Is protectionism against free trade?

Answers

Answer 1

One argument is that it should be as easy as possible to conduct business internationally.

Do protectionism and free trade conflict?

Protecting a nation's vital economic interests, such as its significant industries, goods, and employment prospects, is the aim of trade protectionism. Free trade, on the other hand, encourages increased domestic consumption of goods and a more efficient use of all resources, including natural, human, and financial ones.

How does free trade suffer from protectionism?

In certain industries, protectionism can help maintain jobs or at the very least limit the pace of change. A new industry's development can also be aided by protectionism. If the government does not provide help for new businesses, they may find it challenging to compete in industries with high start-up expenses.

To know more about protectionism free trade visit:-

https://brainly.com/question/17002134

#SPJ4


Related Questions

Which is a feature of a Super PAC?

Answers

Super PACs are political committees with the sole aim of supporting independent expenditures and other independent political activity. They may accept an unlimited amount of money from people, businesses, labour organisations, and other political action committees.

Super PACs, also known as "independent expenditure-only political action committees," differ from conventional PACs in that they may raise money from individuals, businesses, and unions and may engage in unrestricted political spending (on things like commercials, for example).

Super pac is permitted to make limitless financial contributions to oppose or support a candidate, but they are not permitted to personally coordinate with or support a candidate of their choice. They have no restrictions on accepting donations from individuals, unions, or businesses, unlike standard PACS.

To know more about super pac:  https://brainly.com/question/29887515

#SPJ4

Which of the following expenditures is most likely to be deductible for a construction business?Â

a. A fine for a zoning violation.
b. A tax underpayment penalty.
c. An "under the table" payment to a government representative to obtain a better price for raw materials.
d. A payment to a foreign official to expedite an application for a business permit.
e. An arm's length payment to a related party for emergency repairs of a sewage line.

Answers

Option(e) An arm's length payment to a related party for emergency repairs of a sewage line is most likely to be deductible for a construction business.

Working in the construction industry will usually result in a number of tax deductions.

According to the IRS, you can deduct any ordinary and necessary business expense.

The Income Tax Act allows a taxpayer to claim a deduction from taxable income if he or she has purchased or built a home. Section 80C of the Act makes it possible for taxpayers to claim the deduction.

Personal expenses are generally not deductible, but expenses incurred in connection with a trade or business activity or in connection with the production of income are.

From the following options

option(e) An arm's length payment to a related party for emergency repairs of a sewage line is the most likely to be deductible for a construction business

To know more about Tax Deduction here

https://brainly.com/question/27051230

#SPJ4

What are your own feelings about credit scores and how they are used in our society? do you think they are accurate? fair/just? perpetuating inequality? explain your reasoning.

Answers

The FICO score, which is utilised by the major credit agencies to assess your creditworthiness, is the credit scoring system that you will hear about most frequently in the United States.

The range of your FICO score is 300 to 850, with a higher score being preferable. Your financial life might be dramatically impacted by your credit score. It is very important in determining if a lender will provide you credit. For instance, subprime borrowers are often those with credit scores below 640.

There may be variations in the data gathered by the three credit bureaus, but there are five key elements taken into account when determining a credit score: Financial history Amount owed in full History of credit used credit types extra credit.

Many credit cards, notably the most lucrative rewards cards, are only made available to customers with a certain level of creditworthiness. Numerous of the top credit cards are only promoted to people with excellent credit scores. Your credit score might impact the terms of your credit card application.

To learn more about credit scoring system please click on below link

https://brainly.com/question/28678535

#SPJ4

Which term describes the QuickBooks Online accounting system? Answer: A. Cash B Cloud-based C. Summary D. Double-entry

Answers

Cloud-based is the term that describes the QuickBooks Online accounting system. The cloud-based system is often referred to as cloud computing. Hence, option B is appropriate.

What is the meaning of Cloud-computing?

The on-demand availability of computer system resources, in particular data storage and processing power, without direct active supervision by the user is known as cloud computing. Functions in large clouds are frequently dispersed over several sites, each of which comprises a data center.

To provide quicker innovation, adaptable resources, and scale economies, cloud computing is the distribution of computing services over the Internet, including servers, storage, databases, networking, software, analytics, and even intelligence.

