1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eddi Din [679]
3 years ago
8

The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a

foreign car manufacturer to be sold in the U.S. What type of tax is the U.S. government imposing?
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

An import tarif

Explanation:

An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.

The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.

You might be interested in
The payment of a portion of the amount initially borrowed of an installment note is referred to as a.principal only. b.interest
emmasim [6.3K]

Answer:

Option A Principal Amount

Explanation:

Because the amount paid additional to the interest is repayment of loan which is the principal amount. So the option A is only correct. The other options discusses about interest which is not the portion of the amount initially borrowed.

6 0
3 years ago
Homestead Jeans Co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. Monthly fixed costs ar
max2010maxim [7]

Answer:

A

Explanation:

3 0
3 years ago
Madrid Company has provided the following data (ignore income taxes):
Romashka [77]

Answer:

C.Retained earnings increased $33,900 during 2014.

Explanation:

Total expenses during the year=Revenue- net income

                                                   =77,500-33,900

                                                   =$43,600

Therefore, option A. is correct

Total Liabilities=Total assets-total equity

                        =217,000-123,000

                       =$94,000

Therefore, option B. is correct

The formula for calculating  Retained earnings is given as follows:

Retained earnings at year end=Opening retained earnings+net income-dividend paid.

83,000=opening retained earnings+33,900-5,700

opening retained earnings=83,000-33,900+5,700

                                           =54,800

Change in retained earnings=closing retained earnings-opening retained earnings

Change in retained earnings=83,000-54,800=28,200

Therefore, Option C. is not correct

Common stock at December 31, 2014=total equity-total retained earnings

                                                              =123,000-83,000

                                                              =$40,000

Therefore, Option D. is correct

Based on the above discussion the answer is C.Retained earnings increased $33,900 during 2014.

8 0
3 years ago
Read 2 more answers
You’ve been invited to help a foreign affiliate of your company set next year’s prices. Inflation last year was 5%, the unemploy
kogti [31]

Answer: Above 5%

Explanation:

Unemployment has dropped to record lows which means that more people are able to afford goods and services. This increase in demand will shift the demand curve to the right thereby increasing prices.

Crude oil also rose in price which means that the price of gasoline has risen as well as the price of transport which is a major component of inflation.

Given these factors, inflation is sure to rise above the 5% level of the previous year.

4 0
2 years ago
What are the two most popular ways people make networking contacts? 
rjkz [21]

Answer:

Getting a personal introduction to a strategic investor or business partner means everything to an entrepreneur. Likewise, executives depend on being able to pick up the phone to get insights into a new market or find the world's greatest marketing guy.

6 0
3 years ago
Read 2 more answers
Other questions:
  • 12. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferr
    14·1 answer
  • Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets
    7·1 answer
  • ABC, Inc. is considering purchase of a new equipment. The sales are expected to be $808,133 and the total cash expenses are expe
    11·1 answer
  • . If a T-bill promises to repay $10,000 in one year and the market interest rate is 6 percent, how much will the bill sell for i
    13·1 answer
  • With respect to compilation, the syntax analyzer takes the lexical units from the lexical analyzer and uses them to construct hi
    6·1 answer
  • Say that the hourly cost to employers per German industrial worker was $44. The hourly cost to employers per U.S. industrial wor
    14·1 answer
  • The purpose of a value proposition is to quickly and easily convey a company or organization's product or service offering to it
    6·1 answer
  • When the marketing research problem is not clearly defined, a researcher will likely engage in ________ research.
    15·1 answer
  • Can a student provide a student ID to purchase alcohol
    6·2 answers
  • If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!