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3 years ago

A tariff can be described as __. The purpose of a tariff is to protect _.

Business

1 answer:

Ostrovityanka [42]3 years ago

4 0

Answer:

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation:

You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.

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ECG Company recorded two sales on March 1 of $20,000 and $30,000 under credit terms of 3/10, n/30 (3% discount if paid within 10

AlladinOne [14]

Answer:

In net method the discount not given is recorded as revenue and in gross method the discount allowed is recorded as expense.

Explanation:

ECG Company

Journal Entries

<u>Net Method</u>

Date Particulars Debit Credit

1 March Accounts Receivable 19400

Accounts Receivable 29,100

Sales 48500

( Calculation of net Sales ( 20,000* 3% = 600, 30,000* 3%= 900) 20,000- 600= 19,400 and 30,000- 900= 29,100)

8 Mar Cash 19400

Accounts Receivable 19400

Receipt of 20,000 Sales within discount period.

25 Mar Cash 30,000

Accounts Receivable 29,100

Interest Revenue 900

Receipt of payment after discount time period.

<u>Gross Method</u>

1 March Accounts Receivable 20,000 Dr

Accounts Receivable 30,000 Dr

Sales 50,000 Cr

Transactions of Sales on gross method. Here discount is not calculated unless given.

8 Mar Cash 19400 Dr

Discount Allowed 600 Dr

Accounts Receivable 20,000 Cr

Receipt of 20,000 Sales within discount period.

25 Mar Cash 30,000 Cr

Accounts Receivable 30,000 Cr

Receipt of Sales of 30,000 after the discount period.

6 0

3 years ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

Nataly [62]

Answer:

$2.90 per unit

Explanation:

The computation of the cost per equivalent unit of conversion is attached below:-

The formulas are shown below:-

Equivalent material = Direct material × Percentage completion

Equivalent conversion = Conversion × Percentage completion

The cost per equivalent unit come from

= Total cost ÷ number of equivalent units

hence, the cost per equivalent unit of conversion is $2.90 per unit

8 0

3 years ago

The idea behind customer relationship management is to enhance customer satisfaction and stimulate long-term customer loyalty.

MatroZZZ [7]

B. True This will ensure that You enhance and make a good relationship so your on good terms and have a long term customer

4 0

3 years ago

The Anderson Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%. The CF

astra-53 [7]

Answer:

e. The company will take on too many high-risk projects and reject too many low-risk projects.

Explanation:

By using the WACC for discounting purposes in case of the higher risk projects the net present value would be greater in such cases and also the high discount rate is applied. It is easily accepted but at the same time it also rise the organization risk

Therefore in the given case, the option e is correct and the same is to be considered

8 0

3 years ago

Which one of the following will increase the present value of a lump sum future amount to be received in 15 years?An increase in

Molodets [167]

Answer:

The correct answer is a decrease in the interest rate

good luck ❤

6 0

3 years ago

A tariff can be described as ____. The purpose of a tariff is to protect ___.

A tariff can be described as __. The purpose of a tariff is to protect _.