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PIT_PIT [208]
3 years ago
11

n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t

he drop in the gold standard the global depression the Hawley-Smoot Tariff
Business
1 answer:
Misha Larkins [42]3 years ago
3 0
In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further. 
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Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,500
FinnZ [79.3K]

Answer and Explanation:

The calculation of the revised net operating income per month in the following cases:

1. The sales volume increases by 50 units.

Sales revenue (8,550 units × $31) $265,050

Less: Variable expenses (8,550 units × $19) $162,450

Contribution margin $102,600

Less: Fixed expenses $55,200

Net operating income $47,400

2. The sales volume decreases by 50 units.

 Sales revenue (8,450 units × $31) $261,950

Less: Variable expenses (8,450units × $19) $160,550

Contribution margin $101,400

Less: Fixed expenses $55,200

Net operating income $46,200

3. The sales volume is 7,500 units.

 Sales revenue (7,500 units × $31) $232,500

Less: Variable expenses (7,500 units × $19) $142,500

Contribution margin $90,000

Less: Fixed expenses $55,200

Net operating income $34,800

6 0
3 years ago
After his annual performance appraisal, Joe was disappointed with his 5 percent increase in pay, compared to the 10 percent incr
7nadin3 [17]

Answer:

Setting specific goals

Explanation:

Because Joe was dissatisfied with his 5 percent rise in pay as opposed to his colleagues '10 percent raise and plus he is not informed of the minimum standard.

So for improving the performance he should set his specific goals so that he should accomplish the company goals and objectives due to which he will get the appraisal next time

7 0
3 years ago
Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3
Leni [432]

Answer:

d) $4.00.

Explanation:

Net Income = $34,000

Common shares outstanding = 8,500 shares

Earning Per share = Net Income for the period / Common shares outstanding

Earning Per share = $34,000 / 8,500 shares

Earning Per share = $4 per share

The company's earnings per share is $4.

Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.

3 0
3 years ago
Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the f
Sindrei [870]

Question Completion:

a) Jorgensen paid the bonuses to the employees on March 1 of year 2.

b) Jorgensen paid the bonuses to the employees on April 1 of year 2.

c) Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus.

d) Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus; if not, the forfeited bonus is reallocated to the other employees.

Answer:

Jorgensen High Tech Inc.

a) Jorgensen paid the bonuses to the employees on March 1 of year 2.

In year 1, Jorgensen can deduct $147,000 of the bonuses.

b) Jorgensen paid the bonuses to the employees on April 1 of year 2.

In year 1, Jorgensen cannot deduct any bonuses since they were not paid within the two and one-half months rule.

c) Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus.

Jorgensen can still deduct the $147,000 for bonuses in Year 1.  No employee had left so far.

d) Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus; if not, the forfeited bonus is reallocated to the other employees.

Jorgensen can still deduct the $147,000 for bonuses in Year 1.  All the employees concerned have remain employed with Jorgensen till March 1.

Explanation:

a) Data and Calculations:

Accrued Bonuses:

Ken      $58,800

Jayne   $44,100

Jill       $29,400

Justin  $14,700

Total $147,000

b) Jorgensen, as a qualified calendar-year company, has until March 15 of year 2 to pay all year 1 bonuses in order to deduct the bonus expense in year 1.  However, if Ken, Jayne, Jill, and Justin had reported the accrued bonuses in their income tax forms, the 2 and 1/2 months rule will not apply.  This means that Jorgensen could still accrue the bonuses longer than 2 and 1/2 months before paying them to the employees.

7 0
3 years ago
Is there a pricing policy that would have filled the ballpark for the Phillies​ game?
zhannawk [14.2K]

Answer:

The correct answer is letter "B": Since the quantity supplied exceeds the quantity​ demanded, the Philadelphia Phillies could lower ticket prices to increase attendance.

Explanation:

According to the context, all the attention was on the Los Angeles Dodgers and the San Francisco Giants game since both teams had chances to win the championship. It will imply the rest of the day matches were not going to have a lot of attendance. The ballpark for the Phillies game could have been filled in the case ticket prices were lowered for basic <em>demand theory</em> (if prices decrease, quantity demanded will increase).

3 0
3 years ago
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