Governments implement Administrative trade policies that are designed to make it difficult for imports to enter a country.
<h3>What is Administrative Trade Policies?</h3>
Administrative trade policies are bureaucratic rules designed to make it difficult for imports to enter a country. These are rules and regulations made by the government to control the entry of particular products into the country.
<h3>What is Trade policy ?</h3>
Trade policy is the set of agreements, regulations, and practices by a government that affect trade with foreign countries. Each nation determines its own standards for trading, including its tariffs, subsidies, and regulations.
Trade policies have a significant effect on the international economy and on financial markets. They affect exchange rates, the availability of goods, and the prices that people pay for them, among many other economic factors.
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Answer: Prior period adjustment resulting from the correction of an error.
Explanation:
The Cash basis method is not acceptable under both IFRS and U.S. GAAP accounting principles and these are the principles followed by the majority of the world so Lore Co. was using the cash basis in violation of both conventions which means that their accounting records before the change are considered wrong and full of errors.
In changing to the acceptable principles, they are correcting that error and need to adjust prior periods for that error as well.
Answer:
A. A credit to Child Care Fees Earned of $4,500.
Explanation:
The journal entry to record this given transaction is shown below:
Cash A/c Dr $4,500
To Child Care Fees Earned A/c $4,500
(Being the fees earned is recorded)
Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.
The monthly fee is $9,000 but we have to compute for 15 days, so it would be
= $9,000 ÷ 2
= $4,500
Answer:
The answer is <u>A. The Muffler</u>
Explanation:
The first muffler for cars was designed in 1897.
The function of the car muffler is to slow down the speed of movement of the exhaust gases, which helps to smooth the movements of the engine, reduce the temperature of the gases and reduce the emissions of substances that are harmful to the environment.
Answer:Churning
Explanation: My teacher told us in class
