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Internet Commerce: Chapter 1

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finance

For each of the following transactions, state whether the cost would be capitalized (C) or recorded as an expense (E). F. Paid $250 for routine maintenance

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finance

Data for Regal State Bank follow: $$ \begin{array}{lrr} \hline & \textbf{2016} & \mathbf{2 0 1 5} \\ \hline \text { Net income } & \$ 56,000 & \$ 47,200 \\ \text { Dividends-Common } & 16,000 & 16,000 \\ \text { Dividends-Preferred } & 16,000 & 16,000 \\ \text { Total Stockholders' Equity at Year-End (includes } & & \\ \quad 80,000 \text { shares of common stock) } & 770,000 & 580,000 \\ \text { Preferred Stock } & 220,000 & 220,000 \\ \text { Market Price per Share of Common Stock } & \$ \quad 16.50 & \$ \quad 11.00 \\ \hline \end{array} $$ Evaluate the common stock of Regal State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or decreased in attractiveness during the past year.

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finance

Hydro White Water Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 31, 2012, Hydro White Water incorrectly counted its inventory as $439,650 instead of the correct amount of$451,000. c. If uncorrected, what would be the effect of the error on the 2013 income statement?

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economics

Match the following terms to the correct definitions. A. Free trade B. Tariff of duty C. Protective tariff D. Revenue tariff E. Quota F. Voluntary export restraint G. Embargo H. Trade war I. Protectionism J. Offshoring K. Trade deficit L. Trade surplus M. Dumping N. Multinational corporation O. Retaliatory tariff P. Free trade zone Q. Euro R. Fair trade ________ 1. The common currency adopted by the European Union. ________ 2. A government-ordered ban on trade. ________ 3. Tariffs meant to protect domestic industries from the loss of consumers’ dollars to foreign competition. ________ 4. The amount by which expenditures on imports exceed receipts from exports. ________ 5. A limit on the amount of a good that can be imported. ________ 6. A type of business with operations in many countries. ________ 7. A tariff imposed to punish a trading partner’s trade policy. ________ 8. The practice of limiting trade. ________ 9. The practice of exporting goods at a price that is below the price in the exporting country. ________ 10. Taxes on imports. ________ 11. When a firm moves some of its operations to another country. ________ **12**. Self-imposed limits on exports. ________ 13. Trade with a focus on the equitable treatment of farmers and their communities. ________ 14. A tax that has as its primary purpose generating money for the federal government without necessarily limiting or aiding domestic producers. ________ 15. The amount by which receipts from exports exceed expenditures on imports. ________ 16. An area where there are few or no trade restrictions. ________ 17. An escalation of trade restrictions by trading partners. ________ 18. The exchange of goods and services between trading partners in the absence of government-imposed restrictions or charges.

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