Suppose a country sets all of its tariffs at 30% which causes a reduction in imports of 15%. If the total imports affected by the tariffs are 30 Billion USD and GDP is 100 Billion USD, the net national loss from the tariffs as a percentage of GDP is

Financial information that is capable of making a difference in a decision is

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false