Answer:
The correct answer is letter "A": import substitution.
Explanation:
Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.
<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000
Answer:
$6,574
Explanation:
Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.
As per given data
Beginning allowance for uncollectible accounts balance = $216,000
Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.
Adjusted Balance = $8,400 - 7,800 = $600
Account receivable balance = $216,000 + 1,007,800 - $978,000 = $245,800
Estimated allowance for uncollectible accounts balance = $245,800 x 3% = $7,374
As allowance for uncollectible accounts has already have balance of $600, Bad debt expense for the year is $6,574 ($7,374 - $800)
Answer: A customer strategy
Explanation: In simple words, it refers to a strategy under which an organisation tries to understand the needs and wants of the customers more carefully with the objective of maximizing their utility satisfaction.
Under this strategy, organisation tries to increase the financial value of their product that the customer percieves after buying it.
Hence the correct option is E.
