Answers
Answer:
PV= $19,987.89
Explanation:
Giving the following information:
Annual payments= $2,000
Number of periods= 15 years
Interest rate= 6.35%
To calculate the present value, first, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {2,000*[(1.0635^15) - 1]} / 0.0635
FV= $47,812.25
Now, the present value:
PV= FV/(1+i)^n
PV= 47,812.25 / 1.0635^15
PV= $19,987.89
Related Questions
A business owner is aware that the Department of Labor has created rules
that require overtime pay for employees. When he works his employees more
than 40 hours in one week, he makes sure that he works them less than 40
hours the following week. The business owner feels that it is fair to average
the number of hours worked over the two weeks covered by the pay period
and use that number for calculating overtime pay. A representative of the
Department of Labor informs him that their regulations do not permit this,
Which of the following is true in this situation?
Answers
Answer:
the buisness owner must comply to the department of labor regulations
Explanation:
Setting the sales price is easy: Enter cost information and desired profit data into one of the cost-volume-profit formulas, and the appropriate sales price can be computed mathematically. Do you agree with this line of reasoning?
Answers
No, setting the price of the product not only depend on this but also depend on the following things,
Market conditions,
Company strategy and
Overall industry demography.
Price:
Price refers the quantity of payment or compensation given by one party to another in return for goods or services.
Given,
Setting the sales price is easy:
By entering cost information and desired profit data into one of the cost-volume-profit formulas, and the appropriate sales price can be computed mathematically.
Here we need to find the reasoning for the given line.
Here they said that the price of the product is only depends on the cost volume-profit.
But this statement id not a correct one because the cost of the product will truly depends on the market conditions, company strategy, and overall industry democracy also.
Therefore, we should not agree the reasoning.
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Read the scenario.
Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.
Based on this scenario, Raoul should
buy a used car.
lease a used car.
buy a new car.
lease a new car.
Answers
Answer:
lease a new car.
Explanation:
Raul is better off leasing a new car due to the following reasons.
Raul likes to change things now and then. With a lease, he can change the make and model of cars and often as he pleases.Raul does not have much money to repair and maintain his car. The best option is to lease a new car. A new car requires minimal maintenance. The cost of maintenance is not entirely up to Raul.Given that Raoul would not want to spend money on repairs and car maintenance, it is best that: he lease a new car.
What is a car lease?This is a type of financial agreement that exists where people would have to pay in order to drive a car instead of taking car loans that would have them own the car.
The lease would be beneficial because the car is new and he would not have to pay for much.
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Compare and contrast the penalties in a civil and criminal trial.
Answers
Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation: HOPE IT HELPS :)
Answer:
The person ^ is correct Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation:
The difference between a firms current assets and current liabilities is known as the
Answers
Answer:
Working capital
Explanation:
Working capital, also called net working capital, represents the difference between a company's current assets and current liabilities.
The difference between a firm's current assets and current liabilities is known as its "working capital." Working capital is a measure of a company's short-term financial health and represents the funds that are available to finance the day-to-day operations of the business.
Current assets include cash, accounts receivable, inventory, and other assets that are expected to be converted into cash within one year or within the normal operating cycle of the business, whichever is longer. Current liabilities, on the other hand, include accounts payable, short-term loans, and other obligations that are due within one year or within the normal operating cycle of the business. Therefore, working capital is calculated by subtracting current liabilities from current assets: Working Capital = Current Assets - Current Liabilities
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Which type of market is the least likely to have an official currency? closed economy command economy traditional economy mixed market economy
Answers
Answer:
It is called "traditional economy" to the set of ideas, systems and economic planning of a basic and customary cut, where decisions are made through a hierarchical structure where the group leader decides based on what he considers as his own and correct , based on religious, traditional or common sense issues.
This type of economy, characteristic of the totalitarian regimes of old, is not used today. Traces of this type of organization are only found in tribal societies in Africa and Asia.
The type of market is the least likely to have an official currency is traditional economy.
What is traditional economy?A traditional economy is an economic system that is rooted in a culture, tradition and needs rather than being centred on profit motive.
The traditional economy is known to be original economic system in which it has factors that helps in shaping the services and goods in terms what the economy produces.
The factors that may influence traditional economy are :
CustomsBeliefsTraditionsCultureHence, the type of market is the least likely to have an official currency is traditional economy.
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stion 6
yet
vered
Net exports
ked out of
Select one:
O a. decrease as real domestic income increases
lag
stion
O b. are independent of real domestic income
O c. increase as real domestic income increases
O d. are always negative
O e. are always positive
Answers
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,000 and $1,300, respectively. During 2022, Coolwear wrote off $775 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,100 at December 31, 2022. Bad debt expense for 2022 would be:
Answers
Answer: $3,575
Explanation:
Opening balance for Allowance for Noncollectable Accounts for 2022 is closing balance for 2021 = $1,300.
