Why is accounting important? Who governs accounting? How consistent is accounting among companies in the same industry? Can show an example of where accounting rules may be applied differently and yet consistent with GAAP? Why do we care as a society about accounting rules? Show by way of example, what happens when a company does not follow legitimate accounting practices.
Explain the value of financial ratios and why they are important? How are they used by companies, by investors, by analysts?
Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.
Write a minimum of 175 words:
Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
Do you agree with their assertions? Why or why not?
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