Point #2: Tariffs protect American jobs and wages. (Points: 13) I find this position to be valid. Protective tariffs are designed to raise the retail price of imported products so that domestic goods are more competitively priced (Nickels, McHugh & McHugh, 2008, p. 76). Therefore, if products are competitively priced then the consumer will be more likely to purchase domestic products instead of imports. Since consumers will be more likely to support American vendors, this will keep the American businesses running and not force them to cut costs to compete with imports.
| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
Calculate the amount of employee taxes withheld and prepare the company's journal entry to accrue the January salaries expense and withholding of January taxes. Answer: Salaries Expense | 8,000 | | FICA–Social Security Taxes Payable ($8,000 x .062) | | 496 | FICA–Medicare Taxes Payable ($8,000 x .0145) | | 116 | Employees' Federal Income Taxes Payable ($8,000 x .15) | | 1,200 | Accrued Payroll Payable | | 6,188 | 11. On December 1, 2007 Gates Company borrowed $45,000 cash from FirstBank on a 90-day, 9% note payable. a. Prepare Gate's general journal entry to record the issuance of the note payable.
This means aligning the previous concepts with a framework that financially capitalizes on the positive benefits realized. A successful business is conscious of the social and environmental impacts of its supply chain, operations, products and services, and acts responsibly to minimize any negative impacts and remain in business. 2.) Sustainability requires a commitment to engaging in business practices, make net positive contributions to the overall health and well-being of employees, customers, and community. Williams and his team have reached a consensus to address the future.
However, within this broad framework, many details need to be worked out, and the costs and benefits to businesses will depend on how the government tackles these finer points (Horne, 2011). At the core of a cap and trade system is the pollution permit (often called an allowance), which is essentially a commodity created by governments in recognition that the atmosphere cannot be treated as a free dumping ground. Businesses regulated by cap and trade are required to own one tonne’s worth of pollution permits for every tonne of pollution they produce (Horne, 2011). If pollution permits are costly, businesses will choose to reduce their pollution so they need fewer permits. Like a carbon tax, this approach strengthens the economic case for investing in clean energy (Horne,
Do not write summaries in note form. - Your page-by-page summaries MUST be typed. Handwritten versions will not be accepted. - Use 12 point font. - Spelling, grammar, and punctuation will count toward your grade, so proofread your work thoroughly.
Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
They also have a democratic policy where the customers can decide which non-profit organization they would like Nau’s 5% of total income to go to. Theircompany’s approach definitely leads towards a consistent and sustainable change in the environment as well as improving the society’s welfare. I believe Nau’s company will have many benefits, as we all know that socially responsible companies always rise above the rest and have very few drawbacks. Nau’s approach will have national/international recognition giving them a good public image. I also think that their company will have stable long-run profits.
“Free Trade is not Fair Trade”. Discuss. Free Trade is the unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas (Investopedia, 2012). Fair Trade is a trade in conformity with a fair-trade agreement and a movement whose goal is to help producers in developing countries to get a fair price for their products so as to reduce poverty, provide for the ethical treatment of workers and farmers, and promote environmentally sustainable practices (Merriam-Webster, 2013). It can be argued that free trade is not fair trade.