Answer:. A. a decrease in the consumer surplus of Japanese consumers.
Explanation:
When an import quota is imposed, it has the effect of limiting the imports of a commodity into an economy.
The effect of this is that supply drops as goods are no longer coming in from outside.
Because of this drop in supply, there is a increase in price.
This increase will reduce the Consumer surplus.
How?
Consumer Surplus is defined as the price that consumers pay vs the price they are willing to pay.
Because there was more supply, they were paying a price less than what they were willing to pay. As this supply has now dropped, the price they are paying is now closed to the price they are willing to pay.
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Identify the issues. Be clear about what the problem is. ...
Understand everyone's interests. ...
List the possible solutions (options) ...
Evaluate the options. ...
Select an option or options. ...
Document the agreement(s). ...
Agree on contingencies, monitoring, and evaluation.
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Answer:
See explanation section
Explanation:
October 5 Merchandise Inventory Debit $4,700
Accounts Payable - Bramble Company Credit $4,700
<em>To record the merchandise Inventory purchase on account. As the company uses perpetual inventory system, merchandise inventory becomes debit instead of purchase account.</em>
October 8 Accounts payable Debit $720
Merchandise Inventory credit $720
<em>To record the return of defective goods to Bramble Company. (Using perpetual inventory system)</em>
Answer:
Both types of businesses don't issue stocks.
Explanation:
Sole Proprietorship is basically the owner of the business that he runs and the business and the person are the same entity. So sole proprietor is the only owner of the business and the such businesses which are not registered as companies doesn't issues the stock.
In the partnership businesses, there are also no stocks issuance instead the partner signs the partnership agreement and handover the investment to partnership. So this is how it works.
Answer and Explanation:
The journal entry to record the distribution is as follows;
But before that following calculations need to be required
Capital, Henry = $45,000
Capital, Luther = $37,000
Capital, Gage = -$5,000
Now there is a deficiency in the gage capital account i.e. $5,000 should be borne by Henry and Luther in equal ratio i.e. $2,500 each
Now the henry final balance is
= $45,000 - $2,500
= $42,500
And, the luther final balance is
= $37,000 - $2,500
= $34,500
Now the journal entry is
Henry, capital $42,500
Luther, capital $34,500
To Cash $77,000
(Being distribution is recorded)
here the capital account is credited as it reduce the stockholder equity and cash is credited as it also reduced the assets