Is It important to follow directions from supervisors even when you disagree with them

Assume that the United States has a comparative advantage in aircraft manufacture and India has a comparative advantage in produ

AlekseyPX

Answer:

1. Explain who in the United States would gain?

The government of the United States will gain from the Import duties that will be charged on the Indian textiles.

2. Who might lose from dismantling trade barriers between the United States and India?

The USA will lose if trade barriers are dismantled.

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

Explanation:

1. The government of the United States will gain from the Import duties that will be charged on the Indian textiles. The government will make huge revenues from the import duties since India will manufacture the textiles at the cheapest costs per unit and influx the USA with affordable and quality clothing.

2. The USA will lose if trade barriers are dismantled.

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

5 0

3 years ago

Sunland has year-end account balances of Sales Revenue $744,020, Interest Revenue $13,110, Cost of Goods Sold $513,065, Administ

alexira [117]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr $744,020

Interest revenue A/c Dr $13,110

To Income Summary $757,130

(Being revenue account closed)

2. Income summary A/c Dr $748,054

To Cost of Goods Sold $513,065

To Administrative Expenses $202,210

To Income Tax Expense $32,779

(Being expenses accounts are closed)

3. Income summary A/c Dr $9,076 ($757,130 - $748,054)

To Retained earning $9,076 ($757,130 - $748,054)

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $20,221

To Dividend A/c $20,221

(Being dividend account is closed)

5 0

3 years ago

At its inception, Peacock Company purchased land for $50,000 and a building for $220,000. After exactly 4 years, it transferred

Viktor [21]

Answer:

Selvick company should record the building at $220,000 and accumulation depreciation of $44,000

Explanation:

The computation of deprecation is shown below:

Depreciation = (Original cost - salvage value) ÷ useful life

where,

Original cost is $220,000

Salvage value is 0

And, the useful life is 20 years

Now put these values to the above formula

So, the answer would be equal to

= $220,000 - 0 ÷ 20

= $11,000

And, the accumulated depreciation would be

= Depreciation × number of years

= $11,000 × 4

= $44,000

we ignored other information which is given in the question, as we have to compute the depreciation through Straight line method.

Hence, Selvick company should record the building at $220,000 and accumulation depreciation of $44,000

7 0

3 years ago

In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million

ycow [4]

Answer:

Adults= 239.75 million.

Explanation:

Giving the following information:

In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million were unemployed, and 86.39 million were not in the labor force.

Adults= 139.93 + 13.43 + 86.39= 239.75 million.

4 0

4 years ago

Which of the following items is a major principle pertaining to selection under the Americans with Disabilities Act?

Slav-nsk [51]

Answer:

A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.

Explanation:

The Americans with Disabilities Act became a law in the year 1990 in the United States of America. It is a $\text{civil rights law}$ which prohibits and prevents any discrimination against a person with disability in any sphere, i.e. in school educations, employment and all the places that are opened for the general public.

It states that it is illegal to use the criteria which will screen out the individuals with any disabilities except the criteria are consistent with business necessity.

7 0

3 years ago