Answer: When the price of clothes in world supply falls due to an expansion in the Chinese clothing industry, the exportation profit on clothes will drop, because the supply is above demand, which will reduced the selling price. The reduction in selling price will be because of competition of customers between the exporters.
The importers will not be affect much, because their will only buy from a dealer who is ready to sale in relation to the decrease in consumer price. Therefore the importers are not in a disadvantage of this event, rather it will grow their profit, as the competition between the exporters increase.
The exporters in this context are those that produce the clothes for exportation. And the importers are those that buys the clothes and sale it in another country.
Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
Answer:
In my experience, essays work best for me to be able to show what I know. I feel that they are more effective than taking, say, a standardized test for example. This is because they are often multiple choice, and I find myself sometimes guessing rather than doing the intended work. In an essay, I have no option other than to type/write out what I know with little-to-no guesswork, making writing out an essay a superior option when it comes to displaying my knowledge on a topic. My preferred learning style is of the visual sort, and that means I learn best by taking notes, seeing examples, using charts and diagrams, etcetera. These skills influence my success on many different types of assessments, including essay writing, test taking, and project making. I am able to visually take notes on the topic at hand, often with examples, which, in my experience, greatly influences my success on these different types of assessments.
Annual membership fee is not a common credit card fee.
