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4 years ago

(ECONOMICS) Select ALL answers that apply. Protective tariffs are considered positive because _____.

Business

2 answers:

svlad2 [7]4 years ago

6 0

Answer: The answers are b and c.

b. they give foreign goods a competitive edge

c. they protect local industry

Protective tariffs are considered positive because they give foreign goods a competitive edge and they protect local industry.

Explanation:

Protective tariffs refer to taxes imposed on imported goods and services in order to increase prices of imports and protect local industries from competition. It is also imposed on imported goods to encourage the growth of local industries. This makes the sales of locally produced goods to rise and imported goods to come down.

liberstina [14]4 years ago

4 0

I believe the answer might be b and c:

Protective tariffs<span> are a tool countries use to protect domestic industries. They can take the form of taxes, duties, fees, or other restrictions on imported goods. The purpose of </span>protective tariffs<span> is to foster the growth of local industries and protect them from a flood of cheap foreign goods. </span>

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Briefly explain economics

Valentin [98]

Answer:

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. The building blocks of economics are the studies of labor and trade.

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3 years ago

, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a

sergiy2304 [10]

Answer:

Blossom Automotive have long-term debt of <u>$174,321</u>.

Explanation:

This can be estimated using the following accounting equation:

Total Assets = Shareholders' equity + Total liabilities ............... (1)

Where;

Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752

Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059

Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372

Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt

Substituting the relevant values into equation (1) and solve for long-term debt, we have:

$1,182,752 = $824,059 + $184,372 + long-term debt

long-term debt = $1,182,752 - $824,059 - $184,372

long-term debt = $174,321

Therefore, Blossom Automotive have long-term debt of <u>$174,321</u>.

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3 years ago

In July, Lane Co. sells merchandise to Avery Co. on account. In August, Avery pays the balance in full. The entry that Lane will

grandymaker [24]

The entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.

<h3>What is Accounts Receivable?</h3>

Accounts Receivable can be defined as the amount a company is expected to receive from their clients or customers for the goods and service they rendered to their clients.

Based on the information given the appropriate journal entry to record the transactions is:

Debit Cash

Credit Account receivable

(To record the receipt of cash)

Inconclusion the entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.

Learn more about account receivable here:brainly.com/question/24848903

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2 years ago

In a __________ distribution center, merchandise moves from vendors' trucks to retailers' delivery trucks in a matter of hours.A

Paul [167]

Answer:

Cross docking

Explanation:

Cross-docking is a practice in logistics of unloading materials from an incoming semi-trailer truck or railroad car and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between.

It is also often used when handling time sensitive and perishable inventory. Due to the reduced shelf life, inventory needs to reach retailers with a reasonable remaining shelf life

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3 years ago

If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United S

zhuklara [117]

If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United States may work through WTO in removing preset trade barriers so that the small country can more easily purchase the aircraft.

Explanation:

The World Trade Organisation (WTO) is the only international organisation that follows global trade law. It primarily ensures trading is as easy, consistent and free as possible.

World countries meet in the WTO to discuss whether trade restrictions, such as tariffs, should be reduced. WTO talks are conducted in "rounds" where every nation negotiates a trade development agreement, takes a year or two off again and starts negotiations for a new deal.

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3 years ago