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Svetradugi [14.3K]
3 years ago
9

In 1914, the United States prohibited the importation of Mexican avocados even though Mexico is the world’s largest producer of

the fruit. This prohibition remained in effect until 1996. The ban on importing Mexican avocados is an example of a(n):
a. import quota
b. embargo
c. restrictive limit
d. boycott
e. tariff
Business
1 answer:
andrew-mc [135]3 years ago
8 0

Answer:

The answer is B. embargo

Explanation:

An embargo is an outright ban or sanction by a government of a nation to another nation. The embargo may be for a political purpose such as disagreement between two countries on certain issue, retaliation.

Embargo is more severe than tariff or import quotas. Embargo prevent any import of goods from the receiving country

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Lahdekorpi OY, a Finnish corporation, owns 100 percent of Three- O Company, a subsidiary incorporated in the United States. Requ
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Answer:

Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States

Transfer Pricing:

a) The best transfer pricing method in this case is the cost plus method.  This gives the transfer price as Cost + 50%.

b) The appropriate transfer price should be $3 ($2 x 1.5).

Explanation:

Transfer pricing arises when controlled entities set prices for exchange of goods and services.  When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen.  It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.

There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price.  According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:

a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)

b) Resale price method

c) Cost plus method

d) Transactional net margin method (TNMM)

e) Transactional profit split method.

7 0
3 years ago
Eorge, a chef and owner of l'auberge, a popular restaurant, is always visiting his competitors to observe how they are doing thi
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Market research and analysis. Statistical trend Theory. Product review and development.
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3 years ago
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Marin Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $201,600 and a rema
konstantin123 [22]

Answer:

The patent should be reported at $302,400 on the December 31, 2020, balance sheet.

Explanation:

Remaining useful life in month of patent on January 1, 2020 = 8 * 12 = 96 months

Remaining useful life in month of patent on December 1, 2020 = 96 - 11 = 85 months

Amortization of book value of patent in 2020 = (Patent Book value / Remaining useful life in month of patent on January 1, 2020) * 12  = ($201,600 / 96) * 12 = $25,200

Amortization of legal cost in 2020 = (Legal cost / Remaining useful life in month of patent on December 1,, 2020) * 1  = ($127,500 / 85) * 1 = $1,500

Carrying amount of patent = Patent Book value + Legal cost = $201,600 + $127,500 = $329,100

Patent book value on December 31, 2020 = Carrying amount of patent - Amortization of book value of patent in 2020 - Amortization of legal cost in 2020 = $329,100 - $25,200 - $1,500 = $302,400

Therefore, the patent should be reported at $302,400 on the December 31, 2020, balance sheet.

8 0
3 years ago
- 65. When you compare brands, you should consider price and advertising.<br> a. True<br> b. False
Ivan

Answer:

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Explanation:

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3 years ago
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When a company spends money for television commercials, it intends to shift the Group of answer choices demand curve to the righ
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Answer:

The correct answer is letter "A": demand curve to the right and make demand less elastic.

Explanation:

Investing in advertising has one goal: <em>increasing profits</em>. There are many ways of increasing the revenue of a company being the most common increasing the quantity demanded. However, increasing the quantity demanded -<em>moving the demand curve to the right</em>- implies bringing the prices down -<em>demand law</em>, but we do not know how the market will react.  

Then, advertising should also help institutions marketing that will help them make their products less <em>elastic </em>or less prone to major changes in quantity demanded due to changes in price.

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3 years ago
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