Answer:
(A) The gains of the consumers from buying imports at the low price subsidized by foreign governments would exceed the losses of domestic producers.
The Unfair-Competition Argument
(B) Companies may exaggerate the degree to which their products are essential to national defense in order to obtain protection from foreign competition at the expense of consumers.
The Protection-as-a-Bargaining-Chip Argument
(C) The country may be forced into deciding between implementing trade restrictions as threatened, which would make the society as a whole worse off, or backing down on its own threat, which would cause it to lose credibility in foreign affairs.
The Infant-Industry Argument
(D) Opening up to free trade may impose hardship on some workers in the short run, but it also creates jobs in industries in which the country has a comparative advantage and enables the country as a whole to enjoy a higher standard of living.
The Jobs Argument
Explanation:
Answer:
The journal entries are shown below
Explanation:
The journal entries are as follows
a. Product warranty expense $13,590 ($151,000 × 9%)
To Product warranty payable $13,590
(Being the warranty estimated expense is recorded)
b. Product warranty payable $207
To Supplies $120
To Wages payable $87
(Being the warranty work is recorded)
Only these two entries are passed
Answer:
D) Abundon
Explanation:
Based on the scenario being described within the question it can be said that the marketing intermediary in this chain is Abundon. This is because Abundon is acting the company that is connecting the manufacturer's (SoftStar and BlueHill) product to the customer, therefore acting as the go-between both of them. This is known as the middle-man or intermediary.
Answer:
Debit Credit
Aug 4 Cleaning Supplies 79
Accounts payable 79
(Innovation Supplies)
Aug 19 Office Equipment 4900
Accounts Payable 4900
(Office Warehouse)
Aug 23 Cleaning Supplies 209
Accounts Payable 209
( Rubble Supplies)
Explanation:
Answer:
Total equivalent unit 1,425 units
Explanation:
<em>Under the first-in -first out system, to account for the units completed in a period, it is assumed that the opening inventory units are first completed and the balance represents the newly introduced.</em>
<em>Fully worked represents unit of inventory started this this period and completed this period</em>
Fully worked = completed units - opening inventory
Fully worked = 1200 -750 = 450 units
Item Units Equivalent Units
Opening WIP 750 750×50% 375
Fully worked 450 450× 100% 450
Closing WIP 800 800× 75% <u> 600</u>
Total equivalent unit <u>1,425</u>
Note the opening inventory has 50% work done last period so the balance of 50% i.e (100 - 50) is completed this period
