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coldgirl [10]
3 years ago
12

What happens when a tariff is used?

Business
2 answers:
Alecsey [184]3 years ago
8 0

I will give you a hint: <em>Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result.</em>

adell [148]3 years ago
6 0
C country places a tax on good from another country
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On November 1, 2021, Aviation Training Corp. borrows $48,000 cash from Community Savings and Loan. Aviation Training signs a thr
mixas84 [53]

Answer:

Explanation:

The journal entries are shown below:

(A) Cash A/c Dr $48,000

             To Notes payable A/c $48,000

(Being note is issued for cash)

(B) Interest expense A/c Dr $480

              To Interest payable A/c $480

(Being accrued interest adjusted)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000 × 6% × (2 months ÷ 12 months)

= $480

The 2 months is calculated from November 1 to December 31

(C) Interest expense A/c Dr $240

Interest payable A/c Dr $480

Notes payable A/c Dr $48,000

                       To Cash A/c $48,720

(Being cash is paid on maturity)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000 × 6% × (1 months ÷ 12 months)

= $480

The 1 months is calculated from December 31 to January 31

8 0
3 years ago
What was ireland's greatest export during the 1840s?
Viefleur [7K]
People was the greatest export
8 0
3 years ago
Read 2 more answers
Two reasons why people are hesitant to report corruption
Mazyrski [523]
<span>Corruption is stealing of funds that are not supposedly owned by the stealer. In most cases, it mostly happening in institutions and organizations. People are hesitant to report corruption because (1) they would be ‘silenced’ (killed) by the person they are trying to expose or (2) they are part of the dirty job.</span>
7 0
3 years ago
You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an
Alex

Answer:

The withdrawals will be of  $ 11,379.014 per month

Explanation:

Future value of the annuities:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C         750.00

time 360(30 years x 12 monhs per year)

rate 0.008333333 (10% / 12 months)

750 \times \frac{1-(1+0.00833)^{-360} }{0.008333} = PV\\

PV $1,695,365.9436

C \times \frac{(1+r)^{time} -1}{rate} = PV\\

C         250.00

time 360 (30 years x 12 monhs per year)

rate             0.005 (6% / 12 months)

250 \times \frac{(1+0.005)^{360} -1}{0.005} = PV\\

PV $251,128.7606

Total 1,695,365.84 + 251,128.76 = 1.946.494,6‬

and from here we withdraw for 25 years:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 1,946,495

time 300 (25 years x 12 months)

rate 0.004166667 (5% / 12 months)

1946494.6 \div \frac{1-(1+0.004167)^{-300} }{0.004167} = C\\

C  $ 11,379.014

6 0
3 years ago
Suppose that a bank has loaned money to two businesses: a trustworthy computer manufacturer and a risky mining venture. Unfortun
Vladimir [108]

Answer:

The situation is called insolvency. bank is unable to pay to depositor.

Explanation:

The situation is called insolvency. insolvency is refer to the situation when debtor is unable return its debt.  The same is happened in the given situation. In the above case due to not paid by manufacturing unit, bank is unable to pay to depositor.

Insolvency is refer to that critical condition when debtor unable to pay amount to depositor. In the above given case even if bank want to sell its all assets it cannot cover its liabilities.

3 0
3 years ago
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