American automakers are concerned about the availability of so many foreign cars to US consumers, which they fear could cause loss of jobs in the American auto industry. To address the situation, they encourage Congress to: an. enact an export embargo. b. increase import tariffs on foreign automobiles. c. increase the import quota on foreign automobiles. d. increase the export quota of U. S. made vehicles to other countries. e. decrease import tariffs on foreign automobiles.

Island novelties, inc., of palau makes two products—hawaiian fantasy and tahitian joy. each product's selling price, variable expense per unit and annual sales volume are as follows:

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Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.