Answer and Explanation:
Protectionist policies followed by the government will lead to lack of competition for domestic firms in the market. When there is lack of competition for domestic firms in the market, this will make the firms inefficient in the long run in the country which has imposed protectionist policies. When the firms become inefficient, there will be less job creation in the jobs market and demand for labor will also reduce because of fall in profits of the firm. When profits fall, the firms will not be interested in providing safe working conditions to its employees because it will increase their cost of production reducing profits further. Thus, protectionist policies can lead to fewer jobs, lower wages or poor working conditions for the firm.
Answer: B .An increase in imports into the United States and a decrease in exports to Mexico, which will cause a decrease in aggregate demand and real GDP
Explanation: Both the United state and Mexico are involved in international trade between the two countries in this scenario. So if there is a an appreciation in the Dollars there will be increased in importation into the United States, since fewer dollars will be required to import items. This will caused decrease in export to Mexico which will decreased aggregate demand and real GDP.
Answer:
DR Supplies expense $2,800
CR Supplies $2,800
Explanation:
Opening Balance $2,100
Add Purchases $3,500
Total $5,600
Closing Balance $2,800
To determine usage for the month
=Total supplies - Closing Balance of Supplies
= $5,600 - $2,800
= $2,800
Usage for the month = $2,800
DR Supplies expense $2,800
CR Supplies $2,800
Answer:
May 1, petty fund is established
Dr Petty cash fund 550
Cr Cash 550
May 15, petty cash expenditures are recorded
Dr Janitorial services expense 194
Dr Miscellaneous expenses 101
Dr Postage expenses 68
Dr Advertisement expenses 34
Dr Cash short and over 77
Cr Petty cash fund 474
May 15, petty cash fund is replenished
Dr Petty cash fund 474
Cr Cash 474
May 16 Prepared a company check for $200 to increase the fund to $600.
Dr Petty cash fund 200
Cr Cash 200
May 31, petty cash expenditures are recorded
Dr Postage expenses 205
Dr Delivery expenses 34
Dr Reimbursement of business mileage to office manager 10
Dr Cash short and over 45
Cr Petty cash fund 294
May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $16, leaving a total of $440.
Dr Cash 16
Cr Petty cash fund 16
Let x = amount invested in 6% account
300 + x = amount invested in 8% account
6%x + 8%(300 + x) = 94
0.06x +0.08(300 + x) = 94
0.06x + 24 + 0.08x = 94
0.14x + 24 = 94
0.14x = 94 – 24
0.14x = 70
x = 70/0.14
x = 500
Amount invested in 6% account = $500
<span>Amount invested in 8% account = $300 + x
= $300 + $500 = $800</span>
