BUSINESS HIGH SCHOOL

Which of the following is a reason a country might put a tariff on imports?a. To form an agency relationship
b. To increase its exports
c. To protect domestic companies
d. To create free trade

Answers

Answer 1
Answer: The following reason a country might put a tariff on import is C.) TO PROTECT DOMESTIC COMPANIES.

This reason is not only for tariff but also for quota imposed on imports.

Tariff is a tax imposed on goods imported from other countries.
Quota is a numerical limit of how much or how many an imported good can be imported in the country. 
Answer 2
Answer:

The Answer is Choice C.

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The value of a cash budget is that it helps you predict and supply your future cash needs.true or false

The Item column of the ledger account for the opening first entry for the ledger accountsshould contain the
A. word Cash.
c. account title.
B. words Opening Entry.
d. word Balance.

Answers

The first item in the ledger account's Item column for the opening entry should be the account title. This provides a clear description of the account's purpose. Following entries will include transaction details.

  • The question relates to the first item that appears in the Item column of the ledger account when making the first entry for the accounting period, otherwise known as the opening entry.
  • Typically, the first item in the ledger account should be the account title.
  • This means that the correct choice would be 'c. account title'.
  • The account title provides a clear description of what the account is used for.
  • The subsequent entries would then usually involve transactional details including the date, description, debit, credit, and running balance.

Learn more about Ledger Accounts here:

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It's either Opening Entry or Account title following this order

Who, what, and When.
Who would be the company or the person's name
What would be if it's a balance sheet, income statement, Chart of accounts, or trial balance.
When is the date.

Example

Stockholm's Company
Balance Sheet
February 1, 2015

During the recession of 2007-2009, despite falling income levels, the fast-food chain Subway experienced increased sales. The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered

Answers

Answer:

Inferior goods

Explanation:

If during the recession, despite falling income levels, the fast-food chain Subway experienced increased sales; then the increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered inferior goods.

Income elasticity is an economic principle which states that 'normal goods have their demand increase when the income of consumers increase while inferior goods are those goods that have their demand increase when income falls'

It suggests that consumers could not afford healthy meals during the recession because of their decrease in income, hence, they had to eat more of affordable Subway sandwiches.

. In perfect capital markets, the capital structure decision is: important because it affects the cash flows to shareholders. important because debt and equity are taxed differently. irrelevant because the decision has no effect on cash flows. important sometimes.

Answers

In perfect capital markets, the capital structure decision is irrelevant because the decision has no effect on cash flows. Here, investors can borrow or lend on their own, and still have the same outcome. In a perfect capital market, its capital structure does not affect the total value of the company. Instead, it is affected by the market value of total cash flows from a company's assets.

Structural unemployment is caused bya. temporary layoffs in industries such as construction.
b. shifts in the economy that make certain job skills obsolete.
c. short-term changes in the economy.
d. the impact of the business cycle on job opportunities.

Answers

Answer:

B) shifts in the economy that make certain job skills obsolete.

Explanation:

There are three types of unemployment:

  1. Structural Unemployment (involuntary): the skills of the worker do not match the skills required by employers.
  2. Cyclical Unemployment (involuntary): slow economic growth or economic contraction cause that employers require less workers.  
  3. Frictional Unemployment (voluntary): someone quits his/her job voluntarily because they are searching for a better job, or new workers enter the labor force.

Which of the following would most likely not be an example of an attribute? Select one: a. employee name b. customer address c. stock number d. ISBN number e. cancel appointment

Answers

Answer:

The correct option here is E) cancel appointment .

Explanation:

An attribute is often regarded as a feature or characteristic of some data or any other thing , for example if you are doing an analysis of class, then attribute will tell you about a piece of information that would be important in the description of class. From the given given options above only cancel appointment is the one which won't be regarded as an attribute.

When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepreneur to repay borrowed funds is known as:

Answers

Answer: Financial Capacity or credit capacity

Explanation:

The ability to repay refers to an individual's financial capacity to make good on a debt. By definition, credit capacity refers to how much credit you are able to handle. In deciding whether you qualify for a particular loan, your income is considered along with any other expenses and debts you may have.

Many lenders have a minimum credit score requirement before an applicant can be eligible for a new loan approval. Minimum credit score requirements will vary from lender to lender and from one loan product to the next. The general rule is the higher a borrower's credit scores, the higher the likelihood of receiving an approval. Lenders also regularly rely upon credit scores as a means for setting the rates and terms of loans. The result is often more attractive loan offers for borrowers who have good-to-excellent credit.
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