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jeka94
3 years ago
5

The argument that industries should be temporarily protected by tariffs or quotas to allow firms to develop a competitive produc

t is called the:_________
a) antidumping argument.
b) competitive relief argument.
c) countervailing duty argument.
d) infant industry argument.
Business
1 answer:
olga55 [171]3 years ago
8 0

Answer: infant industry argument

Explanation:

The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.

This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.

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Fifteen-year-old Clara enjoys working with people and likes to help others. She has been a big help to her mother in caring for
Sladkaya [172]

Answer: Social Vocation

Explanation:

This is because she derives joy from helping others.

Great interpersonal relationship, compassion are characteristics. So also she’ll have enough time to do all the humanitarian work she loves.

6 0
3 years ago
Read 2 more answers
Prepare the 2017 and 2018 common-size balance sheets for just dew it. (do not round intermediate calculations. Enter your answer
Nina [5.8K]

Answer:

The accounts and other information were missing, so I looked them up:

                JUST DEW IT CORPORATION

                                 Balance Sheet

                              For 2017 and 2018

                                               2017        2018        Cash

                                                                             source / use

Assets:

Current assets

Cash                                    $12,157     $14,105    source

Accounts receivable        $29,382     $32,815    use

Inventory                           $54,632    $57,204     use

Total current assets           $96,171    $104,124

Non-current assets

Net plant and equip.       $367,241   $375,830    use

Total assets                     $463,412   $479,954

Liabilities and stockholders' equity:

Current liabilities

Accounts payable            $46,382     $49,276      source

Notes payable                  $18,246       $19,784     source

Total current liabilities     $64,628     $69,060

Long term debt

Long-term debt                $49,000     $45,000     use

Owners’ equity

Common stock and

paid-in surplus                 $50,000      $50,000        -

Retained earnings          $299,784     $315,894     source

Total owners' equity       $349,784    $365,894

Total liabilities and

stockholders' equity:       $463,412    $479,954

3 0
3 years ago
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units)
prohojiy [21]

Answer:

If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is $52,500

Explanation:

For computing how much amount  is recorded in the balance sheet, first we have to calculate the per unit cost.

The formula to compute the per unit cost is shown below:

= Total production cost ÷ Number of units

where,

Total production cost = Direct labor + Direct material + Variable factory overhead

= 240,000 + $180,000 + 280,000

= $700,000

And, the number of unit is 20,000 units

Now, put these values on the above equation which is equals to

= $700,000 ÷ 20,000

= $35 per unit

After that, multiply the per unit cost with unsold units

In mathematically,

= 1,500 units × $35 per unit

= $52,500

Hence, If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is $52,500

5 0
3 years ago
During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered t
Andrews [41]

Answer:

Joel is behaving in a totally unprofessional & unethical manner

Explanation:

As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.

As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices

We can therefore, say that Joel's decision is thoroughly unethical & unprofessional

5 0
3 years ago
Read 2 more answers
Strategically, having more than 1,000 suppliers results in a complex task of managing those suppliers, ensuring the quality of t
slavikrds [6]

Answer:

There are pros and cons of having 1,000 different suppliers for IKEA. In one way you can are not limited to choice, price or quality and have enough suppliers to shift production requirements to meet demand surges.

However, manage 1,000 different suppliers can also lead to quality issues that are difficult to sustain. IKEA can do a number of things including:

Explanation:

  • With so many products, IKEA can categorize each supplier e.g. fabric suppliers, wood suppliers, kitchen etc. In this way, it will be easier for different departments to be set up that actively manage these category of suppliers.

  • Since IKEA is a global brand, they can further categorise each supplier based on location. For example, they can have suppliers for the Asia-Pacific Market, other suppliers for the Middle East and another group for Europe and North America.

  • IKEA can also outsource is supply. Going by an 80:20 strategy where 80% of them are direct suppliers while 20% of them are outsourced, third part suppliers who only step in when required.
4 0
3 years ago
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