Answer:
Option A) $5000
Explanation:
The explanation for this question is given in the attachment below.
Answer:
The adjusting entry for interest at its year-end of December 31:
Debit Interest expense $270
Credit Interest Payable $270
Explanation:
Hurricane lends $9,000 to another company with the rate of interest of 12%.
The amount Interest expense Hurricane has to pay after 1 year:
$9,000 x 12% = $1,080
The amount Interest expense Hurricane records at December 31, 2021:
$1,080/12 x 3 = $270
The adjusting entry for interest at its year-end of December 31:
Debit Interest expense $270
Credit Interest Payable $270
In an attempt to protect domestic workers and firms from competition from global businesses, trade restrictions are frequently put in place.
Trade restrictions are often implemented in an effort to shield domestic businesses and workers from competition from foreign businesses.
Restricting the importation of products and services made in other nations is known as a protectionist policy.
To protect domestic markets from international competition, many nations impose import restrictions. Protectionism is the term for such actions.
Countries primarily do this to appease domestic political pressures. Trade barriers come in a variety of forms.
Tariffs, quotas, sanctions, and embargoes are frequently used by nations to impede commerce. Trade restrictions can safeguard domestic industries, preserve jobs, provide income for a government, and aid a nation in achieving its political or social objectives.
To know more about tarrifs, visit:
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Answer:
China could not compete economically with its neighbors
Answer:
- Maude analyzes statistics to determine the level of risk a customer represents.
- Dominique explains policies and rules to customers.
- Lou documents information about customer incidents,
Explanation:
Insurance is a contract between an insurance( insurer) company and the client ( insured). The contract is presented in a contract document called the policy. The insurer assesses the risk associated with the insured before committing to the contract. The insurance company should educate the insured on the terms and conditions in the insurance contract.