Cool wear wrote off $775 during the year which would come out of the allowance;
= 1,300 - 775
= $525
An allowance of $4,100 was determined for the year which means that the Bad debt expense is the difference between the determined allowance and the current balance because this is the amount that the account had to be increased by to cater for the bad debt expense.
= 4,100 - 525
= $3,575
Options for dealing with uncertainty include using safety ________. Inventory and demand Demand and stock Lead time and inventory Stock and lead time
Answers
When one experiences uncertainty in business, one way they can deal with it is by using safety stock and lead time.
Safety stock and lead time:
Allow for goods to arrive earlier than they normally would have so as to avoid delays Allows for goods to be stored to satisfy an unplanned increase in demandBy doing these things, safety lead time and safety stock ensure that a company can deal with stock uncertainty such that they will have enough to sell to people.
In conclusion, one can deal with uncertainty through the use of safety lead time and stock.
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Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answers
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
Suppose apples are currently selling for 50 cents a piece. Someone says that apple
sellers can't make a decent living if they sell their apples so cheaply. This person says
there should be a law stating that no one can sell an apple and no one can buy an apple
for less than 75 cents. A law to raise the income of apple sellers is suggested. What might
be an unintended consequence (effect) of this law?
Answers
Refer to Table 28-2. The labor-force participation rate of Aridia in 2012 was
O a. 88.9%.
O b. 53.3%
O c. 50%.
O d. 56.25%.
Answers
Answer: 56.25%
Explanation:
The labor force participation rate refers to the active workforce of a country. The following information can be derived from the question:
Adult population = 3200
Number of employed = 1600
Number of unemployed = 200
The labor-force participation rate of Aridia in 2012 will be:
= {(Number of employed + Number of unemployed) / Adult population} × 100
= (1600 + 200) / 3200 × 100
= 1800/3200 × 100
= 0.5625 × 100
= 56.25%
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
Which one of the following statements about being
an entrepreneur is INCORRECT?
Select one:
a. Entrepreneurs bring about change,
growth and wealth in the economy.
b. An entrepreneur assumes the risk of
losing all of his/her resources if the
venture fails.
c. An entrepreneur is someone who starts a
business with the intention of making a
profit.
d. Entrepreneurs assume relatively little risk
for the success or failure of the business.
O
O
O
Answers
The statement that is incorrect of entrepreneurs is d. Entrepreneurs assume relatively little risk for the success or failure of the business.
What do entrepreneurs assume as risk ?Entrepreneurs commonly undertake a considerable degree of risk in the pursuit of favorable outcomes or unfavorable consequences within their business endeavors.
The process of initiating a new business venture entails assuming a certain degree of risk, as it requires putting in personal financial resources, time, and hard work. Entrepreneurs are frequently confronted with the prospect of forfeiting all of their invested capital in the event of business failure. Consequently, statement d is deemed inaccurate.
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Imagine that you are conducting a competitive analysis for a dog grooming business in your area. Put the steps in order by matching each item to the answer.
Compile a list of competitors
1. Step 1
Develop a marketing strategy
2. Step 2
Analyze your own brand
3. Step 3
Analyze each competitor brand
4. Step 4
Divide your competitors into two groups
5. Step 5
Identify your niche 6. Step 6
Answers
For an organizational competitive analysis, the steps can be ordered as follows:
Identify your nicheAnalyze your own brandCompile a list of competitorsDivide your competitors into two groupsAnalyze each competing brandDevelop a marketing strategyHow to do a competitive analysis?It is essential that a company has knowledge about its micro and macro environment. Knowing more about the competitors helps in identifying the best strategy for your company to be well positioned. For this, the company can use the SWOT analysis that helps in obtaining knowledge of the strengths, weaknesses, threats and opportunities of the internal and external environment.
Therefore, knowing the threats and market opportunities will help the company to develop the best marketing strategy to reach and create value for its target audience.
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What is one the greatest benefits of using a materials requirements planning system
Answers
One of the greatest benefits of using a materials requirements planning (MRP) system is improved inventory management. MRP allows companies to forecast demand for materials based on production schedules and sales orders, and plan for procurement of materials accordingly. This results in reduced inventory carrying costs, improved order fulfillment rates, and reduced waste and obsolescence of materials. MRP systems also help improve production planning and scheduling, as they allow for better coordination of resources and better management of lead times. This leads to improved efficiency and productivity, as well as improved customer satisfaction due to on-time deliveries.
What is the role of manager in the organization
Answers
The role of a manager is to plan, organize, lead, and control. Managers need to be able to increase efficiency and effectiveness of their employees
Managers just don't go out and haphazardly perform their responsibilities. Good managers discover how to master five basic functions: planning, organizing, staffing, leading, and controlling.