Hence, option B is correct.

Learn more about cloud computing here:

https://brainly.com/question/29737287

#SPJ4

Is a barter economy an economy with no money?

Answers

In a barter system economy, goods and services are available exchanged or transacted without the use of money. The correct response is (A) As traders sought to facilitate trade, money emerged out of a barter economy.

A barter economy is an economic system in which the exchange of goods and services occurs without the use of money and instead involves a negotiated exchange of products and services at a rate that is agreed upon by the people involved. Before the creation of the monetary system or money, the barter economy is regarded as one of the earliest economic systems.

A barter economy can be described by the following truths: A barter economy can be anticipated to have lower average living standards than a money system because traders sought to make trading easier and during the evolution of money. A barter economy is one in which goods and services are exchanged for other items of equal worth. Cash is not involved in barter.A lot of prehistoric cultures traded goods by bartering.However, early societies like the Phoenicians created the first kind of money to ease trade and allow the determination of a good's value.

complete question:

Is a barter economy an economy with no money?

(A) As traders sought to facilitate trade, money emerged out of a barter economy.

(B) Compared to a money system, a barter economy has reduced transaction costs for exchanges.

(C) It is reasonable to anticipate that average living standards will be lower in a barter economy than in a money economy.

To know more about barter system visit:

https://brainly.com/question/13015338

#SPJ4

What are the duties of a union steward?

a. To represent employees during grievance procedures against managers
b. To make sure the contract between workers and employers is properly enforced
c. To investigate complaints lodged by workers against employers

Answers

The duties of a union steward are to represent employees during grievance procedures against managers, to make sure the contract between workers and employers is properly enforced and to investigate complaints lodged by workers against employers. So all options are correct.

A union steward, often referred to as a union representative or shop steward, is a worker for a business or organisation who simultaneously serves as a labor union official, defending the rights of other workers. The job is optional, and the incumbent is typically chosen democratically by the other employees.

In most collective bargaining agreements, there is a steward clause that grants the union steward the ability to participate in union activity at work and to handle union business during working hours.

Hence, the duties of a union steward are:

a. To represent employees during grievance procedures against managers

b. To make sure the contract between workers and employers is properly enforced

c. To investigate complaints lodged by workers against employers

So all options are correct.

To learn more about duties of a union steward link is here

brainly.com/question/17423148

#SPJ4

a business process is a logically related set of activities that define how specific business tasks are performed. group of answer choices true false

Answers

A business process is a logically related set of activities that define how specific business tasks are performed. Given Statement are false.

The accomplishment of a business function is accomplished through the interaction of a network of activities, facilities, resources, and information. A business process is a system, and business systems are sometimes used to describe them.

They are the procedures that produce money right away. Manufacturing things, the order-to-cash process, and delivering goods to clients are a few examples.

A business process is fundamentally a set of repeated procedures used by a corporation to achieve a goal. Making progress toward your goals and enhancing the operations of your company depend on effective processes. The purpose of a business process is to help your company reach a specific target

Learn more about Business process to visit this link

https://brainly.com/question/14979506

#SPJ4

What is traditional credit?

Answers

Experian, TransUnion, and Equifax receive information from businesses about their accounts receivable, which is referred to as traditional credit.

What was the objective of traditional credit?

These housing loans are typically given by banks and then sold to other organizations like Fannie Mae and Freddie Mac. These are Traditionally known as "conventional loans."

With a domestic banking license and a physical location, banks are considered to be practicing traditional banking. Typically, only two of the three credit bureaus' ratings are required when qualifying for a mortgage using traditional credit.

Learn more about Freddie Mac, here:

https://brainly.com/question/28342268

#SPJ4

What do the 4 Agile values mean?

Answers

The agile approach to software development is defined by a commitment to producing software gradually, or in small, frequent increments.

The Agile Manifesto states that there are four key concepts of Agile software development:

Individuals and interactions take precedence over procedures and tools, functional software beats out thorough documentation, customer engagement beats out contract negotiations, and adapting to change takes precedence over sticking to a schedule.

To know more about software click on the link below:

brainly.com/question/28224061

#SPJ4

Which Agile methodology refers to a pull system focused on limiting the amount of work in progress to the capacity of the team?

