An import quota is a type of trade restriction that sets a physical limit on the quantity of a product that can be imported into the country in a set period of time.
<u>Explanation:</u>
A quota is a government-imposed trade constraint that restricts the number or commercial value of goods that a country can ship or export throughout a distinct period. Countries adopt quotas in international trade to assist improve the volume of trade among them and other countries.
Extremely restrictive quotas linked with high tariffs can begin to trade conflicts and other obstacles within nations. If the amount imported beneath a quota is less than would be shipped in the inadequacy of a quota, the domestic price of the commodity in problem may rise.
The rich made sure only they could get education and all the right tools, etc. So the poor were left out of the advantages that rich people kept hoarding. So the poor were rarely able to catch up.
Answer:
The answer is true
Explanation:
Increasing Liabilities is increasing cash inflow. For example, if a firm borrows money from a bank, it increases its liabilities and also increases its cash account because the bank will credit the firm with the borrowed form.
Also, if shareholders contribution increase by way of funding the company, the cash is being injected into the firm, thereby increasing the cash reserves.
Therefore, the answer to the question is true.
Answer:
$352,000
Explanation:
Alpha Company reported the following figures:
Inventory on July 1 = $75,000
Inventory on July 31 = $43,000
Purchases for the month = $320,000
Cost of Direct material used = Inventory on July 1 + Purchases for the month - Inventory on July 31
Cost of Direct material used = $75,000 + $320,000 - $43,000
Cost of Direct material used = $352,000
