Compare and contrast a tariff and a quota
What will be an ideal response?
A tariff is a tax levied by a foreign government against certain imported products. A quota is a set of limits on the amount of goods the importing country will accept in certain product categories. Both tariffs and quotas can be used to protect domestic firms from foreign competition.
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On January 1, 2018, Sun Company's balance sheet reported a deferred tax liability of $185,000 and a deferred tax asset of $99,900. The future taxable amounts that existed as of January 1, 2018, will reverse equally over the next four years beginning in 2018, while the future deductible amounts that existed as of January 1, 2018, will reverse equally over the next three years beginning in 2018. The enacted income tax rate for all tax years as of January 1, 2018, was 37%. On February 1, 2018 the tax laws were amended resulting in income tax rates of 38% for 2018 and 2019; the income tax rate will be 40% for tax years 2020 and later.Requirement:Prepare the journal entry on February 1, 2018 to record the impact of the amended income tax rates.
What will be an ideal response?
Cash budgets are often prepared monthly or even weekly
Indicate whether the statement is true or false
The number of locations a firm needs and their sizes depend on ______.
a. government regulations b. ISO certification standards c. target markets d. employee preferences
Learning curves have a variety of purposes. Your text places them into which three broad categories?
A) services, industry, and military B) internal, external, and strategic C) wholesale, distribution, and retail D) doubling, formula, and learning curve table E) positive learning, neutral learning, and negative learning