All of the following are countries included in the Central America Free Trade Agreement (CAFTA) EXCEPT:
A. United States
B. Nicaragua
C. El Salvador
D. Guatemala
E. Mexico
Answer: E
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Which of the following is the most common type of corporate structure that is used by accounting firms that operate in the U.S.?
A) a limited liability partnership B) a corporation C) a cooperative D) a sole trader
The term "Retained Earnings" is best explained by which of the following statements?
A. Money set aside for the redemption of bonds. B. A measure of capital generated through operating activities. C. Cash retained in a separate bank account designated for emergency uses. D. The difference between total revenue and total expenses in an accounting period.
An important factor in the global external environment that has become more evident in the past decade is the shortage of natural resources. Choose two different natural resources and describe how shortages of each of these resources affect global trade.
What will be an ideal response?
Assume that your total income for the current year is $35,000. Your total expenses, including taxes of $5,000, are $30,000. Your savings ratio is:
A. 7.5%. B. 10.0%. C. 12.5%. D. 13.3%. E. 16.7%.