In 1791, Alexander Hamilton presented to Congress his famous "Report on Manufacturers," which proposed that young industries of the United States be granted import protection. Hamilton was using the ______________ to justify protection
a. revenue argument
b. scientific tariff argument
c. infant industry argument
d. cheap foreign labor argument
c. infant industry argument
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In most states, the agreement of a person who has been adjudicated insane is ________.
A. conditionally enforceable B. voidable at the election of that person (or his or her guardian or administrator) C. voidable at the election of the other contracting party (or his or her agent) D. void
The more precise the prediction in a linear relationship, the closer the R-square value will be to:
A) 0 B) -1 C) +1 D) infinity E) .01
The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense
Indicate whether the statement is true or false
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,995,000. Harding paid $560,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $592,000; Building, $1,760,000 and Equipment, $1,168,000. (Round percentages to two decimal places: ie .054 = 5%).What value will be recorded for the building?
A. $1,760,000 B. $235,000 C. $997,500 D. $280,000