Answer:
c. Import quotas.
Explanation:
An import quota is a restrictions made on the trade that specify the physical ,imit on the good quantity that could be imported in a country for the particular period of time. It is used for providing the benefit to the producers in that particular economy
So as per the given situation, the option c is correct
and, the same should be considered
Answer:
B - Extrapolate
Explanation:
Extrapolate means to extend the application of (a method or conclusion, especially one based on statistics) to an unknown situation by assuming that existing trends will continue or similar methods will be applicable.
Answer:
The entries are as follows
To record estimated returns on Sales
Debit: Sales Refund Payable Account $131,400
Credit: Accounts Receivables $131,400
To record estimated Cost of Sales returns
Debit: Inventory Returns Estimated Account $77,700
Credit: Inventory on Sales on Returns $77,700
Explanation:
To derive the figure for Sales Refund payable for the year
6% of $2,190,000
= = $131,400
To derive the figure for Inventory cost on Sales Refund payable for the year
6% of $1,295,000
= = $77,700
Answer: 50% chance of success.
Explanation:
A high achievers most times isn't very sure of the outcome of an event, but when there is 50% chance of him achieving his goal, he takes the move and ensures to give in his best while hoping for the best. The ability to take a risk in the midst of uncertainty separates a low achiever from a high achiever. As high achievers are able to take wise risks when the need demands.
Answer:
Dr Accumulate depreciation $5,000
Dr Loss on asset retirement $5,000
Cr Equiqment $10,000
(to record the Equiment retirement at the end of fifth year of its 10-year useful life)
Explanation:
The annual depreciation is calculated as: (10,000 - 0) / 10 = $1,000
As it is at the end of fifth-year, the accumulated depreciation associated with the Equiment will be : 5 x 1,000 = $5,000
As a Equiment is retired without any recovery, the booked value of the Equiment is "written-off" by a Credit entry of $10,000; the associated accumulated depreciation is also "removed" from the Balance Sheet by a Debit entry of $5,000; which all leaves us the Loss on Asset Retirement at $5,000 record by a Debit entry.