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NeX [460]
3 years ago
12

Tariffs Multiple Choice may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign co

mpetition (protective tariffs). are also called import quotas. are excise taxes on goods exported abroad. are per-unit subsidies designed to promote expo
Business
2 answers:
Fudgin [204]3 years ago
8 0

Answer:

May be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs).

Explanation:

A tariff refers to a tax or custom duty that is imposed on the goods that are imported from the foreign countries. It is the restriction on the imported goods to protect the domestic producers of a particular nation from the competition abroad.

The tariff also imposed to enhance the domestic production of the goods and increases the prices of the imports.

Archy [21]3 years ago
3 0

Answer:

may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs).      

Explanation:

In simple words, A tariff can be defined as a levy between autonomous regions on the imports as well as exports. This is a method of international exchange control, and a strategy that regulates foreign goods to support or protect local industry.

Tariffs offer an impetus to expand demand and substitute local goods with imports. Tariffs are intended to reduce international market pressures and minimize the trade imbalance. Traditionally, they have also been interpreted as a way of defending the embryonic factories and promoting urbanization through import substitution.

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The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. a. inve
Yakvenalex [24]

Answer:

The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.

Explanation:

Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.

<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.

7 0
2 years ago
On July​ 1, 2019, Montana Company has bonds with balances as shown below. Bonds Payable 66,000 Discount on Bonds Payable 3,800 I
Otrada [13]

Answer:

Loss on the retirement of $4,750

Explanation:

The following have the effect on the income statement which is a loss on the retirement and it amounts to $4,750

It is computed as:

Loss on retirement = Retirement value of the bonds - Issued price of the bonds

= $71,150 - $66,400

= $4,750

Working Note:

Issued Price of bonds = Face value - Discount on bonds payable

= $70,000 - $3,600

= $66,400

7 0
2 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

<u>Units-of-production </u>

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

<u> Double-declining-balance. </u>

Depreciation rate        20,00%        1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx
6 0
3 years ago
Suppose that you only have liability and collision car insurance and you allow your roommate(who doesn’t have car insurance) to
tatuchka [14]

The accident would likely be covered under the collision insurance, which covers the policyholder's car when it collides with another car or an object (in this case it would be an object since it was a single-vehicle accident.

If you only had liability coverage, the damage would likely not be covered because liability insurance only covers the damage caused to the other person and their car, not you or your car.

This will also be added to your insurance record even though you weren't the one driving because it was your vehicle and your policy.

6 0
3 years ago
A process for two or more people coming together to operate an investment, such as partnerships or corporations, is
Ludmilka [50]

A process for two or more people coming together to operate an investment, such as partnerships or corporations, is Franchise.

<h3>What is franchise?</h3>

Franchise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger entity.

Advantages of owing a franchise are :

  • A franchise owner gets valuable help throughout the lifespan of the business.
  • Owning a franchise comes with a low rate of failure.

Therefore, franchise is a process whereby two or more people come together to operate an investment, such as partnerships or corporations.

Learn more about franchise here: brainly.com/question/3687222

4 0
2 years ago
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