Answer:
may be used when the shipped goods are minerals in short supply, or when the product has been heavily subsidized by the government
Explanation:
Export taxes are imposed by the government to earn revenues. There are certain conditions which are applied when taxing imports and exports. In the above scenario, the correct option is, import tax may be imposed when the shipped goods are minerals that too in small quantity or when the product is subsidies by the government.
Answer:
$763,000
Explanation:
Warranty costs = 3%
Total sales = $29.1million ($29,100,000)
actual warranty expenditures = $110,000
First we multiply warranty cost by total sale
$29100000 x 0.03
= $873,000
Then
Subtract $110,000 from $873,000
$873000 - $110000
= $763,000
Sony should report $763,000 as liability
Answer:
a. Command Economy
Explanation:
In a communist political system, the emphasis is on the general well being of society at large. Public needs and wants are prioritized over individuals' needs. In a communist political system, factors of production are owned by the public through the government.
A command economy is an example of the communist political system. In a command economy, the government makes all the economic decisions. It produces goods and services with public interests as the motive for engaging in economic activities. In command economies, serving the public is prioritized over profits.