The deadweight loss of a tariff is
a. a welfare loss since it promotes inefficient production.
b. a welfare loss since it reduces the revenue for the government.
c. not a welfare loss because society as a whole doesn't pay for the loss.
d. not a welfare loss since only business firms suffer revenue losses.
a. a welfare loss since it promotes inefficient production.
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The data below is for Benton Corporation for 2015. Accounts Receivable—January 1, 2015 $334,000 Credit sales during 2015 850,000 Collections from credit customers during 2015 725,000 Customer accounts written off as uncollectible during 2015 Allowance for Doubtful Accounts [Credit Balance] (After write-off of uncollectible accounts) 12,000 1,700 Estimated uncollectible accounts based on an
aging analysis 13,200 Refer to the data for Benton Corporation. If the aging approach is used to estimate bad debts, what should the balance in the Allowance for Doubtful Accounts be after the bad debts adjustment? a. $26,900 b. $14,900 c. $13,200 d. $11,500
Assume that an auditor notes a large series of checks that does not clear the bank for an unusually long time after period end. Which of the following would the auditor likely suspect from this observation?
a. Vendors are eager to get their payments. b. The reconciliation is accurate. c. Cash does not exist. d. The presence of held-checks at period-end.
In the opening vignette, the architectural system that supported Watson used all the following elements EXCEPT
A) massive parallelism to enable simultaneous consideration of multiple hypotheses. B) an underlying confidence subsystem that ranks and integrates answers. C) a core engine that could operate seamlessly in another domain without changes. D) integration of shallow and deep knowledge.
Once an arbitrator issues a decision, absolutely no appeal may be taken
a. True b. False Indicate whether the statement is true or false