Answer:
B. tariff
Explanation:
A tariff is a form of tax imposed on imported goods by a country .
Quotas place a limit on the quantity of goods that can be imported.
Embargo prohibits the sale of certain goods.
Voluntary export restraint is when an exporting country limits the amount of goods it exports.
I hope my answer helps you
Answer:
The answer is C.
Explanation:
The year is 360 days.
Annual rate is 9%
Therefore, interest rare for the 120-day is 3%[(120/360) x 9%]
So, the interest on the rate is:
3% x $20,000
$600.
The total amount collected from Dark Co. will be principal + interest
$20,000 + $600 = $20,600
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have:
Dr Cash $20,600
Cr: Receivable $20,000
Cr: Interest Revenue $600.
Answer:
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