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2 years ago

An argument for trade tariffs is that it protects infant industries.

Business

1 answer:

3241004551 [841]2 years ago

4 0

Answer:

The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.

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During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasur

Aleonysh [2.5K]

Answer:

c. $ 2000

Explanation:

It is important to note that Kim can only claim losses for business related losses not personal losses.

business losses = $ 1000(business auto) + $ 1000(stock investment)

= $ 2000

Therefore, Kim can only claim $ 2000.

4 0

3 years ago

Hussain has a basic health insurance policy with the following specifications: $4,000 out-of-pocket maximum 10% co-insurance $1,

stich3 [128]

The amount of the $3,650 will be the heath care expenses that Hussain have to pay.

<h3>What is a basic health insurance policy?</h3>

This is a health benefits usually for low-income residents who are eligible to purchase coverage through the Health Insurance Marketplace.

This policy does not cover all the coverage under a standard health insurance policy.

The coverage of the basic health insurance policy only includes $5,000 emergency room bill for treatment of an injury and $100,000 for emergency hospitalization.

Hence, he wiil pay for $250 for an annual checkup, $450 to see an orthopedic specialist with a referral from his doctor, $3,000 for dental surgery.

Read more about basic health insurance

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6 0

2 years ago

Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would p

VikaD [51]

Answer:

Unilateral contract

Explanation:

A unilateral contract is one which is agreed to based on the performance of one party.

Simply put, a unilateral contract in one in which there is agreement based on performance.

From the above question, the carpenters performance determines the contract. If he fixes the job within Saturday, he gets $1,000. If he doesn't finish within saturday, the carpenter doesn't get $1,000. The 'saturday' is the conditon for the payment of $1,000.

7 0

3 years ago

World Company expects to operate at 80% of its productive capacity of 61,250 units per month. At this planned level, the company

yaroslaw [1]

Answer:

$2,880 unfavorable

Explanation:

A difference between the actual and estimated (budgeted) quantity of consumption of a product at standard rate

Formula for volume variance

Volume variance = (Actual quantity - budgeted Quantity) x Standard Rate

Budgeted Fixed overhead rate = $47,040 / $29,400 = $1.60 per direct labor hour

Budgeted Variable overhead rate = 355740/29400 = $12.10 per direct labor hour

Standard direct labor hour = ( 29,400 / 49,000) x 46,000 = 27600 direct labor hour

Fixed OH applied = 27,600 hours x $1.6 per direct labor hour = $44,160

Variable OH applied = 27,600 x $12.10 per direct labor hour = $333.960

Total overhead applied = $44,160 + $333,960 = $378,120

Budgeted Overhead = $47,040 + $333,960 = $381,000

Volume variance = Budgeted overhead - Total overhead applied

= 381,000 - $378,120 = $2,880 unfavorable

As actual production used more labor hours than estimated, so the volume variance is unfavorable.

8 0

3 years ago

Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39

Marina CMI [18]

Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.

<h3>How much dividend income was received?</h3>

The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.

The amount received is:

= Number of share x Number of quarters x dividend per quarter

= 580 x 2 x 0.39

= $452.40

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3 0

2 years ago