Answer: Protective tariff
Explanation: Protective tariffs are basically designed to protect the domestic producers from foreign competition. These tariffs raise the retail price of imported products making them expensive in comparison to domestic products and thereby making domestic products more competitive.
Thus, by placing a tax on imported equipment in order to make it more expensive, these industries hope that Protective tariff will allow u.s. producers to be more competitive.
The labor unions and businesses in the heavy equipment industry are seeking to place a tax on imported equipment in order to make it more expensive, which is an example of using tariffs to raise the prices of foreign goods and protect domestic industries.
The action taken by labor unions and businesses in the heavy equipment industry to ask the U.S. Congress to place a tax on imported equipment in order to make it more expensive, with the aim of allowing U.S. producers to be more competitive, is an example of using tariffs. Tariffs are taxes imposed on imported goods, serving the purpose of raising the prices of foreign goods and protecting domestic industries. Many countries utilize tariffs as a means of raising revenue while also shielding domestic industries from foreign competition.
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Answer:
An authority is a power to give orders and ask your subordinates to perform certain duties. Authority can be given to a person by government’s executives, owner of an organization, or by the representatives of GOD.
An authority is a legitimate power to influence people to compel them to perform the task given to them. For example, a mob has the power to punish a criminal, but they don’t have legitimate authority to punish the criminal.
The authority lies in the hands of the law. Similarly, in an organization, the authority lies in the hands of a manager to get organizational tasks accomplished by his subordinates.
However, the authority of the manager is limited to a particular department of the organization. He has no authority on his employees outside the organization.
Authority is the consequence of the position of an individual in an organization. A person can only be at the superior position of the organization if he has authority; a person with no authority can never be on the top position of an organization.
Therefore, the degree of authority is highest at the top level, and its degree keeps on decreasing the levels of the organization. That means only a person at the top level can give orders to the people at a low level and can compel them to perform tasks given to them, and a person at lower level can’t give orders to the people at the top or his peers.
Authority can be of two types such as official authority (where authority is given to a person by the organization he works for), and other is a personal authority (where authority is given to a person because of his ability to influence people in the organization.
What is the Responsibility?
Being responsible
Responsibility is a moral duty or an obligation of an employee, whether he is a manager or subordinate to fulfill the task given to them. The responsibility starts as soon as the job is assigned to the employee and finish with the completion of the task.
The person is responsible for the consequence of his performance in the task. The responsibility comes with authority.
A manager is responsible for the accomplishment of the task. The responsibility moves upwards in the organization from a lower level of employees to the upper level of management.
The responsibility is originated from the superior-subordinate relationship in an organization. Because of this relationship, the manager can do a task from his subordinates with responsibility.
Difference between authority and responsibility
Difference between authority and responsibility
AUTHORITY RESPONSIBILITY
An authority is a power or right that a person gets because of his designation, role, or job. A responsibility is an obligation that an employee has to fulfill the work bestowed on him
An authority is the outcome of a formal position in an organization. A responsibility is the outcome of a superior-subordinate relationship.
An authority is a legal right given to a person. A responsibility is consequence of authority.
It is a delegation of authority. It is an assumption of responsibility.
The flow of authority is from the upper level to lower level. The flow of authority is from lower level to upper level.
Authority requires the ability to give orders. Responsibility requires the ability to follow orders.
The authority lasts for a long period of time. The responsibility ends as soon as the work bestowed on the employee is complete.
The objective of the authority is to make decisions and implement them effectively. The objective of responsibility is to perform duties effectively assigned by the superiors.
b) Evaluate independence matters not addressed in the code of professional conduct.
c) understand the rules on the confidential client information and acts discreditable to the profession.
d) more easily interpret conflicts of interest and subordination of judgement by a member.
Option C is the correct answer. The AICPA's conceptual framework for independence is utilized or used to assess any challenges to members' independence.
