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iogann1982 [59]
3 years ago
9

For each hypothetical scenario, indicate whether the tariff described is more likely a protective tariff or a revenue tariff.

Business
1 answer:
LenaWriter [7]3 years ago
7 0

Answer:

a. In response to concerns from business leaders, a legislator has designed a new tariff on raw materials used by many manufacturing firms. The legislator felt the new tariff was necessary based on input from the private sector that new discoveries of natural resources abroad would threaten to put domestic producers of raw materials out of business. To meet this goal, this tariff will charge $1,500 on every crate of the imported goods plus an additional 6% of the total value of the imported goods.

  • protective tariff since it is designed to protect domestic industries from competition of out of state producers. It is designed to increase the price of imported goods.  

b. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million, To meet this goal, this tariff will charge $2,000 on every ton that is imported.

  • revenue tariff since its main purpose is to increase government revenue, not to protect domestic industries.
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Vaughn Manufacturing incurred the following costs for 72000 units: Variable costs $432000 Fixed costs 392000 Vaughn has received
Zinaida [17]
$7.8
Explanation:
Variable costs = $504,000
Fixed costs = $392,000
Number of units produced = 84,000
Shipping charges = $4,500
Therefore, the variable cost per unit is calculated as follows:
= Variable costs ÷ Number of units produced
= $504,000 ÷ 84,000
= $6 per unit
Incremental fixed cost per unit (For 2,500):
= Shipping cost ÷ 2,500
= $4,500 ÷ 2,500
= $1.8 per unit
Therefore, the unit sales price will be the sum total of variable cost per unit and incremental fixed cost per unit for the shipping charges.
BEP (in sales price per unit):
= Variable cost per unit + incremental fixed cost per unit
= $6 + $1.8
= $7.8
4 0
3 years ago
A $20,000 loan with interest at 3.5% is being repaid by 35 level annual payments. The first payment is due one year after the lo
Klio2033 [76]

Answer:

To find EMI (P) we know that the yearly EMI for the loan of $20000 for 35 years at an interest of 3.5% is $992 per year.

Therefore upon calculating the loan after the seventeenth year we have $19252

The EMI calculated after the one-third permitted on the seventeenth payment is, therefore: $992*1/3= 992/3=$330

Therefore, the balance calculated after the twenty-seventh instalment = $6150

Therefore the yearly EMI (P) for the loan of $6150 at 4% for the remaining eight years is $900 per year.

Explanation:

To find EMI (P) we know that the yearly EMI for the loan of $20000 for 35 years at an interest of 3.5% is $992 per year.

Therefore upon calculating the loan after the seventeenth year we have $19252

The EMI calculated after the one-third permitted on the seventeenth payment is, therefore: $992*1/3= 992/3=$330

Therefore, the balance calculated after the twenty-seventh instalment = $6150

Therefore the yearly EMI (P) for the loan of $6150 at 4% for the remaining eight years is $900 per year.

4 0
3 years ago
for the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entr
Andrew [12]

Following Adjustments are being shown below.

<u>Which two accounts are affected ?</u>

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<u>What kind of accounts are they? </u>

  • Current asset<em> </em>

<u>Do the account balances increase or decrease? </u>

  • Increase

<u>Do we debit or credit the accounts? </u>

  • Debit

Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.

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4 0
1 year ago
A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the custome
lapo4ka [179]

A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the customer may sell these shares Over a 90-day period.

The stock exchange is a marketplace where securities, commodities, derivatives, and other financial instruments are traded. The central function of an exchange is to ensure fair and orderly trading and the efficient dissemination of price information regarding securities trading on that exchange.

The exchange enables businesses to raise capital and investors to make informed decisions based on real-time pricing information. An exchange can be a physical location or an electronic trading platform. Bitcoin He is like one stock and advisers do not recommend investing the majority of his portfolio in one company. Planners suggest that if you're passionate about Bitcoin, don't invest more than 1% to 10% in it at most.

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6 0
2 years ago
Help me with this I do not know how to answer it
Scrat [10]

Answer:

its to small we cant see

Explanation:

3 0
4 years ago
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