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tino4ka555 [31]
2 years ago
9

1. Read the information in the chart about two trading partners. Then answer the question that follows. Based on the information

in the chart, which of the following is correct? Select all that apply.
A) Country X should specialize in automobiles and Country Y should specialize in airplanes.
B) Country X has a comparative advantage in the production of airplanes.
C) Country Y has both an absolute and a comparative advantage in the production of automobiles
D) Country X has both an absolute and a comparative advantage in the production of automobiles.
E) Country Y has a comparative advantage in the production of airplanes.
F) Country Y should specialize in automobiles and Country X should specialize in airplanes

2. While the balance of payments involves a record of all transactions between individuals, businesses, and the government within a particular country, the balance of trade deals solely with

A) shortages and surpluses
B) foreign exchange rates.
C) imports and exports
D) federal interest rates

3. Read the passage. Then answer the question that follows.
In 2013, the United States negotiated a new trade deal with Japan in the hope of increasing US rice manufacturers' access to the valuable Japanese consumer market. The Japanese increased the amount of rice that it would import at a low import tax rate to 682,000 metric tons, while any rice imported from the United States over that amount would be subject to a much higher import tax.
This trade policy represents the implementation of a combination of what two types of economic barriers to trade?

A) an embargo and standards
B) subsidies and standards
C) subsidies and a quota
D) tariffs and a quota

4. How do economic barriers to trade impact countries that enact them? Select all that apply.

A) by improving the efficiency of production
B) by causing real median household incomes to decline
C) by limiting consumer choice
D) by eliminating cyclical unemployment
E) by causing prices of domestic goods to rise

5. Why do some people oppose free trade agreements?

A) Free trade agreements usually require countries to agree to use a single common currency.
B) Free trade agreements usually require countries to reduce trade barriers that protect domestic industries.
C) Free trade agreements usually require countries to implement the same monetary policies
D) Free trade agreements usually require countries to pay workers the same as workers in other countries

6. Use the table of currency exchange rates to answer the question.

A family from Zimbabwe, which uses the US dollar as its official currency, is planning to travel. They want to go to the country where they will receive the MOST local currency for their dollars. Which country should they visit?

7. Suppose the value of the Japanese yen appreciates relative to the US dollar. Who would this benefit? Select all that apply.

A) Japanese importers of goods from the United States
B) US importers of goods from Japan
C) Japanese exporters of goods to the United States
D) US tourists visiting Japan
E) Japanese tourists visiting the United States

Business
1 answer:
alex41 [277]2 years ago
6 0

Answer:

1. Read the information in the chart about two trading partners. Then answer the question that follows. Based on the information in the chart, which of the following is correct? Select all that apply.

A) Country X should specialize in automobiles and Country Y should specialize in airplanes.

D) Country X has both an absolute and a comparative advantage in the production of automobiles.

E) Country Y has a comparative advantage in the production of airplanes.

2. While the balance of payments involves a record of all transactions between individuals, businesses, and the government within a particular country, the balance of trade deals solely with

C) imports and exports

3. Read the passage. Then answer the question that follows.

In 2013, the United States negotiated a new trade deal with Japan in the hope of increasing US rice manufacturers' access to the valuable Japanese consumer market. The Japanese increased the amount of rice that it would import at a low import tax rate to 682,000 metric tons, while any rice imported from the United States over that amount would be subject to a much higher import tax.

This trade policy represents the implementation of a combination of what two types of economic barriers to trade?

D) tariffs and a quota

4. How do economic barriers to trade impact countries that enact them? Select all that apply.

C) by limiting consumer choice

E) by causing prices of domestic goods to rise

5. Why do some people oppose free trade agreements?

B) Free trade agreements usually require countries to reduce trade barriers that protect domestic industries.

6. Use the table of currency exchange rates to answer the question.

A family from Zimbabwe, which uses the US dollar as its official currency, is planning to travel. They want to go to the country where they will receive the MOST local currency for their dollars. Which country should they visit?

Kenya

7. Suppose the value of the Japanese yen appreciates relative to the US dollar. Who would this benefit? Select all that apply.

A) Japanese importers of goods from the United States

E) Japanese tourists visiting the United States

Explanation: Just took the test and these are what they say are the correct answers.

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A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c
kupik [55]

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

8 0
2 years ago
In 2013, Natural Selection, a nationwide computer dating service, had $500 million of assets and $200 million of liabilities. Ea
Allisa [31]

Answer and Explanation:

The computation is shown below:

a)  Liabilities to equity ratio is

= $200 ÷ ($500 - $200)

= 0.667

Times interest earned ratio is

= EBIT ÷ Interest expense

= $120 ÷ $28

= 4.285

Times burden covered is

= EBIT ÷  (Interest +Principal repayment ÷ ( 1 -tax rate))

= 120 ÷ (28+24 ÷ (1-0.4))

= 1.764

b)

Interest paying requirements  

= ($128 - $20) ÷ 120

= 76.7%

Principal and interest requirements  

= [$120 - ($28 + $24 ÷ (1-0.4))] ÷ 120

= 0.433 or 43.3%

Principal, Interest and Common dividend payments -

= [$120 - ($28 + (($24 + 0.3 × 20) ÷ (1 - 0.4))] ÷ 120

= 0.35 or 35%

3 0
3 years ago
The December 31, 2021, inventory of Tog Company, based on a physical count, was determined to be $467,000. Included in that coun
8090 [49]

Answer:

Tog Company

a. The correct December 31, 2021 balance of Inventory is

= $592,500.

b. The error increased the cost of goods sold, thereby reducing the net income and the retained earnings.

c. Journal Entries to correct errors:

Debit 2021 Inventory $67,000

Credit 2022 Inventory $67,000

To correct the error.

December 31, 2021

Debit Purchase $97,000

Credit Accounts Payable $97,000

To record the purchase of merchandise, shipped FOB shipping point on December 28, 2021.

Explanation:

a) Data and Calculations:

Physical count Inventory =             $467,000

FOB shipping point 2021 =                28,500

December 28 FOB shipping point = 97,000

December 31, 2021 balance =     $592,500

The error would increase the cost of goods sold, thereby reducing the net income and the retained earnings.

Journal Entries to correct errors:

December 31, 2021

a. 2021 Inventory $67,000  2022 Inventory $67,000.  The records should be for 2021 and not 2022.

b. This only affects the physical count and not the records.

c. Purchase $97,000  Accounts Payable $97,000. Both the physical count and the records were omitted.

4 0
3 years ago
What is the difference between an<br> architectural drafter and an architectural<br> illustrator
Tomtit [17]

Answer:

architectural drafter draw structural features and details for buildings and other construction projects while an architectural illustrator is an artist who created imagery for the design professional that accurately portray the details of an architectural project.

3 0
3 years ago
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds of companie
Irina-Kira [14]

Answer:

Q = 15

profit at q=15 $800

Explanation:

To maximize their profit it will produce until the marginal cost equalize the marignal revenue.

As the price is 120 each additional unitgenerates 120 dollars of revenue.

Now, we solve for the marginal cost

C_q = 100+4Q^2\\\frac{dC_q}{dq} =8Q\\\\8Q  = 120\\Q = 120 / 8

Q = 15

<em><u>Total cost </u></em>

<em><u /></em>C = 100 + 4(15)^2 = 100 + 4(225) = 1,000

<em><u>Profit</u></em>

$120 x 15 units - $1,000 cost = 800

3 0
3 years ago
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