One of the arguments against NAFTA is that it hurt organized labor in the US and prevented it from gaining more members. How is this possible? Please elaborate
In: Economics
Are US exporters subject to income tax in importing countries? How does taxation of a branch firm differ from that of a subsidiary? Provide examples.
In: Accounting
medicare used cost-based reimbursement method from 1966 to 1983 to pay US hospitals. What are the pros and cons of this reimbursement method?
In: Finance
In: Nursing
Are US exporters subject to income tax in importing countries? How does taxation of a branch firms differ from that of a subsidiary? Provide examples.
In: Accounting
In: Economics
Is the US national debt cause for concern? I need some of the negative implications that come from the increasing national debt. Please explain.
In: Economics
The intangible assets section of Salmiento
Corporation’s balance sheet at Decem-
ber 31, 2010, is presented here.
Patents ($60,000 cost less $6,000 amortization) $54,000
Copyrights ($36,000 cost less $25,200 amortization) 10,800
Total $64,800
The patent was acquired in January 2010 and has a useful life of 10
years. The copyright
was acquired in January 2004 and also has a useful life of 10
years. The following cash
transactions may have affected intangible assets during 2011.
Jan. 2 Paid $45,000 legal costs to successfully defend the patent
against in-
fringement by another company.
Jan.–June Developed a new product, incurring $210,000 in research
and development
costs. A patent was granted for the product on July 1, and its
useful life is
equal to its legal life. Legal and other costs for the patent were
$20,000.
Sept. 1 Paid $40,000 to a quarterback to appear in commercials
advertising
the company’s products. The commercials will air in September
and
October.
Oct. 1 Acquired a copyright for $200,000. The copyright has a
useful life and
legal life of 50 years.
Instructions
(a) Prepare journal entries to record the transactions.
(b) Prepare journal entries to record the 2011 amortization expense
for intangible assets.
(c) Prepare the intangible assets section of the balance sheet at
December 31, 2011.
(d) Prepare the note to the financial statements on Salmiento
Corporation’s intangible
assets as of December 31, 2011.
In: Accounting
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In: Accounting
1.) Most taxes distort incentives and move the allocation of resources away from the social optimum. Why do corrective taxes avoid the disadvantages of most other taxes?
A Corrective taxes apply only to goods that are bad for people's health, such as cigarettes and alcohol.
B Because corrective taxes correct for market externalities, they take into consideration the well-being of bystanders.
C Corrective taxes provide incentives for the conservation of natural resources.
D Corrective taxes do not affect deadweight loss.
2.) University researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the research costs. What could the federal government do to equate the equilibrium quantity of university research and the socially optimal quantity of university research produced?
A tax university researchers
B offer grants to university researchers
C eliminate subsidized student loans
D nothing
3.) Tradable pollution permits
A have prices that are set by the government.
B will be more valuable to firms that can reduce pollution only at high costs.
C are likely to create a higher level of total pollution.
D are less desirable than corrective taxes in reducing pollution.
4.) Assuming transaction costs are small, the Coase theorem would predict that private parties could arrive at an efficient solution for which of the following problems?
A One neighbor lets his dog run through another neighbor’s garden, damaging her flowers.
B One neighbor doesn't mow her yard.
C One neighbor plays his music loudly.
D All of the above are correct.
5.) When a particular negative externality affects a very large number of people/parties, it is likely that
A government will not find it worthwhile to impose a corrective tax.
B private solutions to the problem will dominate any attempt by government to alleviate the problem.
C the solution to externalities suggested by the Coase theorem will work very well.
D the solution to externalities suggested by the Coase theorem will not work.
In: Economics