When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a protective tariff.
Protective tariffTariffs that are implemented with the intention of safeguarding a domestic industry are referred to as protective tariffs. Their goal is to raise the price of imported items relative to domestically produced equivalents, which will increase sales of domestically made goods and help the local economy. Tariffs are also applied to increase tax revenue for the government or to stop a bad activity (sin tax). The goals of protection and revenue maximization propose distinct tariff rates, necessitating a choice between the two objectives, even if a tariff can simultaneously safeguard domestic industry and generate government money.
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By what specific measurement is construction used as an economic indicator for the u.s. economy?
The specific construction measurement used as an indicator for the health of the economy in the United States is housing starts.
What is housing starts?
The phrase "housing starts" refers to the beginning of building a new residential dwelling.
A crucial economic indicator frequently observed by players in the financial markets, new housing is a high-ticket capital product that encourages extra consumer expenditure on furnishings and appliances.
Based on a poll of homebuilders that is partially funded by the U.S., the U.S. Census Bureau publishes estimates of U.S. housing starts on the 12th business day of every month. Urban Development and Housing Department.
A count of building permits collected from a separate survey of building permit offices are also included in the New Residential Construction report along with information on housing completions.
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Duck corporation retained earnings increased $41,000 during the current year. what was duck's current year net income or loss given that duck declared $51,000 of dividends during this year?
The answer is $92, 000.
Duck corporation retained earnings increased $41,000 during the current year. Then the net income of duck's corporation in current year given that duck declared $51,000 of dividends during this year, is $92, 000.
What is the formula used in this question?The formula to calculate net income/ net loss is:
Net income/ net loss = Retained Earnings + Dividend
Now as the retained earnings have increased, the value will be in positive. Also as the value of retained earnings is positive, the final answer will be the net income of the Duck's Corporation.
Putting the values,
Net income = $41,000 + $51,000
Which gives us the answer to be net income of Duck's Corporation as $92,000.
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Experts predict that mergers in the first part of the twenty-first century will be the
result of cash-rich companies looking to acquire businesses that will enhance
their position in the marketplace.
a.true
b.false
The prediction that "mergers in the first part of the twenty-first century will be the result of cash-rich companies looking to acquire businesses that will enhance their position in the marketplace" is true.
What is merger?
Merger means the fusion of two or more firms, it is mostly likely that a bigger company, such a bigger pharma company sees the need to acquire another smaller firm which has potentials in areas other than that of the bigger firm which would enhance the market value of the bigger firm in the market when the smaller one is acquired.
In most case, cash-rich companies see the need to use a portion of their large cash reserve to build a diversified portfolio of products by seeking to buy over smaller but lucrative businesses.
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On december 31, mueller inc., makes an adjusting entry to accrue salaries expense. as a result of this entry, mueller's:______
Mueller Inc. records an adjustment entry on December 31 to accumulate the cost of compensation. This entry will result in a drop in Mueller's equity and an increase in liabilities.
The value that can be attributed to a company's shareholders is known as equity in finance and accounting. The market value of equity is determined by a number of factors, including the current share price (if the company is publicly traded) or a value established by investors or valuation experts. The book value of equity is determined as the difference between assets and liabilities on the company's balance sheet. The balance is also known as the shareholders', owners', or stockholders' equity or net worth.
In accounting, equity is consistently recorded at book value. Accountants create financial accounts and use the balance sheet equation, assets = liabilities + equity, to calculate this amount. Equity = Assets - Liabilities is another way to write the equation.
A company's assets are represented on its balance sheet as the total of all of its current and non-current assets. The primary asset accounts consist of equity cash, receivables, inventories, prepaid costs, fixed assets, property, plant.
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To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a court would likely review this ordinance under the principles of:____________
To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.
What is principle equal protection?The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.
Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.
Hence, To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.
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__ are products that have low immediate appeal but may benefit consumers in the long run.
Salutary products are products that have low immediate appeal but may benefit consumers in the long run.
