Ask question

Ask question

All categories

ICE Princess25 [194]

3 years ago

6

When ships carrying imported goods arrive at U.S. ports, customs officers are responsible for inspecting the goods and determini

ng
a. the quota that will be imposed.
b. the restrictions that will be imposed.
c. all of the above
d. the tariff that will be imposed.

1 answer:

azamat3 years ago

3 0

I think The answer is b

You might be interested in

When you choose a medium, you are deciding how you will decode the message for transmission. select one:

iVinArrow [24]

The answer to this question would be option B: FALSE. When we say medium, this is the mode of how the message would be transmitted from the source to the receiver. This is also known as the channel. An example of this would be television or radio. This statement becomes false because the medium does not have anything to do with how the receiver deciphers or decodes the message that is being sent. The medium only serves as a channel and does not affect on how the receiver would interpret such information.

4 0

3 years ago

You can buy property today for $2.1 million and sell it in 6 years for $3.1 million. A. If the interest rate is 11%, what is the

Katyanochek1 [597]

Answer:

Present value of sales price = 465,395.16

Present Value of future cash flow= 465,359.16

Explanation:

The present value of a sum expected in the future is the worth today given an opportunity cost interest rate. In another words ,it is amount receivable today that would make the investor to be indifferent between the amount receivable today and the future sum.

The present value of a lump sum can be worked out as follows:

PV = FV × (1+r)^(-n)

Present Value of sales price= 3.1 × 1.11^(-6) =1.65739

Present Value=165,738.65

Present Value of an annuity of 110,000 for 6 years:

PV = A × 1- ( (1+r)^(-n))/r

PV = 110,000× (1-1.11^(-6))/0.11= 465,359.16

PV = 465,359.16

5 0

3 years ago

Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $520,000 and has a present va

Amanda [17]

Answer:

1. 2.5; 1.2

2. Project A

Explanation:

Given that,

Project 1 requires:

Initial investment = $520,000

Present value of cash flows = $1,300,000

Project 2 requires:

Initial investment = $5,000,000

Present value of cash flows = $6,000,000

1.

Profitability index = Present Value of Cash inflows ÷ Investment

Project A = $1,300,000 ÷ $520,000

= 2.5

Project B = $6,000,000 ÷ $5,000,000

= 1.2

2. Project A will be preferred because it has a higher profitability index than project B.

5 0

3 years ago

Marcelino Co.â€™s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory pay

Agata [3.3K]

Answer:

<em>a. Prepare journal entries </em>

J1

Raw Materials $500,000 (debit)

Cash $500,000 (credit)

J2

Factory Labor $363,000 (debit)

Salaries and Wages Accrued $363,000 (credit)

J3

Overheads $175,000 (debit)

indirect materials $50,000 (credit)

Indirect labor $23,000 (credit)

factory rent $32,000 (credit)

factory utilities $19,000 (credit)

factory equipment depreciation $51,000 (credit)

J4

Work in Process $181,500 (debit)

Overheads $181,500 (credit)

<em>b. the total cost, and account classification for each job</em>

Job 306 Job 307 Job 308

Direct materials 135,000 220,000 100,000

Direct labor 85,000 150,000 105,000

Applied overhead 42,500 75,000 52,500

Total Cost 262,500 445,000 257,500

<em>c. Cost of goods manufactured for Marcelino Company</em>

Job 306 $ 262,500

Job 307 $ 445,000

Job 308 $ 257,500

Total $ 965,000

<em>d. the gross profit on the sale of the job(s) </em>

Job 306

Sales $635,000

Less Cost of Goods Sold :

Opening Finished Inventory $0

Add Cost of Manufacture $262,500

Less Closing Finished Inventory $0 ($262,500)

Gross Profit $372,4500

Explanation:

Only Job 306 was sold, thus the gross profit is calculated on the sold job only.

5 0

3 years ago

Relative to Kenya, Japan has relatively higher economies of large-scale production, an abundance of resources, higher labor cost

Varvara68 [4.7K]

Answer:

<em>a. relative costs of labor</em>

<em></em>

Explanation:

<em>The Heckscher-Ohlin theory explains Japanâ€™s comparative advantage over Kenya as the result of differences in countries' relative costs of labor.</em>

The Heckscher-Ohlin theory of comparative advantage predicts patterns of commerce and production based on the factors that a particular trading region's (country, state etc.) is endowed with or has in plentiful amount. <em>The model is particular about the export of goods requiring factors of production that are plentiful in a particular region.</em>

The four factors of production are land, labor, entrepreneur and capital. Of all the factors compared between Kenya and Japan, their relative labour cost is the only direct factor of production compared between them.

6 0

3 years ago