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gavmur [86]
3 years ago
9

Which of the following is the best example of a​ quota? A. a subsidy granted by the U.S. government to domestic sport utility ve

hicle manufacturers so they can compete more effectively with foreign sport utility vehicle manufacturers B. a tax placed on all sport utility vehicles sold in the domestic market C. a​ $5,000 per-car fee imposed on all sport utility vehicles imported into the United States D. a limit imposed on the number of sport utility vehicles that the United States can import from Japan
Business
1 answer:
GREYUIT [131]3 years ago
7 0

Answer:

The correct answer is option D.

Explanation:

A quota is a non-tariff restriction on trade. It is either a quantitative limit or a limit on the monetary value of products that can be traded. It a restriction imposed by the government to protect domestic producers from foreign competition.  

In all the given examples the last one represents a quota. It is a limit on the number of products that can be imported.

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After​ graduation, you face a choice. One option is to work for a multinational consulting firm and earn a starting salary​ (ben
saveliy_v [14]

Answer:

Total explicit cost = $39,000

Implicit cost = $40,420

Accounting profit = $108,600

Economic profit = $68,180

Explanation:

Total explicit costs will be the total amount spent.

Therefore explicit costs =

Rent + office supplies + office staff + telephone expenses

Explicit costs = 10000 + 1000 + 24000 + 4000 = $39,000

Implicit costs= 40000 + (6000 * 0.07) =$40,420

Accounting profit = Total revenue - Total explicit costs

Accounting profit = $147,600 - $39,000 = $108,000

Economic profit = Total revenue - Total opportunity cost.

(Where total opportunity cost= explicit cost + implicit cost)

Therefore economic profits =

$147,600 - ($39,000+$40,420)

= $68,180.

Therefore,

Total explicit cost = $39,000

Implicit cost = $40,420

Accounting profit = $108,600

Economic profit = $68,180

5 0
3 years ago
Read 2 more answers
Joshua is retired. He lives on a fixed pension. His daughter Sue just bought a house. She has fixed rate of interest on her mort
Radda [10]
<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>

Explanation:

  • Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
  • Now the value of money goes down due to inflation
  • So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
  • Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
  • "Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
6 0
3 years ago
The board of directors authorizes a cash or distribution of cash to its investors.a. Trueb. False
Novosadov [1.4K]

This assertion is accurate. A cash dividend or other cash payment to investors is approved by the board of directors.

<h3>Is the board of directors involved in the decision to distribute dividends?</h3>

Before a cash dividend is announced and later delivered to shareholders, a company's board of directors must determine whether to pay one and how much. The Board shall determine the amount of cash to be delivered to the Shareholders, both individually and collectively.

<h3>Dividends have been announced by the board of directors.</h3>

A company's interim dividend is the sum that the board of directors declares between two annual general meetings. Interim dividend is included in the definition of dividend under Section 2(35) of the Companies Act. It is at the board of directors' discretion to declare an interim dividend.

Learn more about interim dividend: brainly.com/question/28523087

#SPJ4

5 0
1 year ago
Qwik Service has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes a
Ann [662]

Answer:

A. The answer is:

Oil-related revenue = 0.75 x 40,000,000 = $30,000,000;

Repair-related revenue = 0.25 x 40,000,000 = $10,000,000

B. The answer is:

Oil-related revenue = 0.75 x 350,000 = $262,500;

Repair-related revenue = 0.25 x 350,000 = $87,500.

Explanation:

A.

Denote X is the total revenue Qwik Service has to earn.

We have:

Oil charge-related revenue: 0.75X; Oil charge-related margin 0.2 x 0.75X = 0.15X

Brake repair-related revenue: 0.25X; Brake repair-related margin: 0.25X x 0.6 = 0.15X.

=> Total contribution margin = 0.15X + 0.15X = 0.3X

To meet break-even, the total contribution margin should be equal to fixed cost or: 0.3X = 12,000,000 <=> X = $40,000,000

=> Oil-related revenue = 0.75 x 40,000,000 = $30,000,000;

    Repair-related revenue = 0.25 x 40,000,000 = $10,000,000.

B.

The note Y is the total revenue per one outlet.

At one outlet, revenue and margin will be:

Oil charge-related revenue: 0.75X; Oil charge-related margin 0.2 x 0.75X = 0.15X

Brake repair-related revenue: 0.25X; Brake repair-related margin: 0.25X x 0.6 = 0.15X.

=> Total contribution margin = 0.15X + 0.15X = 0.3X

To meet net income target of $45,000, the total contribution margin should be equal to fixed cost of $60,000 and delivering $45,000 net income or: 0.3X = 45,000 + 60,000 <=> X = $350,000.

=> Oil-related revenue = 0.75 x 350,000 = $262,500;

    Repair-related revenue = 0.25 x 350,000 = $87,500.

6 0
3 years ago
Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, w
Ghella [55]

Options:

A. Subjective statement

B. Misrepresentation of a fact knowing that it is false.

C. Puffery

D. Seller's talk

Answer:B. Misrepresentation of a fact knowing that it is false.

Explanation:The misrepresentation of fact is a term used most often in the legal system to describe one of the steps or attitudes of people who are fraudulently inclined and want to go into contracts.

Misrepresentation of fact is an untrue statement or dishonest acts aimed at fraudulently inducing one or more persons to commit to a contract,this type of activity is abnormal and common to people who want to steal.

7 0
3 years ago
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