What is Long Run?There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.
A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.
In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.
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The principle that trade can make everyone better off applies to interactions and trade between.
The principle "that trade can make everyone better off" applies to interactions and trade between families, states within the United States, and nations.
What is trade?A trade is defined as an exchange of goods or services between two parties. The mechanism that enables trade is a market. When a nation exchanges its surplus for a resource that another nation can give, it is trading. This is when a nation takes advantage of its wealth of resources.The tea trade, wherein tea is imported from China and bought in the US, is an illustration of trade. The elimination of world poverty depends on trade. International trade-friendly nations tend to develop more quickly, innovate, boost productivity, and give their citizens greater opportunities and higher incomes. By making goods and services more accessible to customers, open trade also benefits people with lower incomes.Learn more about trade here:
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True or false: cash basis accounting is the method used by most profit-oriented companies
We can actually deduce here that it is false that cash basis accounting is the method used by most profit-oriented companies.
What is cash basis accounting?Cash basis accounting is actually known to be the method of accounting that actually records revenue only when cash has been received and also when expenses has been paid in cash.
This method of accounting is also known as cash receipts and disbursements method of accounting. In other words, the records are updated at the time the cash for revenues or expenses are received or paid out.
Thus, the answer is false.
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A broker has asked his unlicensed assistant to show a buyer property. the most important item the broker should verify prior to the showing is that the assistant _____________________.
The most important item the broker should verify prior to the showing is that the assistant should be the permission of the seller or seller's broker to show the property.
What is Seller's Permission?The seller's permit, also known as a sales tax permit or sales and use tax permit, is a type of business license that enables you to charge and collect sales tax on goods and services that are taxable. The tax you have collected must then be sent to your state's taxing body by your company. Seller's permits are state-specific, allowing you to complete the transaction in the state where the permit was issued while also collecting and remitting the necessary sales tax. Seller's permits are state-specific, so if you operate in multiple states, you might need more than one.
Therefore, a seller's permit plays a very important role in any sale.
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Major appliances, furniture, and clothing are typical examples of ________ products.
Major appliances, furniture, and clothing are typical examples of Shopping products.
Consumers purchase goods from stores less frequently. Consumers frequently evaluate the qualities, costs, and styles of various things when buying. Shopping products are therefore more carefully contrasted with, and customers spend a lot more time considering alternatives than convenience products. Compared to convenience products, shopping products are supplied carefully, have fewer locations, and require human selling and advertising.
Consumer goods, often known as final goods, are items that are purchased by people or families for their own consumption. In other words, consumer products are those that the typical consumer purchases for personal enjoyment. There are four major categories of consumer items, each requiring a particular marketing strategy.
Examples of consumer product classification
Consumer goods are divided into four groups that are related to one another, namely:
Conspicuity goodspurchasing goodsSpecialty itemsUnwanted goodsConspicuity items include
magazines and newspapersmost food and grocery productsSnacks, candy bars, and soft drinkstissues and painkillersmorning cereals, milk, and breadShampoo, soap, and toothpasteDetergents, dishwashing liquid, and cleaning suppliesPurchasing goods
ComputersMobile devicesEntertainment technology, such as a PlayStationHome furnishingsDishwashers and washing machinesClothingsporting goodskitchenware, including dishes, pots, and pansVarious restaurant optionslodging and air travelLuggageacquiring a petgoing to the gymSpecialty items
Architect built the home.a high-end vehicleunique jewelryOrganizing a marriagewedding gownUnwanted goods
Lottery tickets Fundraising activitiesWhen necessary, counseling and personal assistanceTo lean more about purchase goods from the given link.
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Managers are often assigned to supervise several concurrent audit engagements.
true or false
True, Managers are often assigned to supervise several concurrent audit engagements. Below you can read more about managers and Managerial responsibilities.
Who is a Manager
A manager refers to a person whose role is to control or administer a group of staff in an organization. Managers are often top ranking personnel in an organization and their major function is to supervise other employees and direct them towards achieving the goals and mission of the organization.
