Answer:
$ 10,000 USD
Explanation:
Insurance companies are obliged to report to the federal government through form 8300 about transactions that exceed $ 10,000 or even transactions of a lower value that for some reason arouse the impression of suspicious activity; since criminals are normally aware of this rule and try to avoid the law as much as possible. This arrangement has been proposed by the government to control illicit activity and to comply with the anti money laundering program.
Answer:
It allowed pre-emptive identification of problems to minimize the impact on customers.
Answer:
March 15,
Dr. Dividend $20,520,000
Cr. Dividend Payable $20,520,000
April 13,
Dr. Dividend Payable $20,520,000
Cr. Cash $20,520,000
Explanation:
A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.
At The time of Declaration no payment is made, only a liability is created against the dividend payment.
Dividend Value = $0.095 x 216,000,000 shares = $20,520,000
Payment will be made by debiting the dividend payable account to adjust the liability account and Crediting cash for the payment of cash dividend.
The right answer for the question that is being asked and shown above is that: "c. suppliers that are located nearby to decrease delivery lead time." Companies using lean systems generally have <span>suppliers that are located nearby to decrease delivery lead time.</span>
Question:
Tariffs and quotas can potentially benefit domestic producers of protected products. Which of the following arguments do economists make?
A) Non-tariff barriers are more economically efficient.
B) This has almost no effect on foreign consumers and foreign producers.
C) The gains to domestic consumers are even higher because of lower prices.
D) The societal gains from free trade are greater as a result of specialization
Answer:
The correct answer is D) The societal gains from free trade are greater as a result of specialization.
Explanation:
There are two key words to look at here:
<em><u>Free Trade</u></em> and <em><u>Specialization</u></em>
<u>Free trade</u> means that countries can import and export goods without any tariff barriers or other non-tariff barriers to trade. Essentially, free trade enables
- lower prices for consumers,
- increases exports,
- benefits from economies of scale and
- a greater choice of goods.
<u>Specialization </u>in economics refers to a situation where a nation focuses on the production of a limited variety of goods where it has <em>comparative advantage.</em> It oftentimes has to forgo producing other goods and relies on obtaining those other goods through trade. A country has a comparative advantage at producing something if she can produce it at lower cost than anyone else.
Free trade leads to specialization, where a country only produces goods that they are most efficient at, i.e., in which they have a lower opportunity cost. Specialization leads to higher levels of output.
Other benefits of Free trade include but are not limited to:
- Efficiency: With free trade, domestic firms face competition pressure from companies abroad and therefore there will be more incentives to cut costs and increase efficiency. Free Trade encourages an efficient utilization of scarce resources.
- Free trade enables an increase in consumption as countries can consume combinations of goods outside their production capacity.
- Technology transfer occurs more easily with free trade, and this often leads to accelerated improvements in technology.
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