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4 years ago

A downfall of the infant-industry argument is that

1 answer:

8 0

A downfall of the infant-industry argument is that once established, a tariff is politically difficult to remove.
For new industries, it almost impossible for a new startup to compete against a well-established industry unless they have a unique differentiation in their product.

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All of the following are characteristics of perfect competition EXCEPT Group of answer choices many buyers and sellers. lack of

Greeley [361]

Answer:

The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.

6 0

2 years ago

Which of the following are examples of automatic stabilizers? Check all that apply. As corporate profits rise during an economic

hoa [83]

Answer:

As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates

Explanation:

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

6 0

3 years ago

While preparing your risk responses, you identify additional risks. What should you do? Add reserves to the project to accommoda

saw5 [17]

Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.

Explanation:

Risk response refers to the development of strategic options to reduce the threats and enhance opportunities to the objectives of the project.

It should be noted that when new risks are identified, such risks go through the process of risk management and one needs to be able to know the risk probability and risk impact and then get to curtail them.

8 0

3 years ago

Management at Gordon Electronics is considering adopting a bonus system to increase production. One suggestion is to pay a bonus

tekilochka [14]

Answer:

4,099 units or more

Explanation:

The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.

The standardized value of the variable X is called Z and is calculated with the formula:

$Z=\dfrac{X-\mu}{\sigma}$

Where:

$\mu=mean=4,000$

$\sigma=standard\text{ }deviation=60$

You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).

Substituting in the formula for Z:

1.645 = (X - 4,000) / 60

X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099

Hence, the bonus will be paid on 4,099 units or more.

3 0

3 years ago

Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The follow

taurus [48]

Answer:

a. raw materials purchases

raw materials 505,000 debit

account payable 505,000 credit

b. direct materials usage

Weaving WIP 304,000 debit

Sewing WIP 84,000 debit

Raw Materials 388,000 credit

c. indirect materials usage

Factory overhead 164,000 debit

Raw Materials 164,000 credit

d. direct labor usage

Weaving WIP 1,275,000 debit

Sewing WIP 485,000 debit

Wages Payables 1,760,000 credit

e . indirect labor usage

Factory overhead 1,525,000 debit

Wages Payables 1,525,000 credit

f. other overhead costs

Factory Overhead 186,000 debit

Other Account Payable 186,000 credit

g. overhead applied

Weaving WIP 1,083,750 debit

Sewing WIP 751,750 debit

factory Overhead 1,760,000 credit

h. payment of total wages costs.

Wages Payable 3,285,000 debit

Cash 3,285,000 credit

Explanation:

the direct cost is assigned to each department while the indirect cost into factory overhead

g) overhead calculations:

Weaving $1,275,000 labor x 85% = 1,083,750

Sewing $ 485,000 labor x 155% = 751,750

Total applied overehead: 1,835,500

h) total wages cost:

Wages payable T-account

DEBIT CREDIT

--------------------------------------

d) 1,760,000

e) 1,525,000

Balance 3,285,000

6 0

3 years ago