Answers

Work in progress (WIP) limitations in agile methodology define the most quantity of work that can be present in each workflow phase.

Teams employ the iterative agile development process for software development. Cross-functional, self-organized teams frequently adapt projects by analysing the environment and user requirements. In sprints with short-term deliverables, Scrum teams continuously improve quality. The Agile methodology divides a project into many parts and uses these phases to manage the project. Continuous improvement at every stage and ongoing collaboration with stakeholders are required. Teams cycle through a process of planning, carrying out, and assessing once the job starts. Collaboration between team members and project stakeholders must always be ongoing.

To learn more about agile refer here:

https://brainly.com/question/26343725

#SPJ4

A local carbonated beverage business enters a foreign market. what problems could it face while entering a new country’s market?
a. the business has to invest heavily in establishing a bottling plant or commissioning a concentrate syrup project, and for this the company has to revise or plan a____.
b. advertisements and promotional schemes have to be introduced to make people aware of their product.
c. the company also has to hire an so that it does not face issues in____.
d. in order to avoid hurting sentiments, advertisements should be in accordance with the region’s____.

Answers

The problems it could face while entering a new country’s market are advertisements and promotional schemes have to be introduced to make people aware of their product. Thus, option B is correct.

Despite the fact that small firms have a far higher likelihood of failing than larger ones, many of them do survive and some even expand, according to the evidence. The following factors have been identified as impediments to small businesses' success in entrepreneurship economies of scale, the application of human capital, a lack of resources, location, and management abilities.

As a result, management service is a crucial differentiator between good, bad, and neutral companies. When expectations are not satisfied, people feel angry. Our industry operates in a fiercely competitive, increasingly global market. Customers now have a wider selection of options for products and services, thus it is crucial to have exceptional management skills. While poor customer service drives away consumers and their friends, good management service keeps customers coming back.

Therefore, option B is the ideal selection.

Learn more about the problems of new businesses here:

https://brainly.com/question/33322169

#SPJ12

Which type of data analysis helps answer the question what will happen next therefore forecasting what might happen in the future?

Answers

Identifying and forecasting likely future events is the goal of predictive analytics. Predictive models created by data analysts using previous patterns and trends can be used to determine the likelihood of a future event or outcome.

What situations use predictive analytics?

Almost any business or industry, including banking, retail, utilities, the public sector, healthcare, and manufacturing, can benefit from using predictive analytics to improve operations, increase revenue, and reduce risk. Machine learning on big data sets is occasionally combined with augmented analytics.

What are some applications of predictive analytics?

Cross-selling opportunities are encouraged by using predictive analytics to monitor consumer behavior or purchasing decisions. Businesses can attract, retain, and expand their most lucrative clients by using predictive modeling. operational improvement Businesses frequently employ predictive models to forecast inventory and manage resources.

To know more about predictive analytics visit:

https://brainly.com/question/18484504

#SPJ4

1-An example of an individual financial COI is: A researcher's wife... 1-An example of an individual financial COI is: A researcher's wife works at the same university as the researcher. A researcher's 10-year-old son wins a local science competition, the prize for which is a $5,000 scholarship to a workshop sponsored by a local company that sponsors one of the researcher's ongoing projects. A researcher's wife holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study. A researcher is considering buying stock in a publicly traded company that specializes in making and delivering hand tossed pizza. 2-The COI management plan aims to: Provide procedures or extras steps to be taken to minimize the risk of bias when a COI is disclosed Eliminate all COIs in research when a COI is disclosed Address disclosure of COIs in multi-center research when a COI is disclosed Reduce IRB review burden when a COI is disclosed 3-During an Institutional Review Board (IRB) meeting, any IRB member who may have a potential COI with a study under review should: Leave the meeting immediately Disclose their potential COI and not participate in any action Disclose their potential COI and may answer questions, but recuse themselves from voting Disclose their potential COI, but not answer any questions about the study

Answers

A researcher's wife holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study. Option (c) is correct.

What do you mean by Research?

Research is a systematic inquiry process that includes data gathering, documentation of important information, analysis, and interpretation of that data and information in accordance with appropriate procedures established by particular academic and professional disciplines.

