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Mazyrski [523]
4 years ago
10

The benefit of saving some American jobs in specific industries protected from foreign competition Multiple Choice a. has risen

in recent years. b. is much less than the costs to the whole American economy. c. is much greater than the costs to the whole American economy. d. has fallen in recent years.
Business
1 answer:
frutty [35]4 years ago
7 0

Answer:

B. is much less than the costs to the whole American economy.

Explanation:

When foreign industries are prevented from entering the U.S. Market, the supply of the products that those foreign firms would provide is kept artificially low, in order to benefit domestic producers. This means that prices become more expensive than they should be, affecting all consumers.

For example, if the U.S. barred car imports from Japan, cars would become very expensive, and while the national car industry would benefit, the vast majority of consumers would be harmed by the higher prices.

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Answer:

Answer is A. USD 80/-

Explanation:

Using FIFO costing, we get:

  • <u>Gross Profit = Sales - Cost of Goods Sold </u>

COGS (Cost of Goods Sold) for two units,

COGS = First purchase + Second purchase

COGS = $70 + $80

COGS = $150

Sales = $230

  • <u>Calculating the Gross Profit: </u>

GP (Gross Profit) = Sales - Cost of Goods Sold

GP = $230 - $150

GP = $80

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3 years ago
Read 2 more answers
The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beg
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Answer:

$ 168,000

Explanation:

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the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

5 0
3 years ago
A student claims that he can correctly identify whether a person is a business major or an agriculture major by the way the pers
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3 years ago
Formal communication within a business _____.
labwork [276]

Answer:

The answer is (B) typically follows the same path as the company’s organization chart.

Explanation:

Formal communication in a business refers to a type of communication that is intended to follow a certain agenda or written or expressed verbally in a formal tone. Because of its form and adherence to standards, it usually requires the approval of multiple parties within the organization, and thus follows the same lines as a company’s organization chart.

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Large loans for shopping centers are most likely to be made by
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