Should the home country be "large" relative to the world, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms-of-trade effect exceeds the sum of the:_________a. revenue effect plus redistribution effect.
b. protective effect plus revenue effect.
c. consumption effect plus redistribution effect.
d. production distortion effect plus consumption distortion effect.
e. None of the above.

Answers

Answer 1

Answer:

Answer:

Option e. is correct

Explanation:

The Terms of Trade is equal to the average price of exports / by the average price of imports. The terms-of-trade refers to the relative price of exports in terms of imports.

Protective effect refers to the wasted resources due to production of good at a higher cost. Consumption effect refers to the loss to consumer due to higher price that leads to less consumption.

Should the home country be "large" relative to the world, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms-of-trade effect exceeds the sum of the protective effect plus consumption effect

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ak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 $ 7,500 Job 34 6,000 $ 13,500 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,500 $ 6,500 Completed and sold Job 34 6,000 7,800 Completed, but not sold Job 35 4,200 3,250 In process Indirect 1,300 2,140 $ 15,000 $ 19,690 The company applies overhead to products at a rate of 150 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.
Big-Mouth Frog Corporation had revenues of $200,000, expenses of $120,000, and dividends of $30,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a Group of answer choices debit of $50,000. debit of $80,000. credit of $50,000. credit of $80,000.
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What is the effect on China's aggregate demand when the United States goes into recession, when Japanese and European firms establish new plants in China, or when the Chinese yuan strengthens against the U.S. dollar?
On December 31, it was estimated that goodwill of $51,500 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $115,200 on April 1.a. Journalize the adjusting entry on December 31 for the impaired goodwill b. Journalize the adjusting entry on December 31 for the amortization of the paten

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the issuance costs totaled $150,000. When the bonds are issued, the Enterprise Fund will report total other financing sources in the amount of $0. $9,850,000. $10,000,000. $10,200,000.

Answers

Answer:

The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

= Face Value - Cost of issuance

where

Face Value is $10,000,000

Cost of issuance is $150,000

Putting the values above:

= $10,000,000 - $150,000

= $9,850,000

Note: Premium will not be considered as it is asked for when the bonds are issued.

Final answer:

The total other financing sources reported by the Enterprise Fund would be $9,850,000.

Explanation:

The correct answer is $9,850,000.

When the city's Enterprise Fund issued revenue bonds with a face value of $10,000,000, it added a 2% premium to the face value. The premium is calculated by multiplying the face value by the premium rate, which is 2% in this case. So, the premium amount is $10,000,000 * 2% = $200,000.

The issuance costs are additional expenses incurred in the process of issuing the bonds. In this case, the issuance costs totaled $150,000.

Therefore, the total other financing sources reported by the Enterprise Fund would be $10,000,000 - $200,000 - $150,000 = $9,850,000.

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Your family runs a specialty ice cream parlor, Scoops. It manufactures its own ice cream in small batches and sells it only in pint-sized containers. After someone not affiliated with the company sent six pints of your ice cream to a popular talk-show host, she proclaimed on her national TV show that it was the best ice cream she had ever eaten. Immediately after the broadcast, orders came flooding in, overwhelming your small-batch production schedule and your limited distribution system. The company’s shipping manager thinks she can handle it, but you disagree. List the reasons why you need to restructure your channel of distribution.

Answers

Answer:

Demand And Supply

Explanation:

Demand and supply are the biggest factors of buisness when demand becomes higher than supply it results in angry customers and unhappy reviews

Expenditures for consumer goods and services $4,565 Exports $740
Government purchases of goods and services $1,465
Social Security taxes $510
Net investment $225
Indirect business taxes $520
Imports $825
Gross investment $865
Corporate income taxes $185
Personal income taxes $750
Corporate retained earnings $45
Net foreign factor income $20
Government transfer payments to households $690
Net interest payments to households $0
On the basis of Table, depreciation is
a. $640 billion.
b. $50 billion.
c. $85 billion.
d. $690 billion.

Answers

Answer:

a. $640 billion.

Explanation:

Net investment = $225

Gross investment = $865

Depreciation = Gross investment - Net investment = $865 - $225 = $640

Therefore, on the basis of Table, depreciation is a. $640 billion.

Zap Power Company pays an annual dividend on its preferred stock of $4.54 per share. The investors have an 8% required rate of return. What is the price of the stock

Answers

Answer:

The price of the stock is $56.75.

Explanation:

This can be calculated using the following formula:

P = d /r ……………………………………… (1)

Where;

P = price of the stock = ?

d = preferred stock dividend = $4.54

r = required rate of return = 8%, or 0.08

Substituting the values into equation (1), we have:

P = $4.54 / 0.08

P = $56.75

Therefore, the price of the stock is $56.75.

"Ursula is the most popular person in her apartment complex. Everyone knowsher face and where she lives. Given what we know about location and interactionpatterns, which of the following statements about Ursula‘s apartment is most likelytrue?"The apartment is in a back corner of the complex.The apartment has a door opening to a private hallway.The apartment is upstairs and far from a stairwell.The apartment is right next to the mailboxes.

Answers

Answer:

d. The apartment is right next to the mailboxes.

Explanation:

As it is mentioned in the statement that every one knows where Ursula lives and also everyone knows her face. These things make it impossible for the first three statements to be true.

a. If her apartment is in the back corner, she will have interaction with people only while getting out and into the apartment which will not ensure that everyone will know her.

b. A door opening to a private hallway still doesn't ensure that she is this much social.

c. Upstair and far from stairwell also tells that only few people will know her, not all.

d. This one is true as she lives right next to mailboxes and every person in apartment tends to check their mailboxes and probability of knowing her face and where she lives is the highest.

, Inc. retires a $15 million (face value) bond issue when the carrying value of the bonds is $13 million, but the market value of the bonds is $16 million. The entry to record the retirement will include: Select one: a. A gain of $2 million b. A loss of $2 million c. A loss of $4 million d. A gain of $4 million e. A loss of $3 million

Answers

Answer:

Loss on bond redemption = $3 million

Explanation:

Given:

Face value = $15 million

Carrying value = $13 million

Cash paid = $16 million

Find:

Profit / loss

Computation:

Loss on bond redemption = Carrying value - Cash paid

Loss on bond redemption = $13 million - $16 million

Loss on bond redemption = $3 million

The entry to record the retirement will include option E. A loss of $3 million. To understand the calculation see below.

Bond Redemption

We are provided with the information about :

Face value = $15 million

Carrying value = $13 million

Cash paid = $16 million

We need to find profit or loss. The difference between Carrying value and Cash paid is the profit or loss.

Carrying Value - Cash paid

$13 million - $16 million

-$3 million, the answer is negative hence there is loss.

Therefore, the correct option is E. A loss of $3 million.

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