Conflicts of interest that can jeopardize participant protection or the legitimacy of the human subject protection program shall not exist among researchers and study team members who are involved in research that is carried out under the direction of NHG or partner institutions.

Conflict of Interest - In a broad sense, a conflict of interest is any personal or professional interest of an investigator, a member of the study team, or a member of their immediate family (which includes parents, siblings, spouses, and each dependent child) that conflicts with their duty to uphold the rights and welfare of research subjects.

Financial Interest - When a financial interest in a research project is mentioned, it refers to a financial stake in the sponsor, the tested good or service. Any financial interest that is material, including but not limited to pay, is considered significant.

Therefore, Option (c) is correct. A researcher's wife holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study.

Learn more about Research, here;

https://brainly.com/question/18723483

#SPJ4

What is the main goal of campaign finance reform?

Answers

Political donations and expenditures, would need to be regulated, limited, or outlawed by governments. Any legal political donations and expenditures would also need to be made public.

What are the campaign finance reforms in USA?

Since the beginning of the union, the United States' campaign funding regulations have been a divisive political topic.

The Bipartisan Campaign Reform Act of 2002 is the most recent significant federal law that had an impact on campaign finance.

Important parts of the law barred the use of corporate and union funds to sponsor political advertisements within 60 days of a general election and unrestricted contributions to national political parties.

In Federal Election Commission v. Wisconsin Right to Life, the Supreme Court struck BCRA rules that restricted corporate and union spending on issue advertising.

Contributions, donations, and payments made to public officials or political parties, such as those made to a campaign committee, newsletter fund, or for entry to events like dinners or programs that support a political party.

To know more about Campaign reform, visit:-

https://brainly.com/question/29380656

#SPJ4

a widow wishes to take out a reverse mortgage on her house. what annual payment can she get if she decides on a $100,000 debt at the end of 10 years

Answers

Calculation of Future Value of $10,000 after 10 years at 9% Interest Rate

Future Value = Advance Amount x (1 + r)n

= $10,000 x (1 + 0.09)10

= $10,000 x 2.367363

= $23,674

The Amount available for annuity payment  

The Amount available for annuity payment = Debt – Future Value of Advance payment

= $10,000 - $23,674

= $76,326

Calculation of the Annual Payment that she would get

Future Value of an Ordinary Annuity = P x [{(1+ r)n  - 1} / r ]

Future Value = $76,326

Interest Rate (r) = 9%

Number of period = 10 Years

Annual Payment (P) = ?

Future Value of an Ordinary Annuity = P x [{(1+ r)n  - 1} / r ]

$76,326 = P x [{(1 + 0.09)10  – 1} / 0.09]

$76,326 = P x [(2.36736 – 1 ) / 0.09]

$76,326 = P x [2.36736 / 0.09]

$76,326 = P x 15.19293

P = $76,326 / 15.19293

P = $5,024 per year

“Therefore, she would get annual payment of $5,024 per year”

Learn more about to annual payment visit here;

https://brainly.com/question/18958209

#SPJ4

he marginal revenue curve faced by a perfectly competitive firm
O is horizontal at the market price.
O is downward sloping, because price must be reduced to sell more output.
O lies below the firm's demand curve.
O has all of these characteristics.

Answers

The correct answer is horizontal at the market price marginal revenue curve faced by a perfectly competitive.

The quantity required decreases to zero when a completely elastic commodity or service's price rises above the going rate. Customers simply won't pay more than a given price for an item or service if there is perfect elasticity in the market. The items produced in a horizontal market are diverse to be able to satisfy the demands of several industries. A horizontal market is one where the output item or service is widely utilized and in high demand, such that producers have little risk from fluctuations in demand.All the steps of a protracted sales process are taken into consideration in horizontal sales procedures. Starting with targeting, they proceed to phases like qualification, discovery, presentation, and acquisition.

To learn more about horizontal at the market price click the link below:

brainly.com/question/29492394

#SPJ4

What was FDR's economic recovery program called?

Answers

The New Deal was a sequence of programs, public work projects, monetary reforms, and policies enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.

