Answer:
The correct answer is letter "A": is a supply restriction limiting the quantity of a good that can be imported.
Explanation:
A quota for imports applies to set limits on the number of goods that can be imported into a country over time. Countries are using quotas to shield domestic companies. This limits the supply of those goods by imposing a top on foreign goods being imported, which keeps prices high so that domestic companies can still sell their goods at a fair price.
Answer:
A petty cash fund is created by debiting the petty cash account and credited to the cash account
The expenses made is debited to the respective expenses account and then credited to the cash account
Explanation:
petty cash = $470
Expenditures made by employees :
supplies = $139
Fuel for deliveries = $123
postage = $76
Miscellaneous = $40
NOTE : A petty cash fund is created by debiting the petty cash account and credited to the cash account
The expenses made is debited to the respective expenses account and then credited to the cash account
ATTACHED IS THE JOURNAL ENTRY
Answer:
Missing word <em>"Tax rate is 34 percent"</em>
Date Particulars Debit Credit
Deferred tax asset (884,500*34%) $300,730
Deferred tax benefit $300,730
(To record the deferred tax consequences of the current year NOL)
Deferred tax asset (192,000*34%) $65,280
Deferred tax benefit $65,280
(To record the deferred tax consequences of the depreciation)
Answer:
the reserves of the bank are short by 1,000
Explanation:
it could loan up to 5,000 dollars
but because it make a new loan of 6,000
their reserves decreases by 6,000
5,000 - 6,000 = (1,000)
the reserves of the bank are now short by 1,000
the reserve ratio is not used in this calculations as the 6,000 dollar from the loan leave the bank once the check is cleared
