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jenyasd209 [6]
2 years ago
9

U.S. sugar import quotas have existed for more than 50 years and preserve about half of the U.S. sugar market for domestic produ

cers. Why does the United States continue to have these quotas?
Business
1 answer:
docker41 [41]2 years ago
3 0

Answer:

United States continue to have quotas because it increases the price of imported Sugar and thereby reducing the quantity demanded.

Explanation:

To start with, quotas is a restriction imposed by a government. Quotas limits the quantity of a good that can be imported into a country during a specific period of time. In this question, an import license specifies the quantity of Sugar that be brought into (imported) the USA.

United States continue to have these quotas because import quotas reduces the supply of imported goods (Sugar), thereby, preventing an uncontrolled importation of Sugar. This raises the price of imported Sugar against the price of locally produced Sugar which is lower in price. Intuitively, consumers will go for lower price (locally produced Sugar) which satisfies the law of demand for normal goods.

Therefore, it helps the domestic producers to stay in the competition.

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When the company is hosting an event, managers should assign event preparations to a ________. Preparations include trucking in
sesenic [268]

Answer:

Cross functional team / will increase

Explanation:

A cross functional team can be defined as a team formed by people with different areas of expertise, as is the case of a team specialized in the organization of business events.

Cross functional teams have the advantages of making work more effective and more productive by the possibility that each person is responsible for a different area and therefore the work takes place in a much more flexible, dynamic and creative way, since there is greater autonomy, greater capacity to communication and lower hierarchy in these teams, and the greater the diversity of professionals, the more the teams will be innovative and productive.

6 0
1 year ago
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $18,000,
Ugo [173]

Answer:

Multiple choices are:

18.5%

16.7%

34.6%

15.9%

The correct option is the last one,15.9%

Explanation:

The simple rate of return is the annual incremental net savings divided by the initial investment.

The annual incremental net savings is the annual savings recorded from the new process minus annual depreciation charge.

annual savings is $143,000

depreciation charge=cost of new equipment-salvage value of old equipment/useful life of the new equipment

depreciation charge=($414,000-$18,000)/6=$66,000

simple rate of return=$66,000/$414,000=15.9%

8 0
2 years ago
Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. If an amount box does not require
amid [387]

Answer:

June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.

  • Dr Notes receivable 48,000
  •     Cr Accounts receivable 48,000

Sept. 21 The note is dishonored by Radon Express Co.

  • Dr Accounts receivable 48,960
  •     Cr Notes receivable 48,000
  •     Cr Interest revenue 960

When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.

Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.

  • Dr Cash 49,368
  •     Cr Accounts receivable 48,960
  •     Cr Interest revenue 408
7 0
2 years ago
Match the following theories to their best descriptive statements: A. Cost benefit analysis for finding the best possible result
mariarad [96]

Answer:

A-1 B-3 C-4 D-2

Explanation:

The description given in option A fits utilitarianism which is an ethical term describing a decision where the best outcome for the largest possible number of people is considered the solution.

The description given in option B fits social contract which desribes accepting the authority of the state and deciding on basic principles so that the society can exist.

The description given in option C fits virtue ethics which is a field of ethics that discusses virtues such as honesty.

The description given in option D fits deontology which is an ethical theory that suggests that each action should be examined if it is good or bad by following certain rules.

I hope this answer helps.

7 0
2 years ago
In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and
Sunny_sXe [5.5K]

Answer:

Securities and exchange commison(SEC).

Explanation:

When a student acquired college degree in book keeping for four years, a certification as a certified public accountant (CPA) will increase his/her chances of getting job openings and also enable filing of reports with securities and exchange commission(SEC).

In order to be known as a CPA, one has to write and pass the examinations and get endorsed before being allowed to file reports with the commission.

4 0
2 years ago
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