Why are protective tariffs considered negative?

They cause imports increase.

They cause imports to decrease.

Countries usually raise tariffs in retaliation.

Exports often decrease.

They cause people to buy more goods produced by their home country.

The LIFO inventory method assumes that the cost of the latest units purchased are: a. the last to be allocated to cost of goods sold b. the first to be allocated to ending inventory c. the first to be allocated to cost of goods sold d.

The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statement by having a. expenses understated and therefore net income overstated b. revenues understated and therefore net income understated c.

A cell phone company offers two different plans. Plan A costs $92 per month for unlimited talk and text. Plan B costs $0.20 per minute plus $0.10 per text message sent. You need to purchase a plan for your teenage sister.

Porters Inc. issued a 120-day note in the amount of $160,000 on 12/14/12 with an annual rate of 9%. What amount of interest has accrued as of 12/31/12?

Jungle, Inc., currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days.

Don't panic if you get lost. never leave camp without fire-starting equipment. always bring a map and compass. always tell someone where you are going. these are: rules of firearms safety

The situation in which one supplier thoroughly dominates a market and essentially shuts out other competitors

Under what scenarios could a foodservice operation achieve excellent food and beverage cost percentages, yet incur excessively high labor costs?

Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.

A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.