Litigation, adverse interest between or among the CPA firm and the client, self-interest, familiarity outcoming in a financial benefit result to the CPA firm, CPA firm owning stock in the client's firm, and so on are all examples of threats
In the new AICPA Code, two conceptual frameworks;
The conceptual framework strategy is one manner in which warnings to completely comply with rules originating from a specific link or condition that are not covered by the code can be;
Therefore, Option C) "Understand the rules of confidential client information and professional misconduct." is the correct answer.
To know more about these frameworks, click below:
Members should use the AICPA conceptual framework for independence to understand the rules on the confidential client information and acts discreditable to the profession.
Option C
Explanation:
Two conceptual frameworks, one each for participants in public accounting and one for participants in the sector, represent a major change to substance in the updated AICPA Code.
In all of these two implementation frameworks, the conceptual framework strategy is one way in which warnings to fully comply with rules arising from a specific connection or circumstance which are not covered by the code can be identified, assessed and addressed.
B. $34
C. $45
D. $37
Answer:
$23.47
Explanation:
Given that,
Beginning Work in Process inventory = 1,200 units
Units started = 3,300 units
Ending Work in Process = 1,500 units
Total dollar cost = $88,000
Finished units:
= Beginning Work in Process inventory + Units started - Ending Work in Process
= 1,200 units + 3,300 units - 1,500 units
= 3,000 units
Equivalent units:
= (Finished units × 100%) + (Ending Work in Process × 50%)
= (3,000 × 100%) + (1,500 × 50%)
= 3,000 units + 750 units
= 3,750 units
Cost per equivalent whole unit:
= Total dollar cost ÷ Equivalent units
= $88,000 ÷ 3,750
= $23.47
Answer:
The correct answer is C) Portfolio Variance rises.
Explanation:
The association between two assets reflects the degree to which both assets are related. As the correlation between two assets decreases, the variation in portfolios increases.
Investment portfolios can be protected with the creative use of Correlation Diversification.
The less correlated assets are, the less risky an investment portfolio is.
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Answer:
UCLp = 0.157
LCLp = 0
Day:
11 - yes
12 - yes
13 - yes
Explanation:
The upper and lower 3-sigma control chart limits are
UCLp = 0.157
LCLp = 0
Given the limits, is the process in control for the following days?
Day:
11 - yes
12 - yes
13 - yes
The 3-sigma control chart utilizes mean and standard deviation to set the upper and lower limits. The upper limit in this scenario is 19 while the lower limit is 1, consequently, 99.7% of the defects would fall within this range.
The question involves understanding the 3-sigma control chart and setting appropriate limits. The upper control limit (UCL) and lower control limit (LCL) are boundaries in the control chart that you set, based on the standard deviations of the population. Anything beyond these boundaries may be deemed out of the control. Defectives are considered as elements that do not meet specific requirements, and the proportion is calculated based on the total number of observations.
The calculation of UCL and LCL involves determining the mean (µ) and standard deviation (ơ) of the dataset, then calculating upper and lower limits based on the z-score, which is typically ±3 for a 3-sigma control chart. For example, if µ = 10 and ơ = 3, we use the formula x = µ + zơ to get UCL (x₁ = 10 + 3(3) = 19) and the formula x = µ - zơ to get LCL (x₂ = 10 - 3(3) = 1). This means 99.7% of the defects would fall between 1 and 19.
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Answer:
It would be a differential loss of 174,500
Explanation:
Continue Or discontinued
Continued Discontinued Differential
Sales 930,000 - (930,000)
Variable (413,500) - 413,500
Tracable Fixed Cost (342,000) - 342,000
Allocate cost (536,500) (536,500) -
Result (362,000) (536,500) (174,500)
If discountinued, sales, variable cost and tracable fixed cost are zero
Tracable cost
215,500 + 126,500
Allocate cost
total fixed cost - tracable cost
(525,500 + 353,000) - 342,000
Once we got the numbers we calculate the diffferential income/loss