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pishuonlain [190]
3 years ago
15

Suppose that Australia imposes a tariff on imported beef. If the increase in producer surplus is $100 million, the increase in t

ariff revenue is $200 million, and the reduction in consumer surplus is $500 million, the deadweight loss of the tariff is $300 million.a) trueb) false
Business
1 answer:
hram777 [196]3 years ago
6 0

Answer: False

Explanation:

A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.

Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.

Therefore the question is false.

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"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GA
stiv31 [10]

Answer:

As a result, the IFRS test is more strict than U.S. GAAP.

3 0
3 years ago
Macrosoft Company reports net income of $61,000. The accounting records reveal depreciation expense of $76,000 as well as increa
melamori03 [73]

Answer:

Cashflow from Operating Activities                  $

Net income                                                         61,000

Add: items not involving movement of cash

Depreciation                                                    <u>76,000</u>

                                                                          137,000

Changes in working capital:

Increase in prepaid rent                                   (56,000)

Increase in accounts payable                           <u>11,000</u>

                                                                            92,000

Less: Tax                                                           <u>  16,000</u>

Cashflow from operating activities                   <u> 76,000</u>

Explanation:

Cashflow from operaing activities  using the indirect method equals net income plus depreciation minus increase in prepaid rent plus increase in accounts payable minus tax.

4 0
3 years ago
Other things the same, a decrease in the price level makes consumers feela.more wealthy, so the quantity of goods and services d
djyliett [7]

Answer:

<h2>The answer in this case would be option a. or feel more wealthy, so the quantity of goods and services demanded rises. </h2>

Explanation:

  • As a common consumer psychology,as the price of any good or service decreases,any rational consumer or buyer feels more wealthy compared to before as the purchasing power of the consumers or buyers pertaining to that particular good or services has increased,everything else held constant.
  • Purchasing power of any good or service is generally reflected by the purchasing or buying capacity of that good or service with the amount of money that a consumer or buyer has at his or her disposal.
  • As the price of any good or service decreases,it becomes cheaper to the consumer,again everything else considering constant.In other words,it increases the purchasing power or capacity of the consumers or buyers.Therefore,the typical consumer or buyer will prefer or demand more of that particular good or service thereby,increasing its quantity demanded due to a price reduction.
3 0
3 years ago
The school board is trying to evaluate a new math program introduced to second-graders in five elementary schools across the cou
Komok [63]

Answer:

a) The chart tell us that all the point are between the upper and lower control limits, so the process is under control.

b) Since the process under control, the number of defects are controled and we know with a 99.3 % of certainty the average of them, so the program is  effective.

Explanation:

In order to draw a C chart we should calculate the  average test errors and the control limits of the chart

The average test errors is = (52+27+35+44+55)/5= 42.6 = c

This will be the middle line in the chart.

Then, the Upper and lower control limits are:

LCL=  c-m *sqr(c) and UCL= c+ m *sqr(c)

In this case, since we are told to contain the 99,7% of random variation, this means that we are working with a 6 sigma.

So m will be 3 (3 sigma) for the upper limit control and 3 (3 sigma) for the lower limit control:

LCL= 42.6 -3*sqr(42,6) = 23.0

UCL= 42.6+3*sqr(42,6) = 62.2

(the graphic is attached)

As we can see, al the test error values are between the control limits, so the program is undercontrol

Download xlsx
6 0
3 years ago
How is product placement different from a commercial?
jok3333 [9.3K]
A product placement is part of an existing story. Unlike an advert you aren’t watching a product placement for the product but for the story it is found in.
5 0
1 year ago
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