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3 years ago

Restrictions on the quantity of goods that can enter a country

Business

1 answer:

KATRIN_1 [288]3 years ago

5 0

Answer:

Quota;

Explanation:

To protect local manufacturers from unfair competition from foreign goods, governments restrict the quantities of imports. Imposing these restrictions is the application of a quota policy.

Quota places a limit on the maximum quantity of a particular product that business people can import. Quota aims to enable domestic producers to manufacture and sell their products in the country at reasonable prices. Increased domestic production creates employment and stimulates economic developments in the country.

Quota may also be used to regulate the volume of trade between a country and its trading partners.

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Greg is the owner of a full-service car wash. For the month of December he paid $2,000 in rent, $700 in utilities, $2,950 in sal

galben [10]

Answer:

Break-even point= 713 car washes

Explanation:

Giving the following information:

For December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full-service car wash costs $10.50. Unit variable costs per car wash are $2.50.

First, we need to calculate the total fixed costs:

Fixed costs= rent + utilities + salaries + advertising

Fixed costs= 2,000 + 700 + 2,950 + 50= $5,700

Now, using the following formula, we can calculate the break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 5,700/ (10.5 - 2.5)= 713 car washes

3 0

3 years ago

Jimmy Company’s cash balance at the end of the month was $8,500. After comparing the company’s records with the monthly bank sta

Elodia [21]

Answer:

The answer is C) $7,970.

Explanation:

We have 04 reconciling items as below:

- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.

- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.

- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.

- NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.

Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.

7 0

4 years ago

Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give

shtirl [24]

Answer:

The portion of the initial amount that was given away is:

= 0.40

Explanation:

a) Data and Calculations:

Number of apples available = 10

Number of those apples given to a friend for Christmas = 4

The portion given away = 4/10 = 0.4

This represents 40% of the whole.

b) The portion given away to the friend for Christmas is a proportion of the whole. In this case, it represents just 40% of the 10 apples. This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.

6 0

3 years ago

Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises

schepotkina [342]

Answer:

Explanation:

1. What is the total payments (income) to factors of Better-bald Inc.?

Payments to factors of Better-bald Inc. = Rent+Wages+Interest payment+Profits = 450+300+100+750 = $1600

2. What is the total payments (income) to factors of Sweeter Sweaters Inc.?

Payments to factors of Sweeter Sweater Inc = Rent+Wages+Interest payment+Profits = 500+550+50+800 = $1900

3. If we use income method to calculate GDP, we need to sum the payment to factor of production by the entreprises in the economy who employ the factor of production.

The given economy has three enterprises: Better-bald, Sweater Sweaters, Sheepnip. Payment to factor of production are already calculated for 2 of them. Therefore, we there is a need to calculate for the Sheeping Co.

Payment to factors by Sheeping Co = 700 + 400 + 1000 + 100 = $2200

So GDP = $1600 + $1900 + $2200 = $5700

8 0

3 years ago

Neptune LLC is a company that manufactures electronic products. Its employees are given specific guidelines regarding the resour

Len [333]

Answer: The corect answer is "D. Attributes".

Explanation: The term "attributes" best reflects the guidelines that Neptune employees are expected to follow.

Attributes are given to the specific guidelines given in relation to the resources and capabilities in which your company's money and time should be invested.

8 0

3 years ago