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3 years ago

An import restriction (tariff or quota) creates a net loss in welfare for the importing nation because:___________

Business

1 answer:

Helen [10]3 years ago

5 0

Answer:

Explanation:

An import restriction as the term implies is done to limit the amount of a certain good that is imported into the country. Usually this is done to protect the domestic producers of the good in question who are not be as efficient as the country being imported from and so charge higher prices.

The people in the economy will experience a net loss in welfare because they will now be paying higher prices and as well will be transferring some of their income to their government because import restrictions like tariffs will see their costs passed on to the consumer.

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On January 1, 2021, Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining

Nataly_w [17]

Answer:Gundy Enterprise journal $

Date

Jan 31 2021

Income statementl Dr 641.67

Mortage Interest. Cr. 641.67

Recognition of interest payable on mortgage loan for December 2021

Jan 31 2021

Mortgage principal Dr 635.52

Mortgage interest Dr. 641.67

Bank Cr. 1277.19

Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.

Explanation:

The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.

The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.

4 0

3 years ago

Please help need this done for class tomorrow!

Ivanshal [37]

Answer:

0.31

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income

Percentage change in income = $\frac{1000-300}{300}$ = 2.3

when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29

Percentage change in quantity = $\frac{0.5 - 0.29}{0.29}$ = 0.72

0.72/2.3 = 0.31

7 0

3 years ago

In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitec

Andre45 [30]

Answer:

Price to be paid now = $52.89

Explanation:

<em>The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return. </em>

T<em>he stock would be held for just a period, hence we would use the single period return model. This is given as follows:</em>

Price now = D/(1+r) + P×(1+r)

Dividend , r - rate of return, P -year-end price of stock

Dividend = 4.35, r-16%, P- 57

Price = 4.35/(1.16) + 57/(1.16)= $52.89

Price to be paid now = $52.89

7 0

3 years ago

For each of the following, is it part of demand for yen or supply of yen in the foreign exchange market? a. A Japanese firm sell

Lorico [155]

Answer:

a. A Japanese firm sells its U.S. government securities to obtain funds to buy real estate in Japan.

This contributes to the demand for yen

b. A U.S. import company pays for glassware purchased from a small Japanese producer.

This contributes to the demand for yen

c. A U.S. farm cooperative receives payment from a Japanese importer of U.S. oranges.

This contributes to the supply of yen for foreign exchange

d. A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange.

This contributes to the demand for yen

Explanation:

3 0

3 years ago

Incorrect answer icon Your answer is incorrect. The total estimated manufacturing overhead of $264,000 was comprised of $168,000

AlexFokin [52]

Under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are:

(a) One mobile safe $210 per unit .

(b) One walk-in safe $168 per unit.

<h3>What is activity-based costing?</h3>

Activity-based costing is the costing method that assigns overhead and indirect costs to products and services based on consumption of activities.

<h3>Data and Calculations:</h3>

Materials handling costs = $168,000

Purchasing activity costs = $96,000

Total estimated manufacturing overhead = $264,000 ($168,000 + $96,000)

The following figures are assumed:

<u>Activities</u>:

Materials handling cost $168,000

Total hours of materials handling = 40,000 hours

Activity rate = $4.20 ($168,000/40,000) per hour

Purchasing activity cost = $96,000

Number of units purchased = 30,000

Activity rate = $3.20 ($96,000/30,000)

<u>Consumption of activities</u>:

Material Handling hours Number of Units used

Mobile safe per unit 50 hours 3 units

Walk-in safe per unit 40 hours 2 units

<u>Overhead assigned</u>:

Material Handling

Mobile safe per unit 50 hours x $4.20 = $210

Walk-in safe per unit 40 hours x $4.20 = $168

Thus, under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are as indicated above.

Learn more activity-based costing at brainly.com/question/6654166

5 0

3 years ago