Planning: This step involves mapping out exactly how to achieve a particular goal. Say, for example, that the organization's goal is to improve company sales. The manager first needs to decide which steps are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and sales staff. These necessary steps are developed into a plan. When the plan is in place, the manager can follow it to accomplish the goal of improving company sales.
Organizing: After a plan is in place, a manager needs to organize her team and materials according to her plan. Assigning work and granting authority are two important elements of organizing.
Staffing: After a manager discerns his area's needs, he may decide to beef up his staffing by recruiting, selecting, training, and developing employees. A manager in a large organization often works with the company's human resources department to accomplish this goal.
Leading: A manager needs to do more than just plan, organize, and staff her team to achieve a goal. She must also lead. Leading involves motivating, communicating, guiding, and encouraging. It requires the manager to coach, assist, and problem solve with employees.
Controlling: After the other elements are in place, a manager's job is not finished. He needs to continuously check results against goals and take any corrective actions necessary to make sure that his area's plans remain on track.
All managers at all levels of every organization perform these functions, but the amount of time a manager spends on each one depends on both the level of management and the specific organization.
Roles performed by managers
A manager wears many hats. Not only is a manager a team leader, but he or she is also a planner, organizer, cheerleader, coach, problem solver, and decision maker — all rolled into one. And these are just a few of a manager's roles.
In addition, managers' schedules are usually jam‐packed. Whether they're busy with employee meetings, unexpected problems, or strategy sessions, managers often find little spare time on their calendars. (And that doesn't even include responding to e‐mail!)
In his classic book, The Nature of Managerial Work, Henry Mintzberg describes a set of ten roles that a manager fills. These roles fall into three categories:
Interpersonal: This role involves human interaction.
Informational: This role involves the sharing and analyzing of information.
Decisional: This role involves decision making.
Table 1 contains a more in‐depth look at each category of roles that help managers carry out all five functions described in the preceding “Functions of Managers” section.
The following lots of Commodity Z were available for sale during the year.
Beginning inventory 11 units at $48
First purchase 16 units at $51
Second purchase 20 units at $56
Third purchase 19 units at $58
The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the FIFO method?
a.$1,326
b.$3,566
c.$3,543
d.$1,104
Answers
Hershberger's Farms plans to mix two types of food to make a mix of low cost feed for the animals in his farm. A bag of food costs $10 and contains 40 units of protein, 20 units of minerals and 10 units of vitamins. A bag of food B costs $12 and contains 30 units of proteins, 20 units of minerals and 30 units of vitamins. Daily minimum requirements consist of 150 units of proteins, 90 units of minerals and 60 units of vitamins.
a. Based on the lowest possible cost, how many bags of food A and food B should be consumed by the animals each day?
b. What is the overall cost? $46.50
c. Was there any unused resources?
Answers
Answer:
Following are the responses to the given choices:
Explanation:
For point a:
It is possible to say that as the material unit in either bag are same, the minimum bag number is 90 /20 = 4.5
rounded off=Minimum 5 bags
They will try to use all of these bags as the cost of bag A is poor.
When we have five bags of protein A, therefore the vitamin requirements were n’t fulfilled.
Currently, using 4 bags of A and 1 B bag, protein, vitamin and mineral obligations are fulfilled. They all are met.
Therefore, 4 food bags A and 1 food bag B need to be consumed due to the lowest cost.
For point b:
Cost total:
\(=( 4 \times 10 ) + ( 1 \times 12)\\\\=40 +12\\\\= \$52\)
For point c:
The following are unused resources:
\(\text{Protein = Bag A + Bag B - Consumption}\\\\= 160 + 30 - 150\\\\=190-150\\\\= 40\\\\Minerals = 10 \\\\vitamins = 10\)
how has MTV networks international overcome cultural difference to create a world band
Answers
MTV networks international overcame cultural difference to create a world band by employing staffs from different cultural background and playing different genres of music.
What is culture?It should be noted that culture simply means the way of life of the people. It has to do with their lifestyles and their tradition.
Therefore, MTV networks international overcame cultural difference to create a world band by employing staffs from different cultural background and playing different genres of music.
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Who was given the nickname 'Master of Hotel Finance ? Conrad Hilton
Bill Kimpton
Cezar Ritz
JW Marriott Jr.
Answers
Answer:
JW Marriott JR
am not sure hope this will help
Answer:
Conrad Hilton
Explanation:
The biggest hotel man in the world; NY Times described as "master of hotel finance". He formed the first major chain of American hotels in 1954.
