The primary motivation of tariffs is to
A. raise government revenue at the cost of importers.
B. raise the price of imports, to protect domestic goods.
C. encourage foreign consumption.
D. punish countries over political issues.
Answer: B
You might also like to view...
Exhibit 9-5 Backhoe Company estimates its annual warranty costs to be 4% of annual net sales. Backhoe uses the GAAP approach of accruing warranty expense (and the related liability) in the year of the sale. The following information relates to the calendar year 2015: Net sales $3,000,000 Estimated liability under warranties: January 1, 2015 100,000 ? December 31, 2015, after year-end adjustment
80,000 ? ? ? Refer to Exhibit 9-5. The amount of expenditures for warranty costs for 2015 is A) $80,000. B) $120,000. C) $140,000. D) $240,000.
Which of the following is not true about why a service firm will use the job order costing system?
A) to help control costs B) to determine client billing C) to determine department costs within the firm D) to determine profit
The ______ of _______ is the dollar value of the interest earned or dividend received from a security, divided by the market value of the security.
Fill in the blank(s) with the appropriate word(s).
A company utilizing a flexible pricing approach should be aware of which potential negative consequence of this approach?
a. Increased sales b. Stockouts/lost sales c. Stable demand d. Reduced forecast accuracy