What was once Roosevelt's program of relief recuperation and reform?

The New Deal had three goals: relief, recovery, and reform. Relief intended that the president desired to assist those in disaster without delay by using growing jobs, bread lines, and welfare. Recovery used to be aimed at fixing the economy and ending the Depression

What have been the three New Deal programs?

The New Deal packages have been acknowledged as the three "Rs"; Roosevelt believed that collectively Relief, Reform, and Recovery should bring economic balance to the nation. Reform packages centered especially on methods for ensuring that depressions like that in the Thirties would never have an effect on the American public again.

Learn more about New Deal programs here:

https://brainly.com/question/11739226#SPJ4

Does federal income tax include Social Security and Medicare?

Answers

Federal income taxes do not include FICA. Both taxes are based on the employee's gross salary, but they are two independent amounts that are calculated separately. Your federal income tax or refunds are rarely impacted by the Medicare and Social Security levies.

The Social Security and Medicare federal programs, which offer benefits to retirees, individuals with disabilities, and offspring of deceased workers, are funded by contributions from both employees and employers under the Federal Insurance Contributions Act. Title 26, Subtitle C, Chapter 21 of the United States Code contains the tax legislation known as the Federal Insurance Contributions Act. Medicare offers hospital insurance coverage for seniors; Social Security benefits include old-age, survivors, and disability insurance (OASDI). The amount of payroll taxes one pays over the course of their working career is indirectly related to the annuity amount they would get from social security once they retire. As a result, Kevin Hassett claimed that because FICA is directly related to benefits that one is qualified to receive later in life, it is not a tax. Although no one has an earned property right to benefits from the system, regardless of how much they may have contributed, the US Supreme Court declared in Flemming v. The Social Security system is neither a pension nor an insurance plan, according to Nestor (1960). FICA functions as a tax in all actuality since money is set aside by Congress for specific purposes but is still entirely under its control, including the ability to be redirected. Only earned income is subject to the FICA tax; investment income, such as rental income, interest income, or dividend income, is not subject to this tax. Healthcare Insurance (HI)

Learn more about FICA here

https://brainly.com/question/15183057

#SPJ4

four seasons and ritz carlton are among hotels that keep records of all customer requests such as which newspaper the guest prefers or what type of pillow the customer uses. this is an example of what type of culture?

Answers

The sort of pillow the client uses or the type of newspaper the guest enjoys.

What do a client and an example mean?

In order to make your customers' contacts with you easy and enjoyable, as well as when they buy and use your products or services, you must give them with customer care. Outstanding customer service is a need if you want to grow your clientele and your business.

What means customer service?

Customer service is the help you give your customers so that the interactions with you easy and enjoyable, as well as when they buy and use your products or services. You must deliver exceptional customer service if you want to maintain customers and grow your organization.

To know more about customer visit:

https://brainly.com/question/13735743

#SPJ4

How do you track profitability by client in QuickBooks Online?

Answers

In QuickBooks Online, you can track client profitability by creating a Profit & Loss report and then filtering the report by customer.

To do this, select Reports from the left menu, then select Profit & Loss under Standard. On the Profit & Loss report, select Customize and then select the Filter tab. Under the Filter tab, select the checkbox for Customer and select the customer you are interested in tracking.

When you run the report, it will show you the total profit for the customer. Additionally, you can drill down into the report to see more detailed information about the customer, such as the individual products or services they purchased and the associated revenue and costs for each.

By tracking the customer profitability in this way, you can get a better understanding of which customers are most profitable and make more informed decisions about how to best serve them.

For more questions like QuickBooks click the link below:

https://brainly.com/question/30091612

#SPJ4

Is the integral part of management?

Answers

Decision-making is considered to be an integral part of the management.

Decision-making tends to involve the selection of a course of action which is said to be from among two or more possible alternatives in order to arrive at a solution for a given problem. So, the decision-making is an integral part of management.

However, it needs to make all kinds of decisions, which are from strategic development and the use of resources to employees motivation and to control of all processes in the management. Business is considered to be all about management which is an integral part of any business.

Hence, a good management tend to lay the foundation of a successful business.

To learn more about decision-making here:

https://brainly.com/question/16407152

#SPJ4

Who provides the infrastructure for IaaS?

