Based on the given description above regarding the trade activities between the countries Cadmia and Palladia, I can say that this kind of agreement would lead to DUMPING. The answer is the first option. In the international trade, the term Dumping refers to predatory pricing wherein the manufacturer or the supplier supplies products having prices that are lower the cost of production.
Answer:
DR Bed Debt Expense $28,245
CR Allowance for Doubtful Accounts $28,245
Explanation:
The Bad Debts expense figure for the year is;
= Accounts to be uncollected - Credit balance in Allowance for doubtful debt account
= 28,750 - 505
= $28,245
Debit this figure to the Bad Debt Expense account and Credit it to the Allowance for Doubtful Accounts.
Senator approxmire is Incorrect because the monopsonist's effective MRC curve becomes ABCD, which means that it<span> would choose to hire more workers, from L1 to L2, following the imposition of the minimum wage.
When monopsonist exist, the majority of workers within a certain area will be employed by a single entity. When we enacted minimum wage, indeed the company's salary expense will be increased, but this will goes along with the total productivity increased by the happy employees.</span>