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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.

<span>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.</span>

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Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota

balu736 [363]

Answer:

Tatum Company

1. The carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to individual products is:

= $ 303,000

2. Adjusting Journal Entry:

Debit Cost of Goods Good $38,000

Credit Inventory $38,000

To write-down the value of ending inventory.

Explanation:

a) Data and Calculations:

Product Total Cost Total Net Realizable Value LCNRV

101 $ 136,000 $ 108,000 $ 108,000

102 99,000 118,000 99,000

103 68,000 58,000 58,000

104 38,000 58,000 38,000

Total $ 341,000 $ 342,000 $ 303,000

Write-down:

Cost of inventory = $341,000

LCNRV of inventory 303,000

Inventory write-down $38,000

8 0

3 years ago

Predicting what types of bicycles different customers will want and deciding which of these customers the business will try to s

Eva8 [605]

The correct alternative is letter c. marketing. Predicting what types of bicycles different customers will want and deciding which of those customers the company will try to satisfy are activities that a company must do as part of marketing.

<h3 /><h3>What is marketing?</h3>

It corresponds to a set of techniques and strategies developed by a company whose main objective is to create value for its consumers through communication, organizational image, products and services, establishing relationships that increase competitiveness and profitability in the active market.

Therefore, marketing helps in forecasting trends that satisfy the needs and wants of your consumer, as well as predicting the types of bicycles that customers will want as exemplified in the statement.

Find out more about marketing here:

brainly.com/question/25754149

#SPJ1

5 0

1 year ago

We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think

vivado [14]

Answer:

The illusion of time

Explanation:

This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.

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2 years ago

Thomas Book Sales, Inc., supplies textbooks to college and university bookstores. The books are shipped with a proviso that they

nydimaria [60]

Answer:

Explanation:

In this question, we have to find out the net profit and the net cash flow which is shown below:

Net profit = Sales - cost of goods sold

= $760,000 - $300,000

= $460,000

And, the net cash flow would be

= Cash collections - Cost of goods sold

= $6,90,000 - 3,00,000

= $3,90,000

Hence, the cash flow statement is more beneficial for the company as the income statement does not state about the collection amount which results in the absence of the shareholder contribution wealth.

6 0

3 years ago

What are the five primary factors of production?

Lina20 [59]

Land, labor, capital, and entrepreneurship

7 0

3 years ago