Managerial Responsibilitythe major responsibilities of manages include the following
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Why do smaller economies around the world typically face more volatile inflation?
Smaller economies around the world typically face more volatile inflation because they can be unsettled by international movements of capital and goods.
More about inflation:
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
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Damien used a carefully crafted username to give himself access to the entire database of a poorly-secured business. damien most likely used a technique called:_________
The answer is :- SQL injection.
Damien gained access to the whole database of a company with lax security by carefully crafting his username. damien most likely used a technique called: SQL injection.
What is SQL injection?Malicious SQL statements are placed into entry fields for execution using the code injection technique known as "SQL injection" to attack data-driven systems (For instance, to expose the attacker to the database's contents.) SQL injection must take advantage of a security flaw in the software of an application, such as when user input is either not strongly typed and executed unexpectedly or when user input is erroneously checked for string literal escape characters embedded in SQL statements. Although SQL injection is mostly known as a website attack vector, it may be used to target any kind of SQL database.
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The after closing balance in a revenue account will always be zero. this statement is:________
The after-closing balance in a revenue account will always be zero. this statement is True
This is further explained below.
What is a revenue account?Generally, The amount in a revenue account is moved during the closing process from the income statement into the retained earnings account, leaving a balance at the end of the revenue account of zero.
This leaves an opening balance in the retained earnings account. Because the ending balance of one period becomes the starting balance of the following period,
In conclusion, The beginning balance of a revenue account will likewise be zero at the beginning of the period.
An after balance in an income statement will always be zero. This assertion is indeed correct.
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The utilization of a use that does not comply with local zoning for a particular parcel is known as what...?
The utilization of a use that does not comply with local zoning for a particular parcel is known as Non-conforming Use.
What is Non-conforming Use?When local governments alter zoning laws and grant exclusions to the existing property, the situation is referred to as a nonconforming use. Zoning is a crucial tool used by city officials, but frequently, new zoning regulations would not be accepted and would wreak havoc on specific people if they applied to the already-existing property. Without nonconforming use, a company might have to shut down entirely if its entire location is rezoned for residential use. City governments incorporate nonconforming use clauses into zoning laws that provide some exemptions for real estate constructed prior to the restrictions in order to avoid this situation.
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The phase of the business cycle at which real domestic output is at minimum during a cycle is called:_______
The phase of the business cycle at which real domestic output is at a minimum during a cycle is called the trough
This is further explained below.
What is the business cycle?Generally, The term "business cycle" refers to the persistent upswings and downswings in broad indices of economic activity, such as production, employment, income, and sales.
Business cycles may last for a number of years. The expansionary and contractive stages of the business cycle are the phases that alternate with the other.
In conclusion, The trough is the point in the economic cycle that marks the point at which real domestic production has fallen to its lowest point during that particular cycle.
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complete question
The phase of the business cycle where real domestic output is at a minimum is called:
A. the peak.
B. a recession.
C. the trough.
D. the pits.
The goal of a strategic position is to create the largest gap possible between the?
The goal of a strategic position is to create the largest gap possible between the cost required to create these offerings and the value that a firm creates through its offerings.
Strategic Positioning
The relative position of a corporation within its industry is important for performance. Strategic positioning reflects decisions a firm makes about the type of value it will generate and how it will create that value differently than competitors. Strategic positioning should result in either a higher pricing or lower costs for the company.
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A custom-home builder would likely utilize:____.
a. job-order costing.
b. mass customization.
c. process costing.
d. joint costing.
e. process budgeting.
A custom-home builder would likely utilize job-order costing.
What is job-order costing?
Accounting that tracks costs and receipts by "job" and facilitates uniform reporting of profitability by work is known as "job costing." An accounting system must enable the assignment of job numbers to specific expenditures and revenue items in order to support job costing.
Therefore,
A custom-home builder would likely utilize job-order costing.
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The entry to record the sale of services for cash includes a ______.
