Answer:
a. Insurance expense for the month of march
= ($3,840 / 12 months) * 1 month
= $320 per month
b. Balance in prepaid insurance as of March 31
= ($3,840 / 12 months) *11 months remaining
= $3,520
c. Equipment rent expense for the month of April
= ($23,160 / 24 months) * 1 month
= $965
d. Balance in prepaid equipment rental as of April 30
= Nil ($0) as it is not mentioned that payment has been made, it is only mentioned that two year rental contract has been entered into.
Answer: Selling exports abroad at a lower price than the domestic price.
Explanation:
Dumping is a practice in international trade where the country exporting, does so at a price that is lower than the domestic price of the good being exported in the importing country.
This allows the country exporting to gain more market share but can also lead to the collapse of the domestic industry thereby allowing for an export based monopoly to form.
An example would be Japan selling electronics in the U.S. at lower rates to capture market share even though those same electronics commanded a higher price in Japan.
In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.
<h3>
How to make the best economic choices?</h3>
In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.
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Answer:
<h2> particular. l.f. Dr. rs. Cr. rs. </h2>
I) bank a/c. 1,00,00.
to capital a/c. 1,00,00
( being business started with bank balance)
II) purchase a/c 40,000.
to bank a/c. 40,000
(being goods purchased on credit)
III) BANK A/C 20,000.
TO GOODS A/C 20,000
(BEING GOODS SOLD ON CREDIT)
IV) FURNITURE A/C. 60,000.
TO BANK A/C. 60,000
(BEING FURNITURE PURCHASED ON CREDIT)
V) BANK A/C. 10,000.
TO FURNITURE A/C 10,000
(BEING FURNITURE SOLD ON CREDIT)
HOPE IT HELPS IM ALSO NOT COMPLETELY PERFECT AT IT
