The debate also focuses on the job outsourcing in the ball-bearing industry. The president of the United States explains that it is necessary to impose restrictions against job outsourcing to protect workers in the domestic ball-bearing industry. The president claims that, without protection against job outsourcing, U. S. companies in the ball-bearing industry have incentives to outsource their jobs to developing countries where the labor is cheaper. This would leave many U. S. workers in the ball-bearing industry unemployed. The senator is using the argument to justify the trade restriction on tires.

a. national security
b. employment
c. infant industry
d. cheap foreign labor

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?