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3 years ago

What is protectionism and why would a country base trade policy on it? Explain at least two reasons.

1 answer:

3 0

Protectionism is a government or economic policy that does not allow foreign or international trade through methods and variety of government regulations outlined to promote fair competition with the goods and services made domestically. Business and workers were protected within a country through regulating or obstructing trade with different countries.

A country should base trade policy for two reasons. 1.) It protects local businesses and jobs. 2.) It promotes fair competition on the local goods and services.

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Economics is the study of how people, businesses and governments make choices when faced with an unlimited supply of resources.

Setler79 [48]

True i think but i could be wrong

8 0

3 years ago

Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 922 $ 17,9

baherus [9]

Answer:

Fixed costs= $9,021.27

Explanation:

Giving the following information:

April 922 $ 17,912

May 983 $ 18,300

June 928 $ 17,965

July 912 $ 17,810

August 934 $ 17,994

September 919 $ 17,880

October 936 $ 18,032

November 876 $ 17,290

December 915 $ 17,838

To calculate the variable and fixed component, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (18,300 - 17,290) / (983 - 876)

Variable cost per unit= $9.4392

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 18,300 - (9.4392*983)

Fixed costs= $9,021.27

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 17,290 - (9.4392*876)

Fixed costs= $9,021.27

4 0

3 years ago

Prime Corporation liquidates its 85% owned subsidiary Bass Corporation under the provisions of Secs. 332 and 337. Bass Corporat

aliya0001 [1]

Answer:

$20000 gain for John Corporation and $10000 loss for Bass Corporation.

Explanation:

John Corporation gain(loss) = FMV of property - Liability assumed - Stock basis

= 55000-10000-25000

= 20000

Bass Corporation gain/loss = 55000-65000

= - 10000

Therefore, $20000 gain for John Corporation and $10000 loss for Bass Corporation.

5 0

3 years ago

Isabel, a human resources assistant, wants to conduct safety training for employees. So, she's creating a graphic to inform empl

strojnjashka [21]

Answer:

I think its C if it's not then sorry

8 0

3 years ago

On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 5,500 units of Comfort Office Keyboard to one of its clients

madam [21]

Answer:

A. 2

B. May 1, 2021

Dr Cash $94,600

Cr Deferred revenue $89,870

Cr Deferred revenue-coupons $4,730

C. May 1, 2021

Dr Cash $94,600

Cr Deferred Revenue $94,600

Explanation:

A. Based on the information given the numbers of PERFORMANCE OBLIGATIONS that are in this contract is 2 which are:

KEYBOARD and CUSTOMER OPTION FOR FUTURE DISCOUNT

B. Preparation of the journal entry that Meta would record on May 1, 2021.

May 1, 2021

Dr Cash $94,600

Cr Deferred revenue $89,870

($94,600-$4,730)

Cr Deferred revenue-coupons $4,730

(5%*$94,600)

C. Preparation of the journal entry that Meta would record on May 1, 2021

May 1, 2021

Dr Cash $94,600

Cr Deferred Revenue $94,600

8 0

3 years ago