The entry to record the sale of services for cash includes a Debit to cash
Credit to service revenue
The foundation of a business's double-entry accounting system is debits and credits. Credits represent funds deposited into an account, whereas debits indicate funds withdrew from one. At least one debit and one credit in equal but opposite amounts must be recorded to the business's accounting ledger for each financial transaction conducted by the company.
Debits and credits are used by bookkeepers and accountants to balance each recorded financial transaction for specific accounts on the balance sheet and income statement of the organization. In a double-entry accounting system, the employment of debits and credits enables the company to more quickly balance its books at the conclusion of each time period.
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Manufacturing costs include all of the following categories except ________. multiple choice
A. administrative costs
B. direct labor
C. direct materials
D. manufacturing overhead
Answer: administrative cost
Explanation:
America purchases over fifty percent of its crude oil and petroleum products from other countries. this is an example of?
This is an example of Importing.
What is meant by Import?An export from the sending country is an import into the receiving nation. The two financial operations that best describe international trade are import and export. Import quotas and orders from the customs authority set limits on how much merchandise can be imported and exported in international trade.
Exporting is the process of selling goods and services that are produced or sourced domestically in other nations. Purchasing products and services abroad and bringing them back home is referred to as importation.
Importing things entails bringing anything into the country from another, where it must first clear customs. Authorities in charge of customs control import trade. They manage the movement of products and are in charge of tax and duty collection.
Even though transportation costs are higher, importing vegetables and other items from nations that can produce them more effectively can be better for the environment than "shopping local." In other words, free trade must be advantageous to both parties or it would not take place at all. This implies that imports are GREAT and that they are also.
Hence, This is an example of Importing.
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What accounting concept justifies the usage of depreciation and amortization policies?
Depreciation and amortization policies are appropriate when using the going concern assumption accounting concept.
What Is the Issue?
A corporation is referred to as a "going concern" in accounting when it has the financial capacity to carry on doing so until it can show otherwise. This phrase also describes a business's capacity to generate enough revenue to stay in business or avoid going out of business. A company that is not a going concern has filed for bankruptcy and had its assets sold. For instance, following the tech bust in the late 1990s, many dot-coms are no longer operating as going concerns.
What the going concern principle means
Business operations for accumulated or prepaid expenses would be impossible without it. The going concern principle enables a business to postpone the recognition of some of its prepaid expenses to later accounting periods rather than all of them at once.
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The feature that distinguishes loss contingencies from other liabilities is the:_____.
The feature that distinguishes loss contingencies from other liabilities is the uncertain Outcome.
When people define high quality customer service, three components are identified frequently. what are these three components?
The correct options are (a) Personal attention, (d) Employee competence, and (e) promptness.
Three elements are usually mentioned when discussing what constitutes high-quality customer service. These three components are Personal attention, Employee competence, and Promptness.
What is high-quality customer service?Meeting customer expectations is the secret to providing excellent customer service. When a customer contacts you, you should respond by doing that.
Consistently exceeding clients' expectations is what constitutes good customer service. Excellent customer service is prompt, simple, individualized, and sympathetic. Businesses that provide outstanding customer service invest the time necessary to comprehend the needs of their specific clientele.
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The complete question is:
"When people define high-quality customer service, three components are identified frequently. These three components are:
a. Attractive employees
b. Personal attention
c. Good Web site
d. Employee competence
e. Promptness"
Over the past year, how often did monroe manufacturing sell and replace its inventory?
The inventory turnover for Monroe Manufacturing is 21.86
How do we determine the frequency of inventory turnover?
Inventory turnover, the number of times Monroe Manufacturing sells and replenishes its inventory can be determined using the formula below:
inventory turnover=annual sales/ inventory
annual sales= $400,000
total current assets=cash+ accounts receivable+inventory
total current assets=$61,000
cash=$27,450
accounts receivable=$15,250
inventory=unknown(assume it is x)
$61,000=$27,450+$15,250+x
x=$61,000-$27,450-$15,250
x=$18,300
inventory turnover=$400,000/$18,300
inventory turnover=21.86x
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Full question?
