Answer:
a. $42
b. $36
c. benefits consumers in Brazil. They pay less by $6.
d. does not affect consumers and producers in the United States.
Explanation:
a) Data and Calculations:
Free market price of semiconductor = $30
Brazil tariff on imports = 40%
This means Brazilians pay $42 ($30 * 1.4) per semiconductor
New Brazil tariff on imports = 20%
This implies that Brazilians will now pay $36 ($30 * 1.2) per semiconductor
b) Import tariffs by Brazil are taxes imposed on imports into Brazil by the Brazilian government to discourage imports, generate revenue, and control the type of goods and services imported into Brazil. The Uruguay Round was an international trade conference that birthed the WTO. The purpose of the conference and the creation of WTO was to enable countries negotiate better trade deals and ensure the creation of free trade among the comity of nations.
Answer and Explanation:
The computation of the balance outstanding at the end of the month 2 is shown below:
Month Due balance Interest Monthly Balance Oustanding
payment Reduction Balance
1 $7,000 $210 $700 $490 $6,510
($7,000 × 3%) ($700 - $210) ($7,000 - $490)
2 $6,510 $195.30 $700 $504.70 $6,005.30
($6,510 × 3%) ($700 - $195.30) ($6,510 - $504.70)
Answer:
A is the correct answer
Explanation:
Most small businesses use a simple organizational structure. In this, decision making is centralized with the owner. It doesn't have any formal departments and layers. There are both advantages and disadvantages of running the company with this structure. It enables the owner to keep tight control over the company's operation. No decisions can be made without the owner's approval and the owners of aware of every decision made. These companies make decisions quickly as there are no layers of management where the request needs to climb before approval.
Answer:
Option (D) is correct.
Explanation:
Given that,
Revenue on account = $54,000
Cash collections of accounts receivable = $2,300
Expenses for the period = $52,100
company paid dividends = $450
Net income for the period:
= Revenue on account - Expenses for the period
= $54,000 - $52,100
= $1,900
Therefore, the net income for the period is $1,900.