Answers

Web apps. IaaS provides all the infrastructure to support web apps, including storage, web and application servers, and networking resources. Your organization can quickly deploy web apps on IaaS and easily scale infrastructure up and down when demand for the apps is unpredictable.

The full name of IaaS is Infrastructure as a Service. One of IaaS's biggest benefits is its quick scaling up and down capabilities in response to an enterprise's needs. IaaS providers often have the most advanced, powerful servers, networking, and storage hardware to satisfy the needs of their customers. IaaS is a practical cloud service model for workloads that are cyclical, experimental, or prone to unanticipated change. An example of a cloud computing service is infrastructure as a service, which offers essential networking, processing, and storage capabilities as needed and on a pay-as-you-go basis. software as a service is also (SaaS)

Learn more about IaaS here:

https://brainly.com/question/29457094

#SPJ4

Joining the ROTC is a great way to

gain military experience
earn money
highlight your creativity
manage your time

Answers

Answer:

Explanation:

Opportunity To Serve as an Officer

If you are interested in joining the military as an officer, ROTC can be a great way to achieve that. You will gain significant experience and have proven credentials within the military structure

Answer:

Joining the ROTC ((Reserve Officers' Training Corps) is a great way to gain military experience. This can be an excellent opportunity for individuals who are interested in pursuing a career in the military, as it provides hands-on training and experience in a variety of areas such as leadership, discipline, and teamwork. Additionally, participating in the ROTC can also help individuals develop important skills such as time management and communication, which can be valuable in both military and civilian settings.

Explanation:

Was the creation of NAFTA a success?

Answers

For some, NAFTA has been a success, as the United States, Mexico, and Canada have all experienced improved gross volumes of trade and financial flow. But the agreement has additionally been blamed for growing unemployment in the U.S.

Was NAFTA a success or failure?

The 1994 North American Free Trade Agreement (NAFTA) used to be the first alternate treaty that attempted to promote and protect place of work fitness and protection through a "labor facet agreement." NAFTA failed to shield workers' fitness and security due to the weaknesses of the facet agreement's text; the political and diplomatic

Hundreds of heaps of auto manufacturing jobs have also been created in the country, and most research have determined [PDF] that the settlement expanded productivity and reduced client fees in Mexico.

Learn more about NAFTA  here:

https://brainly.com/question/644093#SPJ4

a machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. what is the amount of depreciation for the second full year, using the double-declining-balance method? a.$37,500 b.$17,500 c.$16,667 d.$18,750

Answers

If a machine with a cost of $75,000 has an estimated residual value of $5,000. the amount of depreciation for the second full year, using the double-declining-balance method is: d. $18,750.

How to find the depreciation?

Straight line rate = 1/Useful life × 100

Straight line rate = 1/4 × 100

Straight line rate = 25%

Year 1 Depreciable expense = Machine cost ×(Straight-line rate× Multiplier)

Year 1 Depreciable expense  = 75,000 × (25% × 2)

Year 1   Depreciable expense  = 75,000 × 0.50

Year 1  Depreciable expense = $37,500

Depreciable expense for year 2 = (Machine cost - Depreciable expense for year 1) × (Straight-line rate× Multiplier)

Year 2 Depreciable expense = (75,000 - 37,500) × (25% × 2)

Year 2 Depreciable expense = 37,500× 0.50

Year 2 Depreciable expense =$18,750

Therefore the correct option is D.

Learn more about depreciation here:https://brainly.com/question/25806993

#SPJ1

What is the biggest disadvantage to savings accounts?

Answers

A savings account is an effective way to store your money in a secure location where it can earn interest

What is savings accounts?Although there are many various kinds of savings accounts, the deposit account, money market account, and certificate of deposit are the three most popular forms. Each one begins with the same fundamental premise: send your money to the bank in exchange for interest.An efficient approach to keep your money safe and earning interest is in a savings account. You can keep your savings in a liquid state with a savings account, which allows you to access your money anytime you need to, while also creating some breathing room between your savings and your daily spending requirements. Savings accounts frequently have lower APYs than other interest-bearing choices like certificates of deposit (CDs). Account limitations Savings accounts frequently come with limitations, like minimum balance or deposit requirements, withdrawal caps, and only a few different ways to deposit or withdraw money.

