Which one of statements about the trading blocs is correct

Assignment Help Financial Accounting
Reference no: EM132958830

Problem 1: During 2020-21 two important free trade areas began operating: RCEP (Regional Comprehensive Economic Partnership) in Asia Pacific and AfCTA (African Continental Free Trade Area) in Africa. Which one of the following statements about these trading blocs is CORRECT?

Group of answer choices

Option 1: Two of the largest economies in RCEP are the countries of India and UAE (United Arab Emirates)

Option 2: ALL the African countries, with the exception of one, are either signatory or full members of AfCFTA

Option 3: The RCEP is NOT a sizable economic bloc in the global trading system either in terms of GDP or trade volume

Option 4: AfCFTA is not expected to do much for alleviating poverty or for fostering trade in the region

Reference no: EM132958830

Questions Cloud

Calculate the time-weighted rate of return : What pieces of information above are not needed in order to calculate the Time-weighted rate of return (TWRR) over the period 1 February 2019 to 1 March 2021
Outline the key features of policies : Outline the key features of policies and procedures relating to processing. Journals are prepared accurately and completely, and items batched
Describe the role of music in medieval liturgical drama : Describe the role of music in medieval liturgical drama, religious ceremony, and secular life.: Compare the art of medieval Japan with that of
How much should be the carrying amount of the wasting assets : How much should be the carrying amount of the wasting assets to be presented in the statement of financial position as of December 31, 2021
Which one of statements about the trading blocs is correct : During 2020-21 two important free trade areas began operating, Which one of the statements about the trading blocs is CORRECT?
What are the advantages of group based incentive : What are the advantages of group based incentive in comparison to individual incentive in the manufacturing industry?
Create the project plan for implementation of hris : Unfortunately, in the last few years, the company had been allocating most of its IT budget to the sales and marketing division. This was used to create and lau
Why should use effective interest rate in notes receivable : Why should use effective interest rate in Notes Receivable? In the Initial Measurement of Notes Receivable present value prevailing market rate of interest
Compute for the diluted earnings per share : Ordinary share capital P100 par, 250,000 shares authorized, 100,000 shares issued = 10,000,000. Compute for the Diluted earnings per share

Reviews

Write a Review

Financial Accounting Questions & Answers

  Distinguishes tax shelter from tax planning

In 1934, Judge Learned Hand made the statement that a taxpayer, "[M]ay so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to i..

  Compute the tax payers total deduction for exemptions

In 2015, Dominique and Felix are married and file a joint Federal income tax return. Their AGI is $312,650, and they claim three dependency exemptions. Compute the tax payer’s total deduction for exemptions for the year

  How much is the total dividends for ordinary shares

If preference share is cumulative and fully participating, how much is the total dividends for ordinary shares? 6% Preference share capital, P100 par.

  Describe the three traditional instruments

Describe the three traditional instruments that may be used by the Federal Reserve to set monetary policy. Provide the suitable example

  Cost allocation theory through cost driversthe city of

cost allocation theory through cost drivers.the city of seattle reading lists a series of costs and associated cost

  What amount if any is deductible or reported on tax return

They paid their CPA during 2015 for income tax services - $200 amending for their 2013 tax return, $400 for amending their 2014 tax return, and $300 for tax planning advice related to the 2015 tax year. What amount if any is deductible or reported on..

  What is the pre-tax cost of debt on the newly issued bonds

Flotation costs on the new bonds are $80. If Reason, Corp. is in the 35% tax bracket, what is the pre-tax cost of debt on the newly issued bonds?

  What is the amount of interest expense recorded by pisa

Assuming that this lease is properly classified as a finance lease, what is the amount of interest expense recorded by Pisa, Inc. in the first year of the asset

  What should be average charge per customer

Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to..

  Determine the present value of year bonds payable

Determine the present value of 10?-year bonds payable with face value of $91,000 and stated interest rate of 12?%, paid semiannually.

  Explain the accounting treatment for the transaction

Explain the accounting treatment for the transaction on 30 September 2020 in respect of the printing machine with reference to the relevant accounting

  Shares of restricted stock to its executives

On January 1, 2014 (the date of grant), Lutz Corporation issues 2,780 shares of restricted stock to its executives. The fair value of these shares is $78,300, and their par value is $11,400. The stock is forfeited if the executives do not complete 3 ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd