To find Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2024, we need to calculate the bad debt expense for the year and adjust the allowance accordingly.
Given information:
Accounts receivable at December 31, 2023 = $481,000Allowance for uncollectible accounts at December 31, 2023 = $1,620Credit sales during 2024 = $315,000Collections during 2024 = $308,000Accounts receivable written off during 2024 = $1,870First, let's calculate the bad debt expense for 2024 using the given estimation of 0.30% of credit sales:
Bad debt expense = Credit sales * Bad debt expense rateBad debt expense = $315,000 * 0.003Bad debt expense = $945Next, we need to adjust the allowance for uncollectible accounts. We start with the previous balance and make the necessary adjustments:
Adjusted allowance for uncollectible accounts = Previous balance + Bad debt expense - Accounts receivable written offAdjusted allowance for uncollectible accounts = $1,620 + $945 - $1,870Adjusted allowance for uncollectible accounts = $695Therefore, Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2024, is $695.
About final balance
Final balance is a term that refers to balancing or balancing the rotation of tires and wheels that are done directly on the wheels of the vehicle. The advantage of this balancing is that it can overcome the problem of the vibrating steering wheel which usually occurs when the car is traveling above 100 km/hour
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process
The public source of information is used in the purchase decision process by Sophia.
What is a public source of information?A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.
The public source of information are access through:
internet search means.information service subscription.materials created and sent to members of the public.In conclusion, the public source of information is used in the purchase decision process by Sophia.
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Help please
Bob has a collision deductible of $500. He has Bodily Injury
Liability coverage limit of $25,000. He hits another driver and injures her severely.
The case goes to trial and there is a verdict to compensate the injured person for $40,000
a. How much does Bob have to pay?
b. How much does his insurance pay?
If the price of peanut butter for peanut butter and jelly sandwiches
increases, the supply for PB&J sandwiches will ?
I know the answer is decrease but can someone explain to me why it’s decrease instead of increase ?
Answer: decrease
Explanation:
It will decrease because when the price goes up it will make people not want to buy it because they used to be able to buy it for cheaper. For example if a soda was $1.99 and they then raised the price to $3.00 would you want to buy it as much? No, probably not unless you were truly thirsty but even still if someone raised the price and there was a cheaper option you would go with the cheaper option because it's the same thing but differently priced. People tend to buy things when they are cheaper or on sale rather than at their original price and that's why some stores use pricing to trick you. They say something is on sale but in reality it costs just the same as the original price or sometimes more than that. They do this to compete and to get money out of you.
Which level of government funds the health care available to Native American tribes and Alaskan Natives
OA. state
OB. federal
OC. local
O D. tribal
Answer:
Explanation:
The Federal Government
isabella’s landlord has included a clause in the rental contract that makes it possible for him to increase isabella’s monthly rent if taxes on the property go up. which clause was included in the contract?
Answer:
Escalator clause
Explanation:
Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,335. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 > Record the period-end adjusting entry.
The terms we need to include are beginning inventory, ending inventory, and cost of goods sold.
For recording the period-end adjusting entry:
1. Determine the beginning inventory: As stated in your question, the company has no beginning inventory. Therefore, beginning inventory is $0.
2. Determine the ending inventory: According to your question, the ending inventory has a cost of $2,335.
3. Record the period-end adjusting entry: Since the company has no beginning inventory, the entire cost of goods sold for the period is equal to the ending inventory value. The adjusting entry will involve debiting the cost of goods sold account and crediting the inventory account.
The journal entry worksheet would look like this:
< 1 > Record the period-end adjusting entry:
Debit: Cost of Goods Sold - $2,335
Credit: Inventory - $2,335
This entry records the cost of goods sold for the period ending August 31 and adjusts the inventory account to reflect the ending inventory value.
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Why are food trucks' costs typically lower than those of a traditional brick-and-mortar
restaurant?
Answer:
Being mobile, food trucks can simply drive to a more profitable site if a location is not cutting it. Food trucks don't bear the larger overhead of brick-and-mortar restaurants. The costs of wide-ranging staff, utilities and property taxes of typical brick-and-mortar restaurants can really stack up.
Washington has an extensive collection of baseball cards. He wants to know how much his mint condition, rookie-year Hank Aaron card is worth. How might he determine the card’s current market value?
Explanation:
It is recommended by some to determine a card's current market value of by determining whether the card has been professionally graded by the Professional Sports Authenticator, if yes, then one can check up the value on the Sports Market Report (SMR).
However, the Hank Aaron card is Estimated to have a PSA 9 Mint Value of $17,500.
Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
FILL IN THE BLANK. Giving hr managers full control access to files in a folder called hr policies while giving hr representatives read-only access to the files in the same hr policies folder is an example of ___ access controls
Giving HR managers full control access to files in a folder called HR policies while giving HR representatives read-only access to the files in the same HR policies folder is an example of role based access controls.
What is role based access control?It is a term in computer system security which means giving the right access to the authorized users only. The role based access control restricts the access to the system for unauthorized users, so it secures the system from unwanted changes. The role based access control involves certain permission settings and privileges based on what is the role of the users and whether the user is an authorized personnel to perform any change to the system or data.
Your question is incomplete, but most probably the answer choice were:
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Javier believes he works much harder than his colleague Berta. Javier has just gone to his manager and is very upset. He believes it is unfair that Berta received a larger salary increase than he did. Which ethical principal is reflected in Javier’s behavior?
A) Utilitarianism
B) Individual Rights
C) Distributive Justice
D) Ethics Of Care
The ethical principle that is reflected in Javier’s behavior is Distributive Justice. Distributive justice is an ethical principle that refers to an equitable distribution of resources, goods, and benefits within a society. It implies that the distribution of resources should be based on merit, effort, and contribution rather than on factors like race, gender, and social class.
Javier’s behavior reflects the ethical principle of distributive justice. This principle is based on the concept of equity, which means that individuals should be treated fairly and that the distribution of resources should be based on merit, effort, and contribution rather than on arbitrary factors like race, gender, and social class. Distributive justice is concerned with ensuring that there is a fair distribution of resources within a society or an organization.
Javier’s belief that he works much harder than Berta suggests that he believes that the distribution of resources, including salary increases, should be based on merit and effort. He believes that he should receive a larger salary increase than Berta because he has worked harder. This is consistent with the principle of distributive justice because it implies that resources should be distributed based on merit and effort rather than on arbitrary factors like favoritism or seniority. Therefore, the ethical principle that is reflected in Javier’s behavior is distributive justice.
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what should you include in the closing of a direct claim message? a statement that promotes goodwill and a summary of your request a clear statement of the problem a series of open-ended questions
A statement that promotes goodwill and includes an end date and action request needed to be included in the closing of a direct claim message.
A coverage claim letter is an important part of any insurance claim method. It helps the permitted insurance adjuster understand how lots money you're soliciting for to cover the harm. At minimal the letter must encompass records about the coincidence, the policy variety, the date of loss, and the amount claimed.
A claim letter is a persuasive letter despatched with the aid of a client to a enterprise or corporation to pick out a trouble with a services or products and can also be referred to as a letter of grievance.
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the investment demand curve will shift to the right as the result of
The investment demand curve will shift to the right due to "the availability of excess production capacity."
This is based on the idea that when the production capacity increases, the investment demand also increases.
This situation is established because the firms would want to invest more as the production capacity increases, resulting in more revenue and profits.
Hence, in this case, it is concluded that the demand for supply or goods drives up demand for more investment.
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Question on Audit & Assurance
Question 1)
The firm of Bureck & Co, where you work as an audit senior, is a Chartered Certified Accountants. After the senior on the engagement falls ill, you are temporarily appointed as audit senior to the audit of Sultana Co, a scaffolding supplier to the construction industry. Currently, you and the junior members of your audit team are analysing the audit files and discussing the audit as it nears completion for the year ending 30 September 2021 for Sultana Co. The draught financial accounts of Sultana Co. show revenues of £12.5 million, a net profit of £400,000, and total assets of £78 million.
After going through the audit files, you've discovered the following information.
Cherry Co, a major customer with whom Sultana Co has several substantial contracts, declared bankruptcy after the end of the year. Efforts to wind down the business have already begun. There are administrators who believe that the corporation can pay about 25 percent of the debt to Sultana Co. This customer has a trade receivable of £300,000 on Sultana Co's financial statement. The audit's management has also been questioned by a member of the audit team who is a junior. The following is what the junior said.
‘Prior to being assigned to the audit team of Sultana Co., I had only worked on two other projects' Despite my expectations, there was no pre-audit meeting where the partner and other senior auditors would discuss the audit. Another problem is that a senior audit manager has been in charge while the audit manager has been on vacation for three weeks and has been replaced. As a result of this, the senior could not always be contacted.'
"I was tasked with auditing the goodwill resulting from an acquisition made during the year." I also participated in the inventory audit and count, which was quite complicated because Sultana Co has a substantial amount of ongoing projects. I endeavoured to be as helpful as possible during the count and assisted the client's staff in counting a portion of the raw materials. As I had participated in the inventory count, the audit senior requested that I question the finance director about the adequacy of the provision against inventory, which the senior felt was grossly understated.
'Finally, we discovered that we were out of time to complete our audit procedures. As a means of saving time, the audit senior advised that we reduce the sample sizes used in our tests. When conducting audit sampling, he also suggested that we select items that would be easy when carrying out audit sampling'
Required:
a) comment on the issues to be taken into consideration as well as an explanation of the audit evidence you can expect to find when reviewing Cherry Co's trade receivable file is required. (6marks)
(b) Analyze the issues of the audit junior on the audit management of Sultana Co. (14 marks)
a) The issues include the impact of Cherry Co's bankruptcy, recoverability of the outstanding amount, and the need for impairment provision
b) While concerns involve the absence of a pre-audit meeting, challenges in contacting the senior audit manager, limited experience of the junior, and suggestions to reduce sample sizes and select easy items during audit sampling.
How should the review of Cherry Co's trade receivable file be approached considering bankruptcy, recovery rate, and provision?Furthermore, what concerns are raised by the audit junior regarding the audit management of Sultana Co?When reviewing Cherry Co's trade receivable file, several factors need to be taken into consideration.
Firstly, the bankruptcy of Cherry Co raises concerns about the collectability of the trade receivable. The estimated recovery rate of 25 percent provided by the administrators should be assessed for reasonableness and its impact on the financial statements evaluated.
Secondly, the adequacy of the provision for doubtful debts needs to be examined. Given the uncertain nature of the receivable, it is important to assess whether the provision reflects the potential credit losses accurately.
The audit team should review the supporting documentation, correspondence with Cherry Co, and assess any subsequent events that may affect the collectability of the debt. This review will provide the necessary audit evidence to evaluate the recoverability of the trade receivable.
Additionally, discussions with the administrators can provide valuable information regarding the financial status of Cherry Co and the likelihood of recovery. The auditor may need to consult legal opinions and expert advice to evaluate the recoverability of the debt accurately. Based on this assessment, appropriate adjustments and provisions should be made to reflect the potential loss arising from Cherry Co's bankruptcy.
The concerns raised by the audit junior regarding the audit management of Sultana Co highlight several issues that need to be analyzed. Firstly, the absence of a pre-audit meeting where the partner and senior auditors discuss the audit raises questions about the adequacy of planning and coordination.
This lack of communication can hinder the efficient execution of the audit and compromise the quality of the work performed. Secondly, the prolonged absence of the audit manager and the challenges in contacting the senior audit manager raise concerns about the availability and accessibility of key personnel for guidance and supervision during the audit.
In analyzing these issues, it is essential to assess whether proper planning, supervision, and delegation of responsibilities were in place, and whether the assigned personnel had the necessary competence and experience.
Additionally, it is crucial to evaluate the impact of these issues on the audit's overall effectiveness, the reliability of the audit evidence obtained, and the accuracy of the financial statements.
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Define ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
Andre eams $4000 a month at his new job. In order to track his spending and saving, he created a monthly budget. Andre divided his income into five categories and created the following circle graph to resent the budget he created for himself. Use this circle graph to answer the following questions Monthly Budget Other, 22% Rent 33% Savings 25% utilities 8% Groceries 12%, How much more money does Andre budget for savings than for groceries and utilities? How much more money does Andre budget for savings than for groceries and utilities? write your answer as a dollar amount.
Answer:
Total income: $4,000
Other (22%) = $4,000 * 0.22 = $880
Rent (33%) = $4,000 * 0.33 = $1,320
Savings (25%) = $4,000 * 0.25 = $1,000
Utilities (8%) = $4,000 * 0.08 = $320
Groceries (12%) = $4,000 * 0.12 = $480
How much more money does Andre budget for savings than for groceries and utilities?
As seen above, Andre spends $800 in groceries and utilities ($320 + $480), and he sets aside $1,000 for saving, so he budgets $200 more for this purpose.
What payment plans do qualify for PSLF?
To maximize your PSLF benefit, repay your loans on the Income-Based Repayment (IBR) Plan, the Pay As You Earn Repayment Plan, or the Income Contingent Repayment (ICR) Plan, which are three repayment plans that qualify for PSLF.
The short definition of a loanWhen money is provided to someone else with the understanding that it would be returned along with interest, this is referred to as a loan. Before evaluating whether or not to extend credit to a potential borrower, lenders will take into account their income, credit history, and level of debt.
What do loans and examples mean?To borrow money from a bank or other financial organization is to take out a loan. The Borrower promises to repay the Loan in full, including all accrued interest. Car loans, student loans, and mortgages are just a few of the different kinds of loans available.
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answer this question plz I don't know it
Answer:
1st: a
2nd: a
3rd: a
Explanation:
Answer:
share with your parents and other family members about this lesson your family may be interested about your atory your trimphs and struggles use this lesson on developing your academic andpersonal social skills your strengths and weaknesses can be a factor that can influence your decisions in the future
Wetlands help reduce erosion through _______.
Answer:
Wetlands reduce water erosion by trapping sediments.
discuss the negative impact that crime has on businesses
Answer:
Crime has a significant negative impact on businesses around the world. It not only affects the business owner but also their employees and customers. The following are some of the ways in which crime impacts businesses.
Firstly, theft and burglary are common crimes that affect businesses. Thieves and burglars target businesses in the hope of making quick profits. The result is a loss of valuable and expensive equipment, inventory, and cash. Businesses can lose thousands of dollars due to theft and burglary. This loss often cannot be recovered, which affects the financial stability and profitability of the business.
Secondly, vandalism is another crime that affects businesses. Vandalism involves the destruction of property or assets and can happen for a variety of reasons, including revenge, vandalism, and theft. Such damage can be expensive to repair and can create a negative perception of the business in the eyes of its customers.
Thirdly, cybercrime is a modern type of crime that has significant effects on businesses. Many businesses now use technology for their day-to-day operations, which makes them vulnerable to cyber-attacks. Cybercriminals can attack a business's website, its payment systems, or email accounts, stealing sensitive information such as customer data, financial records, and intellectual property. Such attacks can lead to reputational damage and loss of trust, which ultimately affects the success or failure of the business.
Lastly, crime can create a sense of fear among employees and customers, which can lead to reduced sales and lower-levels of productivity. When employees are scared to come to work, they may call in sick or even quit their jobs, which makes it harder to run the business. Similarly, when customers perceive an unsafe environment, they often avoid returning to a particular business, which can also have a significant impact on the overall revenue of the business.
In conclusion, it's clear from the above that the negative impact of crime on businesses is significant. Business owners should take preventative measures to secure their premises, information, and employees, to protect the business from financial losses, reputational harm, and loss of clients. Moreover, the government must create policies to tackle crime and provide a safe environment for businesses to thrive.
Explanation:
hope i helped
Bill thought he had received the best deal on his riding mower. Shortly after the purchase, Bill started to notice certain disadvantages of his new riding mower as he learned more about other riding mowers available in the same price range. Bill is in which of the following stages of the buyer decision process?
a. purchase decision
b. need recognition
c. postpurchase behavior
d. information search
e. alternate evaluation
Suppose that the nation of kerblopistan has a money supply of $1,000, a velocity of 2, and a real gdp of $40. What is the price level?.
A price index is a figure whose movement corresponds to changes in the median price level.
Here, The price level = 50.
What means price level?The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.A price index is used by economists to gauge the price environment. A price index is a figure whose movement corresponds to changes in the median price level.The cost of goods and services, as well as the purchasing power of money, are significantly influenced by price levels..money supply × velocity of money = price level × Real GDP
price level = \(\frac{money supply × velocity of money}{real GDP.}\)
= 1000 x 2 /40 =50.
the price level =- 50.
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carmen camry operates a consulting firm called help today, which began operations on december 1. on december 31, the company’s records show the following selected accounts and amounts for the month of december.
Cash: $4,000 - This amount represents the total cash receipts for the month, including any money collected from customers, payments received from vendors, and any other sources of cash.
Accounts Receivable: $6,000 - This amount represents money that Carmen Camry's consulting firm is owed by customers for services rendered in the month of December.
Accounts Payable: $3,000 - This amount represents money that Carmen Camry's consulting firm owes to vendors for expenses incurred in the month of December.
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A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answer:
see the answer
Explanation:
I think It is A
an online auction is based on the _____ business model of e-commerce.
An online auction is based on the C2C (consumer-to-consumer) business model of e-commerce.
In a C2C model, consumers buy and sell goods or services directly with each other, without the involvement of a middleman or business entity.
Online auctions, such as eBay, allow individual sellers to list items for sale and buyers to bid on those items. The seller is responsible for shipping the item to the buyer and completing the transaction.
This type of e-commerce model has become increasingly popular due to its convenience, low cost, and accessibility. In addition to online auctions, other examples of C2C e-commerce include classified ads, peer-to-peer lending, and online marketplaces for services like Airbnb or Uber.
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Indicate whether the following events would cause an "increase or a decrease in demandLOADING..." or an "increase or a decrease in the quantity demanded" for cable-based Internet access service, which is a normal good. a. Firms providing wireless (an alternative to cable) Internet access services reduce their prices. This will cause a(n) A. increase in demand. B. increase in quantity demanded. C. decrease in demand.
Answer:
A. increase in demand.
Explanation:
In this specific scenario, a reduction in the prices of these services would cause an increase in demand. This is because the prices will become very competitive to those already in the market, which will ultimately entice customers to want the service as they will be saving a large percentage of money and still acquire the internet services that they require.
On what ideology is Blake and Mouton’s Managerial/Leadership Grid based? (BLANK) theory suggests that traits are inherent, while conduct can be taught.
The Blake and Mouton’s managerial grid is based on the concern for production(tasks) and concern for people(relationships). The Great man theory suggests that traits are inherent, while conduct can be taught.
What do you mean by Blake and Mouton's managerial grid and Great Man Theory.As per the Managerial Grid, developed by Robert Blake and Jane Mouton, five different types of leadership based on their concern for the production and concern for the people are located in four quadrants.. According to the Great Man Theory leaders are born with the right traits and abilities for leading – charisma, intellect, confidence, communication skills, and social skills.
The concern for production is illustrated on the horizontal axis of the managerial grid and production became more important to the leader as his rating advances on the horizontal scale.
The Great Man Theory of Leadership emphasizes that great leaders are born, not made. These individuals come into the world possessing certain characteristics and traits not found in all people.
The Managerial grid is a useful device for identification and classification of managerial styles.
The essence of the Great Man Theory lies in the fact that those in power deserve to lead because of the traits they have been endowed with.
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according to the proponents of evidence-based management (ebm), what does it mean to treat your organization as an unfinished prototype?
Evidence-Based Management (EBM) is an approach to decision-making which takes into account both quantitative and qualitative data to develop strategies and inform decisions. The concept of treating an organization as an unfinished prototype is based on the idea of using data and testing to improve and evolve. This approach encourages organizations to remain agile and open to experimentation in order to discover the most effective ways of working.
According to EBM proponents, treating an organization as an unfinished prototype means looking for opportunities to test and experiment with different strategies, processes, and policies to see which ones are the most effective. This is done with the understanding that the organization will never be “finished” and is always a work in progress. By constantly testing and iterating, an organization can better understand the most effective and efficient ways of working, enabling it to become more successful in the long run.
EBM advocates suggest that organizations should design and experiment on small scale, running tests with limited data in order to understand what works best. This approach is often referred to as ‘agile development’ and allows for rapid prototyping and learning from the results. By testing hypotheses in this manner, organizations can quickly determine the best strategies for meeting their objectives and the best ways of working for their teams. The process of testing and iterating can be used to constantly improve existing processes and create new ones.
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which of the following is true regarding subsidies and financial incentives to domestic firms? a they are illegal under national laws. b they hamper the expansion efforts of foreign firms. c there are taxes on the consumption of imports. d they are recommended by the wto to promote free trade. e they are intended to support the expansion of foreign firms.
Subsidies and financial incentives to domestic firms are often used by governments to support and promote their domestic industries. The correct answer for given question is D.
These measures can take various forms, such as tax breaks, grants, loans, and other financial incentives. They are intended to provide advantages to domestic firms and can impact international trade.
According to the World Trade Organization (WTO), subsidies are not necessarily illegal under national laws, and in fact, they can be used to promote free trade. The WTO provides guidelines and rules for the use of subsidies, including their regulation and disciplines to prevent their trade-distorting effects. However, there are certain circumstances under which subsidies may be considered illegal, such as when they are found to be causing harm to other WTO members' interests.
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They are recommended by the WTO to promote free trade. Subsidies and incentives are used to support domestic firms, not foreign firms. The correct answer is d.
The World Commerce Organization (WTO) recommends they encourage free commerce. Although they are not prohibited by national law, governments frequently employ subsidies and financial incentives to domestic companies to assist their home sectors.
Although they could affect the competitiveness of international businesses, they are not meant to obstruct their expansion plans. Tariffs, often referred to as import consumption taxes, are distinct from subsidies and incentives and are not always associated with promoting foreign businesses.
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