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avanturin [10]
3 years ago
6

Bertrand is an avid supporter of protectionism. His primary platform is the idea that the United States imports too many foreign

goods. He dislikes that many of his clothes are made in China instead of the U.S. because clothing is a basic need, even for babies. He would prefer that the United States drill in the Arctic National Wildlife Refuge (ANWR) instead of importing oil from Kuwait because oil powers our military\'s tanks and planes. Which argument for protectionism is Bertrand using?
-The National Security Argument
-The Infant Industry Argument
-The Environmental Protection Argument
-The Job Creation Argument
Business
1 answer:
romanna [79]3 years ago
6 0

Answer:

The correct answer is letter "A": The National Security Argument.

Explanation:

According to the National Security Argument, it is a threat to depend on another country for economic sustainability purposes. This point of view proposes that self-sufficiency is the only means of progress for a nation. Exceptional cases such as wars are usually cited with this theory to point out that under those circumstances relying on another country -for fuel, for instance- could represent a big drawback.

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Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15). If she does
Paul [167]

Answer:

Qualifying widow(er); $24,400.

Explanation:

If she has a dependent child and has not remarried until two years after her husband's death, she can file as Qualifying Widow (Widower) with Dependent Child.

7 0
3 years ago
Leilei operates a sole proprietorship, using the accrual basis of tax accounting. Last year, she claimed a $30,525 bad debt dedu
Inessa05 [86]

Answer:

She will include $21,368 in her gross income

Explanation:

Under the tax benefit rule, any amount claimed as a deduction in prior years and recovered in subsequent periods must be recognized as income in the year in which such amount is recovered. So Leilei must record the subsequent recovery of bad debts $21,368 as gross income.

8 0
3 years ago
The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer w
qaws [65]

Answer:

The correct answer is False.

Explanation:

The amortization operation consists of regularly distributing the repayment of the principal (C0), together with the interest accrued throughout the life of the loan. The periodic payments made by the borrower are therefore intended to reimburse, extinguish or amortize the initial capital. This justifies the name of the depreciation transaction and the depreciation terms that are usually assigned to these payments.

8 0
3 years ago
Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex
kirill115 [55]

Answer:

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

Explanation:

1          Santos Corporation

         Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold <u>$960,000</u>

Gross Profit                      <u>$540,000</u>

Less: Operating expenses<u> 160,000 </u>

Income from operations    <u>380,000</u>

2          Santos Corporation

             Income statement

For the year ended December 31, 2020

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

5 0
4 years ago
Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u
vova2212 [387]

Answer:

knowledgeable user

Explanation:

Knowledgeable user is a term that refers to particular users of a specific product, that must possess certain qualifications to use that specific product. In the case of knowledgeable users, the manufacturer of the product is not require to warn these users about the dangers of using their product.

In this case, Stan as an air conditioning and heating technician should know about the dangers of using electrical thermostats because of his profession.

5 0
3 years ago
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