Which of the following is a reason why nations set up import controls?
A) to prevent the imposition of antidumping duties
B) to prevent foreign companies from destroying home industries
C) to reduce the flow of foreign currency coming into the home country
D) to prevent unfriendly nations from obtaining sensitive goods
B
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When the dependent variable is binary and there is one independent variable that is nonmetric, in addition to two-group discriminant analysis one can also use OLS regression, logit, and probit models for estimation
Indicate whether the statement is true or false
If Year 1 equals $1,400, Year 2 equals $1,554, and Year 3 equals $1,750, the index number to be assigned for Year 3 in trend analysis, assuming that Year 1 is the base year, is
a. 100. b. 135. c. 125. d. 130.
Company X was responsible for 40% of the environmental pollutants on a hazardous waste site whereas Company Z was responsible for the remaining 60%. Under CERCLA which of the following is true regarding the imposition of liability on the parties?
a. Company X and Company Z are subject to joint and several liability meaning that either can be held liable for the total cleanup costs, and no contribution between the parties is available. b. Company X and Company Z are subject to joint and several liability meaning that either can be held liable for the total cleanup costs, but contribution between the parties may be available. c. Regardless of whether both companies are still in business, Company X is responsible for only 40% of the cleanup costs, and Company Z is liable for only 60% of the costs. d. Liability depends on who was the initial polluter because that party has primary liability for the total costs whereas the other company has secondary liability in the event that the first polluter is no longer in business.
Carrington, Inc. began business at the start of the current year and maintains its accounting records on an absorption-cost basis. The following selected information appeared on the company's income statement and end-of-year balance sheet:Income Statement data:? Sales revenues (35,000 units × $22)$770,000 Gross margin210,000 Total sales and administrative expenses160,000Balance sheet data:? Ending finished goods inventory (12,000 units)192,000Carrington achieved its planned production level for the year. The company's fixed manufacturing overhead totaled $141,000, and the firm paid a 10% commission based on gross sales dollars to its sales force.Required: A. How many units did Carrington plan to produce during the year?B. How much fixed manufacturing overhead did
the company apply to each unit produced?C. Compute Carrington's cost of goods sold.D. How much variable cost did the company attach to each unit manufactured? What will be an ideal response?