Monroe Manufacturing has a quick ratio of 2.00x, $27,450 in cash, $15,250 in accounts receivable, some inventory, total current assets of $61,000, and total current liabilities of $21,350. The company reported annual sales of $400,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
InventoryUsing this formula
Inventory=Annual sales/[Total current assets-(Total current liabilities× Quick ratio)]
Let plug in the formula
Inventory=$800,000/[$77,500 - ($27,125 x 2)]
Inventory=$800,000/[$77,500 -$54,250]
Inventory=$800,000/$23,250
Inventory=34.408x
Inventory=34.41x
Therefore If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
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The complete question is:
Monroe Manufacturing has a quick ratio of 2.00x, $34,875 in cash, $19,375 in accounts receivable, some inventory, total current assets of $77,500, and total current liabilities of $27,125. The company reported annual sales of $800,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
2.86x
37.85x
34.41x
8.01x
Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. what is the opportunity cost of his decision?
Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. The opportunity cost of his decision is at least $80,000.
Now he is not getting the 80k dollar because he is volunteering for an unpaid museum job. Therefore, he had an opportunity to not do the museum job and instead do a $80,000 job which he didn't do and his opportunity to make 80k has been lost.
What is opportunity cost?The price you pay when you choose between two or more possibilities is known as the opportunity cost. Regardless of what you stand to lose by making the decision, you believe it will benefit you more in the long run. Due to opportunity cost, any investment you make will either result in immediate losses or returns in the future.
Think about the decision of whether to sell stock shares right away or to hold onto them for a future sale. While it is true that an investor may secure any immediate advantages they may have by selling right away, they would forfeit any future gains the investment might have provided.
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If a price floor is imposed at $15 per unit when the equilibrium market price is $12, there will be:_________
Answer:
there will be a surplus.
Xyz corporation has $10m to invest. there are three investment opportunities they are considering. each opportunity requires $10m investment. which investment should xyz pursue?
Xyz corporation has $10m to invest. there are three investment opportunities they are considering. each opportunity requires $10m investment. Probability / Outcome.45 / 20% .45 / 5%.10 / -10%
What is investment?The dedication of a resource to a long-term increase in value is known as investment. A present resource, such time, money, or effort, must be lost in order to invest. The goal of investing in the financial world is to make money off the asset that is being used.
An investment is a purchase undertaken with the hope of earning money or increasing capital. Appreciation is the term for an asset's value rising over time. When someone invests in a product, they do so with the intention of using it to make money in the future rather than for immediate consumption.
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Which element of knowledge management faces the common problem of employee turnover?
Employee turnover is a common issue that knowledge retention encounters.
Knowledge retention is the process of storing knowledge within an organization for future use. Walsh and Ungson (1991) outlined five knowledge reservoirs, including people, culture, transformations (such as codified systems and procedures), structures (such as formal and informal networks), and external activities, in a previous section on organizational memory. This is the area of an organization where knowledge may reside or be held onto. Knowledge retention should be a component of every aspect of how the company runs and begin well before a key person is due to leave. Few businesses have explicit knowledge retention plans, despite the fact that it is thought to be essential for long-term organizational performance.
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The relationship between the amount a company charges for a product and consumer's desire for the product is illustrated with the ________.
The relationship between the amount a company charges for a product and consumer's desire for the product is illustrated with the demand curve.
Describe the demand curve?The relationship between the price of a good or service and the quantity demanded over a certain length of time is represented graphically by the demand curve. The price will typically be shown on the left-hand vertical axis, and the quantity needed will be shown on the right-hand horizontal axis.
The demand curve moves from left to right, illustrative of the law of demand, which asserts that, when all other conditions are equal, the quantity sought for a particular commodity will drop as its price increases.
There are certain exceptions to the general rules when it comes to the relationship between product prices and demand. One of these exceptions is the Giffen good.
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