GATS differs from NAFTA in that GATS _______
A. specifically defines four basic modes of supply
B. does not allow its members to make their sector list restrictive
C. does not grant non-members the right to be free from performance requirements
D. does not deal with services generally, but rather by sectors.
A
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On December 31, Carmack Company's Prepaid Insurance account had a balance before adjustment of $6,000. The insurance was purchased on July 1 of the same year for one year of insurance coverage, with coverage beginning on that date. The adjusting entry needed on December 31 is:
A. Debit Insurance Expense $3,000; credit Prepaid Insurance $3,000. B. Debit Prepaid Insurance $6,000; credit Cash $6,000. C. Debit Insurance Expense $6,000; credit Accounts Payable $6,000. D. Debit Cash $6,000; credit Prepaid Insurance $6,000. E. Debit Insurance Expense $3,000; credit Accounts Payable $3,000.
When equipment is ordered by a department of the government, the purchase order should be recorded in the General Fund as a debit to:
A. Encumbrances. B. Expenditures. C. Equipment. D. Appropriations.
The weight of football players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds. The probability of a player weighing less than 250 pounds is
a. 0.4772 b. 0.9772 c. 0.0528 d. 0.5000
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32LProduct K84BSales$46,000 $27,000 Variable expenses$13,800 $14,670 Fixed expenses for the entire company were $42,550.The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $30,450 B. $42,550 C. $71,020 D. $69,754