To learn more about savings accounts refer to:

https://brainly.com/question/28612990

#SPJ4

Susan quit her job as a teacher, which paid her $48,000 per year, in order to start her own catering business. She spent $12,000 of her savings, which had been earning 10 percent interest per year, on equipment for her business. She also borrowed $12,000 from her bank at 10 percent interest per year, which she also spent on equipment. For the past several months she has spent $1000 per month on ingredients and other variable costs. Also, for the past several months she has taken in $4700 in monthly revenue. What should susan do in the short run and the long run?.

Answers

Because her company is currently earning an accounting profit, Susan can continue operating for the foreseeable future; nevertheless, unless her revenues improve, she shouldn't do so in the long run. Economic profit/loss in the long run equals $0, and Susan is not even close. Until she can return to her previous teaching position, she should continue working at her catering business (or get a new one).

Total sales minus total expenses equals Susan's accounting profit/loss ($3,500 x 12). - [($1,000 x 12) + ($12,000 x 10%)] = $42,000 - $13,200 = $28,800

Accounting profit minus opportunity expenses equals Susan's economic profit or loss.Opportunity costs are the additional expenses or benefits foregone when selecting one course of action or investment over another. Susan's opportunity cost in this instance is $37,000, which is comprised of $36,000 in lost wages and $1,200 in lost interest.

Susan's financial loss is equal to $8,400 ($28,800 - $37,200).

Because her company is currently earning an accounting profit, Susan can continue operating for the foreseeable future; nevertheless, unless her revenues improve, she shouldn't do so in the long run. Economic profit/loss in the long run equals $0, and Susan is not even close. Until she can return to her previous teaching position, she should continue working at her catering business (or get a new one).

Learn more about Accounting profit  by using this link:

https://brainly.com/question/15036999

#SPJ4

How do you analyze a passage?

Answers

Provide background information for the piece without going into too much detail. Mention the passage (using correct format). The passage should then be followed by a mix of the following: Talk about the passage's events and why they are important to the overall work.

What are the four components of passage analysis?

Plot, place, characters, point of view, metaphorical language, and style are the factors that need to be examined. This will act as the paper's main source of support and evidence.How do you analyze a passage from a short story?

You must take into account variables like the background, setting, characters, storyline, literary devices, and themes when assessing a novel or short story. Keep in mind that a literary analysis involves more than just a summary or review; it also involves an interpretation of the work and a justification for your position based on the text.

Learn  more about passage  here:

https://brainly.com/question/26999874

#SPJ4

What are the 2 functions of price?

Answers

The functions of price are exchange facilitation and resource allocation

Prices coordinate the market purchasing and selling choices and also influence how goods and other resources are distributed across the economy. In a market, exchanges of commodities and services are made possible through price. The value that a seller places on their product can be communicated to prospective customers by setting a price, and customers can then choose whether or not they are willing to pay that price.

Price also signals to producers which commodities are in great demand and which are not, aiding in the proper allocation of resources in an economy. This aids producers in choosing what to create and how much of it, ensuring that resources are utilised effectively.

Read more about functions of price on:

https://brainly.com/question/15313970

#SPJ4

a machine with a cost of $178,000 and accumulated depreciation of $109,000 is sold for $59,200 cash. the amount of the loss related to the sale of this machine should be reported in the operating section under the indirect method is:

Answers

Under the indirect approach, a total of $9,800 should be shown for this machine in the operational section of the statement of cash flows.

What are the calculation and depreciation?

The machine book value is $178,000 minus $109,000 to equal $69,000. $59,200 was earned on the sale. Therefore, $9,800 is the loss on the sale.

Depreciation is a phrase used in accounting to describe two related concepts: first, the real decline in an asset's fair value over time, such as the value of industrial equipment declining year as it is used and wears out; and second, the allocation in accounting accounts of the asset's initial cost to the periods during which the item is used (depreciation with the matching principle).

