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sveta [45]
3 years ago
5

Widget Corp., a manufacturing firm in Lithuania, exports its manufactured tools to Wales. To protect its domestic firms, the Gov

ernment of Wales imposes a 20 percent tax on the tools imported from Widget Corp. Therefore, Widget Corp. is subject to:A. ​formal institutional frameworks erected by the host-country government.B. ​formal institutional frameworks erected by the home-country government. ​C. informal rules of the game erected by the host-country government. ​D. informal rules of the game erected by the home-country government.
Business
1 answer:
Degger [83]3 years ago
7 0

Answer:

A) formal institutional frameworks erected by the host-country government.

Explanation:

In this case, Wales is considered the host country since Widget Corp.'s home country is Lithuania. Taxes imposed by governments are institutional frameworks, they are not informal rules of the game.

The taxes imposed by Wales are called import tariffs and they are used to increase the price of imported goods and services.

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Which one of these statements is correct?
Simora [160]

Answer:

<u>(A) When selecting one of two projects, managers should select the project with the higher total expected cash flow.</u>

Explanation:

  • When running a business the managers must take into account the type of business entity they are dealing with and also find the projects that deliver maximum returns and give them the maximum benefits.
  • The business run by the sole owners must be based on generating a good client base and reducing the cost associated with the company.
  • Thus it's essential to select the cash flow with a high amount of growth and lower risks.
5 0
3 years ago
An accountant increases the price he charges for his services by 14 percent. In​ response, the demand for his services decreases
blondinia [14]

Answer:

Decrease

Explanation:

Given that

Change in quantity demanded = 6%

change in price = 14%

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

= 6% ÷ 14%

= 0.42

Price elasticity of demand is greater than 1 that which means demand is elastic. Therefore the increase in price, the revenue will decrease because demand is elastic.

5 0
3 years ago
Beacon Industries,Inc. thinking about having one of its products manufactured by a subcontractor.Currently , the cost of manufac
krek1111 [17]

Answer:

It is cheaper to buy the product.

Explanation:

Giving the following information:

Production:

Direct material $45,000

Direct labor 30,000

Factory overhead (30 % is variable ) 98,000

Buy:

Total cost= $100,000

<u>I will assume that none of the fixed overhead avoidable. Therefore, we will take into account only the variable overhead.</u>

Total variable production cost= 45,000 + 30,000 + (98,000*0.3)

Total variable production cost= $104,400

It is cheaper to buy the product.

3 0
3 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $85,900 and liabilities of $13,500. The fair value of the assets is
cestrela7 [59]

Answer:

$7,120

Explanation:

Given that,

Assets = $85,900

Liabilities = $13,500

Fair value of assets = $90,500

Fair value of its liabilities = $13,500

Amount paid to acquire all of its assets and liabilities = $84,120

Net assets:

= Fair value of assets - Fair value of its liabilities

= $90,500 - $13,500

= $77,000

Goodwill = Purchase consideration - Net assets

               = $84,120 - $77,000

               = $7,120

8 0
3 years ago
Help please it’s due by today
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Answer:

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8 0
3 years ago
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