The rapid expansion of world exports since 1980 demonstrates that A. business people can expect to meet lower levels of competition in their domestic markets. B. domestic business cannot compete with cheap imports. C. the opportunity to increase sales by exporting is a viable growth strategy. D. jobs will inevitably decline in developed countries due to import competition. E. companies that do not export will probably not survive.

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.