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Natali5045456 [20]
3 years ago
5

The cost of manufacturing a specific good in a developing country is less than the cost to manufacture it in the United States.

What is the most likely result if that country exports the good to U.S. markets? Prices will decrease and the quantity produced will increase. Companies will expand production to compete in the industry. Congress will raise the rates on international tariffs. Prices will remain stable but quality will decline.
Business
1 answer:
Lana71 [14]3 years ago
7 0

Answer:

Prices will decrease and the quantity produced will increase.

Explanation:

Because labor costs are lower in developing countries, when these countries produce manufactured goods, they do it at a lower cost, meaning that these goods will also have a lower price for the final consumers. If these cheaper goods are exported to the U.S. market, the U.S. market is flooded with more goods at a lower price, something that may affect some U.S. firms, but that benefits the majority of U.S. consumers.

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Can a Marginal cost curve NOT be U shaped?
pogonyaev

Answer:

The marginal cost curve is usually U-shaped. Marginal cost is relatively high at small quantities of output; then as production increases, marginal cost declines, reaches a minimum value, then rises.

Explanation:

N/A

8 0
2 years ago
What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your op
erma4kov [3.2K]
The common arguments that are in favor of Corporate Social Responsibility (CSR) are:
Public image of the company.
Moral Justification.
Public Support for business.
Long run survival of the organization and the public both.
Common arguments that go against CSR are:
Ambiguity in business policies.
Moral Responsibility.
Shareholders' rights
Explanation:
Against
The public should perceive the company as their savior and not their enemy. CSR helps a company stay in the good books of the public. If a cigarette manufacturing company opens a profit free farm or a recreational park for the public, it will ensure the maintenance of a positive image.
Morally, when a company takes something from the public e.g their clean air, or clean environment, then morally the company is bound to give something in return e.g a water filtration plant.
CSR can lead the public to support the company during times of need. A company during tough times might get several volunteers if it is known to have given much to the public.
Co-dependence is essential for the survival of both the organization and the public. Companies excel if the public likes them. If a company has been known to have only take and never give, then the balance is disturbed.
Against:
Not every company has the resources or interest to focus on one problem. Therefore, ambiguous policies of different organizations lead to partial working on one social issue or environmental issue. it leads the problem to be partially solved and not completely eliminated.
Company might morally owe the public in some domain but might not have the resources to fix that particular problem. It may leave the company in a moral debt. In order to compensate, a company may go beyond its capabilities which will not result in mutual benefit. Only one party will be happy.
CSR activities require resources. A company has several stakeholders and all might nit agree to spending/donating their profits for CSR activities. This may sound 'selfish' but public doesn't always know what the stakeholders are going through. CSR in such a case may deprive a stakeholder from a fraction of his share of profit.
5 0
3 years ago
The following information relates to Oriole Company for the year 2020.
Talja [164]

Answer and Explanation:

The Preparation of income statement for the year ending December 31, 2017 is shown below:-

                     <u>  Oriole Company</u>

<u>                           Income Statement</u>

<u>            For the Year Ended December 31, 2017</u>

Particulars Amount

Service Revenue $86,250

Less:

Expense

Salaries and Wages

Expense $38,640

Rent Expense $14,352

Utilities Expense $4,278

Advertising Expense $2,484

Total Expenses $59,754

Net Income/ (Loss) $26,496

Therefore for determining the net income/loss we simply deduct the total expenses from service revenue.

3 0
3 years ago
Exercise 4-2A Effect of inventory transactions on journals, ledgers, and financial statements: Perpetual system LO 4-1 Dan Watso
rodikova [14]

Answer:

Explanation:

a. General Journal    

1

Dr Cash $27,500

Cr Common Stock  $27,500

2

Dr Merchandise Inventory $22,000

Cr Cash  $22,000  

3

Dr Cash $ 30,500

Sales  $ 30,500

4

Dr Cost of goods sold $ 15,600

Merchandise Inventory  $ 15,600

c)

Income Statement    

For the year ended December 31,Year 1    

Sales $ 30,500

Cost of good sold $ 15,600

Gross Margin $ 14,900

d)

Cash Flow from Operating Activities:    

Purchase of Inventory ($22,000)    

Cash Sales made $ 30,500

Cash Flow from Operating Activities $8,500

3 0
4 years ago
Suppose Capital One is advertising a 60​-month, 5.04 % APR motorcycle loan. If you need to borrow $ 8 comma 100 to purchase your
zhuklara [117]

Answer:

$153.01

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment

Given that,  

Present value = $8,100

Future value or Face value = $0

RATE =   60 months = 5 years × 12 months

NPER = 5.04% ÷ 12 months = 0.42%

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $153.01

3 0
4 years ago
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