Harris Company must set its investment and dividend policies for the coming year. It has three independent projects from which to choose, each of which requires a $3 million investment. These projects have different levels of risk, and therefore different costs of capital. Their projected IRRs and costs of capital are as follows: Project A: Cost of capital = 18%; IRR = 21% Project B: Cost of capital = 14%; IRR = 11% Project C: Cost of capital = 7%; IRR = 10% Harris intends to maintain its 35% debt and 65% common equity capital structure, and its net income is expected to be $6,288,000. If Harris maintains its residual dividend policy (with all distributions in the form of dividends), what will its payout ratio be? Round your answer to two decimal places. %
Answers
Answer:
Dividend payout ratio = 37.98%
Explanation:
Residual dividend policy means where a company uses residual equity to fund dividend payments.
We will accept Project A & C because Project B has lesser IRR than its Cost of Capital
Total investment = $3,000,000 * 2
Total investment = $6,000,000
Dividends = Earnings - Investment
Dividends = $6,288,000 - 65%*($6,000,000)
Dividends = $6,288,000 - 0.65($6,000,000)
Dividends = $6,288,000 - $3,900,000
Dividends = $2,388,000
Dividend payout ratio = Dividend / Total earnings
Dividend payout ratio = $2,388,000 / $6,288,000
Dividend payout ratio = 0.379771
Dividend payout ratio = 37.98%
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
Answers
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.
Answers
Answer:
When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.
In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.
It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus
How will the bank increase the quantity of money
Answers
Answer:
Expansionary policy increases the total supply of money in the economy more rapidly than usual and contraction policy expands the supply of money more slowly than normal. ... The reserves of money are kept in Federal Reserve accounts and U.S. banks.
Answer:
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Please help!!
If you accidentally forget to pay your credit card bill, you should immediately call a credit reporting agency instead of the credit card company to avoid paying a late fee.
True
False
Answers
Answer:
false
Explanation:
An overlooked bill won't hurt your credit as long as you pay before the 30-day mark, although you may have to pay a late fee.
STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]
Answers
BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).
Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.
On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.
Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.
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These are selected 2022 transactions for Kingbird Corporation. Jan. 1 Purchased a copyright for $126,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $56,400. Sept. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events.
Answers
Answer:
Dec. 31
Dr Amortization Expense $21,000
Cr Copyright $21,000
Dec. 31
Dr Amortization Expense $11,750
Cr Patent $11,750
Dec. 31
No entry
Explanation:
Preparation of all adjusting entries at December 31 to record amortization required by the events.
Dec. 31
Dr Amortization Expense $21,000
Cr Copyright $21,000
($126,000/6)
(To record amortization of copyright)
Dec. 31
Dr Amortization Expense $11,750
Cr Patent $11,750
(To record amortization of patent)
Dec. 31
No entry
(To record amortization of goodwill)
Calculation for 2020 amortization
First step is to calculate the Annual amortization
Annual amortization = $56,400/4
Annual amortization= $14,100
Now let calculate 2020 amortization
2020 amortization = $14,100 x 10/12
2020 amortization= $11,750
Classify the following topics as relating to
microeconomics or macroeconomics.
a. a family’s decision about how much income to save
b. the effect of government regulations on auto emissions
c. the impact of higher national saving on economic growth
d. a firm’s decision about how many workers\to hire e. the relationship between the inflation rate
Answers
Classify the following topics as relating to microeconomics or macroeconomics.
Microeconomics:
A family’s decision about how much income to save.A firm’s decision about how many workers\to hire.Macroeconomics:
The effect of government regulations on auto emissions.The impact of higher national saving on economic growth is a topic The relationship between the inflation rate.According to economics, there are two types of economics: macroeconomics and microeconomics.
Macroeconomics is the study of aggregates like unemployment, growth rate, inflation, populace, and GDP. The International Monetary Fund, or IMF, is also interested in macroeconomics.
As a result, the significance of the microeconomics or macroeconomics are the aforementioned.
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Identify whether each scenario describes a drawback or an advantage of trade regulation.
benefit of
trade regulations
drawback of
trade regulations
Melanie owns a juice and soda company. Her
country imposes tariffs on imported soft drinks.
Melanie and her employees feel secure because
they aren't threatened by heavy competition from
foreign beverages.
Chad owns a shoe factory. For 15 years, his
country has blocked virtually all foreign shoes
from entering the domestic market. Chad does
not feel the need to innovate and create new
styles of shoes to offer variety to consumers.
Ravi has a unique vision for the future of
smartphones. He believes his design can propel
his nation to the top tier of smartphone exporters.
But he holds off on starting a manufacturing
company because he thinks foreign competition
Answers
Answer:
Advantage
Drawback
Advantage
Drawback
Explanation:
Trade regulations may vary according to the policy.
1. Melaine had an advantage in this regulation. This brought protection against heavy competitors.
2. Chad has been using this Protectionism to keep on selling obsolete shoes. A huge drawback for his customers.
3. Ravi realized a great opportunity with this market opening a great advantage. He can sell it overseas.
4. Sharon has suffered a drawback in buying a new car. Either She will pay much more for the same car or She'll buy a simpler one.