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3 years ago

Protectionist measures designed to limit free trade and protect domestic jobs

Business

2 answers:

e-lub [12.9K]3 years ago

7 0

Answer:

work only if other countries do not retaliate with their own trade barriers.

Explanation:

Protectionist measures refer to policies governments use to protect their own industries against external competition by imposing restrictions like tariffs and quotas on imports from other countries. Considering that countries engage in international trade, if one country imposes limits on the imports, the other countries will probably do the same to that country which will affect its exports. Because of that, the answer is that protectionist measures designed to limit free trade and protect domestic jobs work only if other countries do not retaliate with their own trade barriers.

VMariaS [17]3 years ago

3 0

Answer:

work only if other countries do not retaliate with their own trade barriers.

Explanation:

The protectionist trade policies affect both countries as the retaliation of the counterparty generates that the overall trade diminish its quantity and quality.

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Discuss the 3 types of bailments and identify the legal ramifications regarding possession or acquisition and treatment of the b

ra1l [238]

<u>Answer: </u>

Three types of bailments are:

1) Bailment that benefits both the bailor and the bailee.

2) Bailment that benefits only the bailor.

3) Bailment that benefits only the bailee.

<u>Explanation: </u>

Bailment can be understood as a temporary transfer of the property from one person to another for a given specific time period and also for some specific purpose. There is a difference between bailment and the sale, as in the former the ownership of the property is not transferred. The owner of the property who delivers the property to another person is called bailor, whereas, the person who temporarily receives the property is called bailee.

There are basically three types of bailment:

1) Bailment that benefits both the bailor and the bailee: In this case, both the party benefits in the bailment process. The most suitable example is renting a house for another person for a living. Here, the bailor is benefited as he receives the renting fee and the bailee gets the house for living.

2) Bailment that benefits only the bailor: In this only, the bailor is benefited in the bailment process. The best example is the free car parking service by a valet. The bailor is benefited as he gets the car parking service, but as the service is free, the bailee does not receive any benefit out of it, However, the damage to the car might incur certain liability on the hands of the bailee.

3) Bailment that benefits only the bailee: In this bailment procedure, only the bailee is the one who receives the benefits. The most appropriate example of this is the library system. In the library, the person who borrows the book is the bailee and receives the benefit in the form of a book, whereas, the bailor (library) does not benefit anything out of it.

<u>Some legal ramifications related to the possession and acquisition of the bailment: </u>

If the bailment term is over, then the bailor has the right to reclaim the property from the bailee and bailee has to return it to the bailor. However, if the term is over after a certain fixed period of time and the bailor has not claimed for the property, then the bailee can address the property as abandoned to the bailor.

In other cases, if the bailor has not reclaimed the property or did not make any attempt to do so, and the fixed duration has passed, then in such case, the bailee can claim the property as its own. However, to stay in good faith, the bailee should show the bailor that the property has been abandoned.

7 0

2 years ago

The carrying value of bonds at maturity always equals:.

svetoff [14.1K]

The carrying value of a bonds at the time of maturity will always equals: par value.

<h3>What is Par value?</h3>

Par value can simply be defined as the price of a bond or face value of a bond.

The carrying value of bonds at the time of maturity will always equals par value by adding or lessing the carrying amount or unamortized discount or unamortized premium.

Inconclusion the carrying value of a bonds at the time of maturity will always equals: par value.

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2 years ago

Strategic groups typically follow different business strategies. In the pharmaceutical example in this case, the high-risk, high

Bumek [7]

The pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

<h3>What is Related Diversification?</h3>

Related diversification can be described as a scenario whereby a firm ventures into a new industry in which there are similarities in the business lines of the new and old industry.

In most cases, related diversification, is a strategy where the existing products and services have much similarity with the new ones that are being developed.

Therefore, the pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

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2 years ago

You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inve

Mazyrski [523]

Answer:

Crane Company

1. Weighted average cost per unit = $25.032

2. (1) LIFO (2) FIFO (3) Average-cost

Ending inventory $1,580 $1,940 $1,752

Cost of goods sold 6,180 5,820 6,008

Sales revenue $9,150 $9,150 $9,150

Gross profit 2,970 3,330 3,142

Gross profit rate 32.5% 36.4% 34.3%

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost or Selling Price Total

Oct. 1 Beginning inventory 50 $22 $1,100

Oct. 9 Purchase 110 24 2,640

Oct. 11 Sale (90) $35 $3,150

Oct. 17 Purchase 90 26 2,340

Oct. 22 Sale (50) 40 2,000

Oct. 25 Purchase 60 28 1,680

Oct. 29 Sale (100) 40 4,000

Total 310 (240) = 70 $7,760 $9,150

Weighted average cost per unit = $25.032

LIFO:

Ending inventory

= (50 * $22) + (20 * $24)

= $1,100 + $480

= $1,580

Cost of goods sold = $7,760 - $1,580 = $6,180

FIFO:l

Ending inventory:

= (60 * $28) + (10 * $26)

= $1,680 + $260 = $1,940

Cost of goods sold = $7,760 - $1,940 = $5,820

Weighted-average costs:

Ending inventory = 70 * $25.032 = $1,752

Cost of goods sold = $7,760 = $1,752 = $6,008

6 0

3 years ago

Which individual is responsible for ordering, preparing, and reviewing closing-related documents, such as the title policy and s

Ilia_Sergeevich [38]

The closing agent is responsible for ordering, preparing, and reviewing closing-related documents.

<h3>Who is a Closing agent?</h3>

This is a professional who deals in real estate transactions and acts a middle man between the buyer and the seller.

He ensures the transfer of the legal title is appropriately done by preparing and reviewing closing-related documents, such as the title policy and settlement statement.

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2 years ago