Answer:
$5,060
Explanation:
Borrowed caah $506,000
12-month note bearing interest at 5%.
Hence,
$506,000 x 6% x 2/12 = $5,060
Therefore in connection with the note, Universal Travel Inc. should report interest payable at December 31, 2021, in the amount $5,060
Answer:
$240
Explanation:
Given:
Policy Amount = $10,000
Annual premium = $500
Average mortality table rate(65 year women die in a year) = 2.6%
Note:
Policy amount noted as payment for company.
Expected Profit on Policy = Annual Premium Amount - ( Policy amount x Average mortality table rate)
= $500 - ($10,000 x 2.6%)
= $500 - $260
= $240
Companies expected Profit is $240.
Answer:
The correct answer is letter "A": import substitution.
Explanation:
Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.
<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.