Answer;
A
Explanation:
two types of industries are made mention of in this question.
1)Local Fledgling Industries
2)Export Dependent Industries,who are being forced to buy products from local industries now.
Since the Government has placed a ban on the importation of the products that are being made by the local fledgling industries. The implication of this is that:
1. Buyers of those import products will experience a rise in the Cost of those products as the competition faced by the Fledging industries decreases.
2. Competing becomes difficult for Export dependent industries. This is because of inflation. They now have to buy the same product at an inflated cost, thereby reducing profits.
Answer:
The Adjustment Entry for accrual of Interest Expense will be as follows:
Dr. Cr.
Interest Expense $840
Interest accrued Payable $840
Explanation:
Interest per day = $28
Interest expense for the Month = $28 x 30 = $840
$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.
These changes in strategy are indicative of internal forces of change. Internal forces of change in business refer to events, people and systems inside a company that aid or prevent it from fulfilling short term as well as long term goals.
I believe it was Heath Andreeson