Learn more about depreciation, from:

brainly.com/question/15085226

#SPJ1

Other Questions
What considerations would you have in your business as you consider short term and long term investments? What is the primary purpose of a PAC quizlet? a major industrialized state has a state corporate tax rate of 9.6% of taxable income. if a corporation has a state taxable income of $275,000, what is the total state and federal income tax it must pay? also, compute its combined incremental state and federal income tax rate. Compare market entry by a company into an industrialized region such as the EU with market entry into a developing country such as China.. What are the most important factors to consider for each? Provide an example of a company that has had a successful entry into each. Help please. Janmir Parker - Achieve3000 The Lowdown on Lowriders.pdf Thought Question Suppose you are building a one-of-a-kind lowrider bicycle that reflects your own creative style. Write a story about the bike, including its artwork and features, as well as your experience building it. Include details from the Article to support your ideas 2 (r+3) and please tell me how to do this question with a slow explanation pls so I can do it myself!! 20+ reward How can blockchain be used in supply chain? What does it mean when two such lines intersect? What can you say about the solution of the two equations? the graphs of x + 2y = 4 and y = 2x - 3 Let f be the function given by f(x) = x+4/(x-1)(x+3) on the closed interval [-5, 5]. On which of the following closed intervals is the function f guaranteed by the extreme value theorem to have an absolute maximum and an absolute minimum?a. [-5, 5]b. [-3, 1]c. [-2, 0]d. [0, 5] A car is traveling on michigan street towards ward street. The car plans to turn right onto ward street. What is the angle measure of the turn?. Which answer choice is the best definition of the word available as used in the sentence. which of the following conclusions is most supported by the data in the chart? responses the voting rights act of 1965 has significantly reduced disparities in voter registration between whites and african americans. the voting rights act of 1965 has significantly reduced disparities in voter registration between whites and african americans. the gap in voter registration rates is due to a political realignment beginning in 1965 that shifted many voters in the south away from the republican party and into the democratic party. An aquifer has ___ porosity and ___ permeability.a. low; highc. low; lowb. high; lowd. high; high The diagram above illustrates how the number of individuals in a population changed with time as a result of external stresses and resource limitations. Which lettered portion of the curve most likely corresponds to the carrying capacity of the ecosystem?ABCDE Multiple choice questions1. Amount due from another party. Most common: Accounts receivables, and Notes receivables.a. Bad Debtsb. Bankers rulec. Selling receivablesd. Receivables2. Date the note must be repaida. receivableb. Bankers rulec. Bad Debtsd. Maturity date3. Adjusting entry for Allowance method Dr. Bad debts expense, Cr. Allowance for doubtful accounts.a. Trueb. False4. Dr. Bad debts expense, Cr. Allowance for doubtful accounts.a. Recovering a Bad Debt (Allowance method)b. Adjusting entry for Allowance methodc. Allowance Methodd. two advantages of allowance method5. Contra asset account with a balance approximating uncollectible accounts receivable; also called Allowance for Uncollectible Accountsa. Allowance for Doubtful Accountsb. Aging of account receivablesc. Allowance Methodd. Interest Computation6.The maturity date of a note receivable:A. Is the day of the credit saleB. Is the day the note was signedC. Is the day the note is due to be paidD. Is the date of the first payment7.A company receives a 10%, 90-day note for $1,500. The total interest due upon the maturity date is:A. $37.50B. $150.00C. $75.00D. $50.008.What is the amount of interest that is due on a $36,000 3-month 4% note receivable?9.If a 60-day note receivable is dated September 22, what is the maturity date of the maturity date of the note?10.Hasbro had net sales of 7,875 and its average accounts receivable is $1,350. Calculate Hasbros accounts receivable turnover. Graph this line using the slope and y-intercept: y= 7x3 Click to select points on the graph. What are 4 international trade agreements? A potassium atom (atomic number 19) loses an electron while forming a bond with another atom. which best describes the potassium ion that forms?a. it is a negative ion that has one less valence electron than a neutral potassium atom.b. it is a negative ion that has one more valence electron than a neutral potassium atom.c. it is a positive ion that has one less valence electron than a neutral potassium atom. d. it is a positive ion that has one more valence electron than a neutral potassium atom. Who won the election of 1932 and what did he promise to do in response to the Depression? How do you find the frequency of a wavelength example?