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Citrus2011 [14]
4 years ago
10

President bill clinton attempted to protect american firms from foreign competition by placing a government tax on japanese auto

mobiles imported to the united states. president clinton's goal was to raise the price on japanese imports, thereby encouraging american consumers to purchase american-made automobiles. the tax the president threatened to impose is an example of a __________.
a. boycott

b. quota

c. tariff

d. sanction

e. subsidy
Business
2 answers:
lukranit [14]4 years ago
6 0

C.  A tariff

Tariffs are taxes imposed on imported foreign goods and are designed to encourage people to buy domestic products

Ket [755]4 years ago
4 0

Answer:c. tariff

Explanation: What is a Tariff?

A tariff is a tax which is imposed by one state on all the goods and services that get imported into their state from another state.

How a Tariff Works

Tariffs are crucial and are used to put restrictions on imported goods and services, these high prices makes business less interested in buying from other states.

There are two types of tariffs: A specific tariff which is based on paying a fixed fee on the imported product.

An ad-valorem tariff which is dependent on the value of that item.

Governments usually imposes tariffs in order to makes sure that domestic industries are protected from foreign competition

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4 years ago
Read 2 more answers
The Miller Company earned $111,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl
Molodets [167]

Answer:

$31,670

Explanation:

Given that,

Revenue earned on account during Year 2 = $111,000

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Uncollectibles:

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= 0.03 × $111,000

= $3,330

Net realizable value of Miller's receivables at the end of Year 1:

= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles

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3 years ago
The gross profit must cover these types of​ costs: ​(complete all answer​ boxes.)
IRINA_888 [86]
I need the boxes in order to help.
3 0
3 years ago
Currently, Warren Industries can sell 15-year​, ​$1,000​-par-value bonds paying annual interest at a 12​% coupon rate. Because c
Korolek [52]

Answer:

11.57% and 9.02%

Explanation:

For computing the before-tax and after- tax cost of debt we use the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,050 - $20 = $1,030

Future value or Face value = $1,000  

PMT = 1,000 × 12% = $120

NPER = 15 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 11.57%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 11.57% × ( 1 - 0.22)

= 9.02%

6 0
3 years ago
Hollister Company amended its defined benefit pension plan at the beginning of 2020 and recognized prior service cost of $1,700,
zzz [600]

Answer: b. $ 1,900,000

Explanation:

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