Answer:
Export led growth
Explanation:
Export led growth
Export led growth is a business strategy used by developing countries in order to export goods that selling consist of major advantages to economy.
Export led growth is sometimes defined as export led industrialization that aim to expand industrialization process not in same country but in foreign country too.
The countries that inherit the export led growth are Singapore, china, Vietnam etc. They have high trade-GDP ratio which evaluate total trade value with respect to GDP.
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Answer and Explanation:
The preparation of the income statement is presented below:
Service Revenue 340,000
Less:
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Net income $60,600
Hence, we simply deduct the expenses from the service revenue so that we get the net income
Answer:
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