Answer: A. upward
Explanation:
Tariffs are taxes that a Government imposes on imported goods in a bid to protect local producers that are making the same goods.
When a Tariff is implemented, it will make goods from outside more expensive as well as give domestic producers an opportunity to charge higher prices as imports have become more expensive.
Both of these results will pull the domestic prices up.
Answer: The journal entries to record the 2017 estimate for bad debts is Debit Bad debt expense $140; Credit Allowance for doubtful accounts $140.
Explanation: Given that the amount in accounts receivable is $2,000, after the collections, CC Sunglasses Co. estimates that 7% of this amount may not be collected. Therefore, 7% of $2,000 is $140. And the accounting entries to recognize this bad debt expense is as provided in the Answer section above. However, the net balance in the accounts receivable would be $1,860 ($2,000 - $140), to show the realizable value as at December 31, 2017.
I would tell that visuals would attract audience's attention and make the information presented in the report became easier to digest.
Visuals can be made by adding various shapes and colors that separated a certain information from the rests of the texts in the report.
This will automatically catch the audience's attention to the relevant data that we want to show off. On top of that, presenting the data in the form of visuals make the audiences used both of their left and right brain hemisphere to digest the data and make them more likely to understand it.
Target rate of return = $156,000 / $1,040,000 = 15%
<h2>
What is target rate return?</h2>
Market leaders or monopolists nearly exclusively use the pricing method known as target rate of return pricing. Rate of return pricing is a technique used by businesses to set product prices in a way that eventually helps them achieve their main objective or return on invested capital.
<h3>What is target return and exchange policy?</h3>
- According to Target's regular return policy, you have 90 days from the date of purchase to return an item for a full refund or exchange. Most of the time, you'll receive your refund in the same payment method that you first used to make the transaction. In rare circumstances, you might have to accept an exchange if the product has been used or is damaged.
- By using the goal rate of return on investment, or what the company anticipates from the venture's investments, the firm sets the price for a product or service. The rate of return pricing helps the business generate the necessary amount of profit to keep its liquidity. The price is set so that if sales continue to grow at the rate they are now, the ultimate objective of creating corporate profit is achieved.
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