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Dominik [7]
2 years ago
9

Financial tension may arise from large scale migration of low skilled labor into developed countries due to:_____.

Business
1 answer:
ElenaW [278]2 years ago
6 0

Financial tension may arise from large scale migration of low skilled labor into developed countries due to:

  1. Decreasing wages as supply of labor increases
  2. Net fiscal costs related to social welfare increase

<h3>What is migration?</h3>

This is the movement of people from one country to another. Here, migration take place due to low wage rate being paid to workers, which is not sufficient to meet their daily needs.

There are several reasons for migration. However, the commonest are:

  • People can enjoy better infrastructural facilities like good roads, stable power supply.
  • The standard of living of the people can be enhanced.
  • There will be access to education and job opportunities for the migrants.

When there is frequent migration, such situation can create financial tension or instability to the developing countries. This is because of large scale of low skilled labor that would leave the country and then move to developed countries.

Learn more about migration here: brainly.com/question/18259786

#SPJ1

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At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $862,000. Chan records it
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Answer: Please see the required journals below:

December 31:

Debit Bad debt expense                                $6,034

Credit Allowance for doubtful accounts       $6,034

February 1:

Debit Allowance for doubtful accounts              $431

Credit Accounts receivables                               $431

June 5:

Debit Cash                                                            $431

Credit Bad debt recovery (income statement)   $431

Explanation: The company estimates its bad debt expense as percentage of sales. In this case 0.7% of its annual sales of $862,000 was deemed as uncollectible, that is, 0.7% x $862,000 = $6,034. The required journals to recognize this bad debt expense is provided above. However, since there was an existing provision, which resides in the allowance account, a write-off would definitely hit that account in order to extinguish the accounts receivable portion. Upon recovery of the write-off, we cannot reinstate the receivable since it was already extinguished but we need to recognize the recovery as a gain.

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The supply of tortillas decreased

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Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her b
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A company reported net income of $6 million. During the year the average number of common shares outstanding was 3 million. The
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The Price/Earnings ratio is approximately:

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Answer and Explanation:

Given that

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b. The drawing is the equity account while the cash is the asset account

c. The drawing account is increased and the cash account is decreased

d. The drawing account is debited and cash account is credited

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