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3 years ago

Consider each argument for limiting international trade:

Business

1 answer:

IgorC [24]3 years ago

5 0

Answer:

a. This statement opposes the unfair competition argument.

b. This statement __supports____the___fair standards___ argument.

c. This statement__supports__ the__infant industry___ argument.

d. This statement __supports__the___unfair competition__ argument.

e. This statement ___opposes___the__national security___ argument.

f. This statement ___opposes__the___fair standards__ argument.

g. This statement ___supports__the__national security__ argument.

h. This statement __supports__the__unfair competition__ argument.

Explanation:

1. The national security argument suggests that national security requires that strategically important goods be produced domestically.

2. The infant industry argument suggests that protection can help infant industries develop.

3. The unfair competition argument suggests that anti-dumping laws prevent unfair competition.

4. The fair standards argument suggests that trade should not enable firms to skirt regulations.

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Explanation:

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last year, cayman corporation had sales of $26 million, total variable costs of $15 million, and total fixed costs of $5,000,000

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Answer:

Cayman Corporation

The increase in operating income is 27.5% (or $1.65 million).

Explanation:

a) Data and Calculations:

Sales last year = $26 million

Total variable costs 15 million

Contribution margin $11 million

Fixed costs 5 million

Operating income $6 million

Bondholders' interest 4 million

Income before tax $2 million

Income taxes (21%) 0.42 million

Net income $1.58 million

Last Year Increase by 15%

Sales revenue = $26 million $29.9 million

Total variable costs 15 million 17.25 million

Contribution margin $11 million $12.65 million

Fixed costs 5 million 5.0 million

Operating income $6 million $7.65 million $1.65 m or 0.275

Bondholders' interest 4 million 4.0 million

Income before tax $2 million 3.65 million

Income taxes (21%) 0.42 million 0.7665 million

Net income $1.58 million 2.8835 million = 82.5%

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3 years ago