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Ksju [112]
2 years ago
8

A political pundit argues that the government should impose a tariff on tires because they are a necessary input into the produc

tion of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itself.
Which of the following justifications is the pundit using to argue for the trade restriction on tires?

National-security argument

Jobs argument

Infant-industry argument

Using-protection-as-a-bargaining-chip argument

Unfair-competition argument
Business
1 answer:
valentina_108 [34]2 years ago
7 0

Answer:

The correct answer is letter "A": National-security argument.

Explanation:

The National-security argument is a point of view that promotes the imposition of quotas and tariffs on imports related to national security in an attempt to boost domestic production on the same items. This situation will cause that in front of war the country will produce its own supplies to meet effectively its demand instead of relying on other countries to provide them with those goods. Most protectionist countries tend to support this idea.

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Mercury Inc. purchased equipment in 2019 at a cost of $400,000. The equipment was expected to produce 700,000 units over the nex
Wittaler [7]

Answer:

See explanation section

Explanation:

We know,

Annual depreciation rate under Units-of-production = Depreciable amount/Overall (expected) production

Given,

Purchase value = $400,000

Residual value = $50,000

Expected production = 700,000 units

Depreciable Amount = $(400,000 - 50,000) = $350,000

Annual depreciation rate = $350,000/700,000

Depreciation rate = $0.50

Thrrefore, Accumulated depreciation from 2019 to 2021 = (100,000 + 160,000 + 80,000)*$0.50

= $170,000

We know, Book value of asset = Cost price - Accumulated depreciation

Book value = $400,000 - $170,000 = $230,000

Again, Loss on sale of equipment = Book value - Sales price

Loss on sale of equipment = $230,000 - $210,000

Loss on sale of equipment = $20,000

The journal entry to record the sale =

Debit Cash $210,000

Debit Accumulated Depreciation $170,000

Debit Loss on sale $20,000

Credit Equipment $400,000

7 0
2 years ago
Read 2 more answers
Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b
Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0
2 years ago
You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham
Bogdan [553]

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

8 0
2 years ago
Diana can either invest $20,\!000$ dollars for $4$ years with a simple interest rate of $6\%$ or an interest rate of $7\%$ which
Verizon [17]

Answer:

$34,243.28

Explanation:

Simple interest = P x r x t

where:

P = Principal

r = rate

T = time

Therefore simple interest = 20,000 x 6% x 4 = $4,800

Compound Interest = ((P*(1+r)^n) - P),

where P is the principal,

r is the annual interest rate = 7%, and

n is the number of periods = 4 years x 4 quarters a year.

Therefore compound interest = ((20000 (1+0.07)^16)-20000) = $39,043.28

Difference in interest = $39,043.28 - $4,800 = $34,243.28

6 0
2 years ago
Read 2 more answers
If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits and withdrawals, calculate
dimaraw [331]

Answer:

It would have earned 15.91 dollars of interest

Explanation:

We will calcualte for compounding at each moment:

First, we will calculate for $6,500 for March 1st to March 15th:

Then, from March 16th to march 27th we calculate for $5,000 + accrued interest of the peri

and from March 28th to 31th we calcualte $5,700 + accrued interest

Principal (1 + \frac{r}{m} )^{n \times m} = Amount

n  = 15/365 days

m = 365

r   = 0.0325

6,500 (1 + \frac{0.0325}{365} )^{15/365 \times 365} = Amount

6508.69

Then we withdraw 1,500

And we calcualte for hte period marchth to March 27th for the currnet value: 5,008.69

5,008.69 (1 + \frac{0.0325}{365} )^{11/365 \times 365} = Amount

Amount: 5,013.60

Then we deposit 700 and calcualte the rest of the month:

5,713.60 (1 + \frac{0.0325}{365} )^{11/365 \times 365} = Amount

Amount: 5,715.64

We  can now calcualtethe interest earned:

6,508.96 - 6,500     =  8.96

5,013.60 - 5,008.69 =   4.91

5,715.64 - 5,713.60  =    2.04

        total interest  =  15.91

5 0
2 years ago
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