Answer:
The effective rate of protection for the U.S. steel industry is approximately 17.5%
Explanation:
Mathematically, the effective rate of protection is calculated as follows;
e = (n-ab)/(1-a)
where n is the nominal tariff rate on the final product , a is the ratio of the value of the imported input to the value of the finished product and b is the nominal tariff rate on the imported input
Mathematically;
a = value of iron ore/value of steel = 100,00/500,000 = 1/5 = 0.2
From the question, we can see that nominal tariff rate for steel n = 15% = 15/100 = 0.15
The nominal rate for iron ore b = 5% = 5/100 = 0.05
So we substitute all of these into the equation of e above
e = {0.15-0.2(0.05)}/(1-0.2) = (0.15-0.01)/0.8 = 0.14/0.8 = 0.175 which is same as 17.5%
Answer:
Fee Receivable$7,200
To Service Fees Earned $7,200
(Being the service fess earned is recorded)
Explanation:
Th adjusting entry is shown below:
Fee Receivable$7,200
To Service Fees Earned $7,200
(Being the service fess earned is recorded)
For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues
Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31
= $10,800 × 4 months ÷ 6 months
= $7,200
Answer:
Option D. Shut down because staying open would be more expensive.
Explanation:
The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.
Microcredit help poor people establish thriving small
businesses because it provides a small finacial loan made to proverty stricken
individuals who want to start their own business. Hence the objective of this
microcredit is for the poor people for self-employment. The following are the
reasons why microcredit targeted primarily to women because women make better
use of small loans than men. That most women do not spend their money on snacks
or luxuries than men but instead use their money into providing food for their
children/family. Women have a better track record when it comes to repayment,
women are a huge untapped labor pool, women have the right to access capital
and lastly women who receive loans adopt healthier lifestyles and are
empowered.
Here are the list of all that qualities:
- Good communication skills >>>>. Most important
Invovles both listening and talking in order to connect all the clues that found during the investigation
- The ability to make a quick decision
- Integrity (so they will be immune to any form of bribery)
- Ability to control emotions
- Deep knowledge of the law
