, and capital between countries. Trade barriers include various types of restrictions on imports and exports, such as tariffs, quotas, subsidies, embargoes, and standards.

They are designed to protect domestic industries, promote local production, and reduce imports.Trade barriers have a significant impact on international trade and can affect economic growth, employment, and consumer prices.

Therefore, countries are encouraged to reduce trade barriers and promote free trade to increase economic efficiency and competitiveness.

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The country C's GDP be in 10 years $504635.

The economy grows at a rate of 1% every year, we need to calculate what will country C's GDP be in 10 years.

Using the formula of compounding annual growth rate, which is given by

FV = PV × [tex](1 + r)^n[/tex]

Where,

FV = Future Value PV = Present Value r = Rate of interestn = Number of years

We know that

PV = $456,987

r = 1% = 0.01n = 10 years

Substituting the given values in the above formula, we get

FV = 456987 × (1 + 0.01)10

     = 456987 × 1.104622

     = 504,635.47

Therefore, country C's GDP will be $504,635.47 in 10 years when rounded off to the nearest whole number.

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