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1 year ago

Match each effect with the correct type of trade barrier

Business

2 answers:

Alex1 year ago

5 0

Answer: i got you

Explanation:

standards= C

Quotas= B

Embargoes= A

MArishka [77]1 year ago

5 0

Answer: standard = enforce rules to uphold Quality and are intended to protect consumers

Quotas= Place limits on imports and can drive up prices

Embargoes= Restrict exports entirely and can be used as a punishment

Explanation: it was on a check at the end of the chapter

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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to sala

11111nata11111 [884]

Answer: $20,000

Explanation:

Given that,

Singer's original capital = $40,000

McMann's original capital = $60,000

Singer's salary = $12,000

McMann's salary = $18,000

Interest on original capital = 10%

Profit sharing ratio = 3:2

Income of the year = $30,000

McMann's share of the income:

Salary = $18,000

Interest = $6,000

Singer's share of the income:

Salary = $12,000

Interest = $4,000

Therefore,

Remainder = $30,000 - $40,000

= -$10,000

Hence, remainder will be divided among these two partners in 3:2 ratio.

So,

McMann's share of remainder = $\frac{2}{5}\times10,000$

= -$4,000

Therefore, McMann's share of the income:

= Salary + Interest + remainder

= $18,000 + $6,000 + (-$4,000)

= $20,000

3 0

2 years ago

Diego owns and operates a small business with only four full-time employees and less than $700,000 in annual sales. He currently

marusya05 [52]

Answer: he could benefit from adopting such a system, but should also consult with an accountant for advice about what's best.

6 0

2 years ago

Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi

max2010maxim [7]

Answer:

-4 units

Explanation:

Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

$E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units$

Blake's income elasticity of demand is -4 units.

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1 year ago

The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Ja

makvit [3.9K]

Answer:

Annual rate of inflation = [(215.9 - 210.2) / 210.2] * 100

Annual rate of inflation = 2.7%

Real income change = Nominal income change - inflation rate

Janice Real income change = 4% – 2.7%

Janice Real income change = 1.3%

This means Janice's real income did increase by 1.3%.

Jeff Real income change = 2% – 2.7%

Jeff Real income change = -0.7%

This means Jeff's real income did decrease by 0.7%.

7 0

2 years ago

Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $ 398 comma 930 due in 28 y

Sladkaya [172]

Answer:

Present value of Liability is $59,989

Explanation:

Money does not have the same value in future as it has today. The present value calculates the today's value of any that cash flow will be made in future.

Liability = FV = $398,930

Number of years = n = 28 years

Discount rate = r = 7%

Present value = FV / ( 1 + r )^n

Present value = $398,930 / ( 1 + 0.07 )^28

Present value = $398,930 / 6.65

Present value = $59,989.47

3 0

2 years ago