Answer:
Imports create greater competition in the domestic marketplace.
Explanation:
Comparative advantage is defined as the ability of a company to produce goods at a lower opportunity cost than other competitors. They can now sell the goods at lower prices.
If the company in this scenario have competitive advantage in producing electronics then it is xheap for them to produce.
When they export electronics and import again, it can only mean that the imported electronics have a competitive edge that the company wants to take advantage of. For example higher quality than what is available locally.
<span>As a result of their wider networks and ability to sabotage crops when it was most beneficial for them, the black farmers which emerged following the Civil War were able to make money sharecropping due to the ability to influence the workflow and yield that would arise.</span>
Answer:
Explanation:
The adjusting entry is shown below:
Bad debt expense A/c Dr $2,500
To Allowance for doubtful debts $2,500
(Being adjusting entry is recorded)
For passing the adjusting entry we have to debit the bad debt expense and credit the allowance for doubtful debts. As bad debt is an expense so we debited it and the allowance for doubtful debts is a contra asset so we credited it
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