What is current rate method? The current rate method is an accounting process that is used to change financial statements from a foreign currency to the parent corporation's reporting currency.
It converts financial statements denominated in foreign currencies into the reporting currency of the business. The exchange rate at the time of the financial statement is used to translate all assets and liabilities. This method is also known as the translation approach. All assets and liabilities are translated using current exchange rates as per the current rate method.
Here are the accounts which are translated using current exchange rates under the current rate methiodal acetal liabilities short, it is important to remember that under the current rate method, all assets and liabilities are translated using current exchange rates.
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Will give brainlest
1. Define scarcity in terms of wants.
2. What are the three questions of economics?
3. Land, labor, capital, and entrepreneurship are called what economic term?
4. What is another word/term for an entrepreneur?
5. What is the reason most individuals want to open a new business?
6. Jim spends two and a half hours and $40 at the movies the night before an exam. What is the opportunity cost of this decision?
7. In a command economy, who decides what goods and services will be produced?
8. In capitalist economies how are prices set?
9. What is happening in the graph? (Supply or demand, increase or decrease, and is it quantity or not?)
10. What happens to the price and to quantity at this new equilibrium?
11. The law of supply says that as price rises, what will happen?
12. What will a high price do to consumers buying, and what will it do for producers?
13. If gas production drops for the year, how would it affect prices?
14. The law of Demand says when the price rises, the quantity demanded ________, and when prices fall, the quantity demanded of a good will __________.
15. If items are economic compliments, and demand for one increases, what will happen to the other item, typically?
16. Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
How would this technology affect the compact disc market? (Supply or demand? Increase
or decrease?)
17. What are the determinants of supply?
18. What do consumers do in the market to impact or influence what is produced?
Answer:
1. Scarcity is the inability to satisfy ones wants using the means available to them
2. Many have defined Economics as a social science that examines the relationship between
ProductionDistribution and Consumption of products and services.So the three questions are:
What will be produced?
Who will consume the products?
How will it get to the consumer?
3. Land, Labor, capital, and entrepreneurship in economic parlance collectively called the factors of production. Many schools of thought have also added Information to that list.
4. Another word for an entrepreneur is a business owner
5. Most businesses are set up to make a profit. Others to meet an intrinsic goal. However, because every business must operate sustainably, even not-for-profits must at least breakeven to remain in existence
6. The opportunity cost of a thing is the benefit forgone in order to have or possess that thing. The opportunity cost to Jim is the risk of failing the exam giving that he should be prepping of getting ready for the same.
7. In a command economy, the government is in control of all the factors of production and so decides what goods and services will be produced.
8. In capitalist economies, prices are determined by the forces of demand and supply
9-10. the graph was not supplied. Hence the answer could not be provided.
11. The law of supply says that as price rises, (all things being equal), supply will follow in the same direction. This is because rising prices is favorable to the manufacturer of the product as they stand to make more profit.
12. High prices will force demand by consumers down. Consumers also want to maximize value. That is, they want to get the best at the lowest price possible. Hence, for consumers, high prices (all things being equal) will translate to lower quantity purchased.
Producers on the other hand will (all things being equal) attempt to push out more of their products in order to take advantage of the high prices to make more profit.
13. Gas production will most likely translate to increased prices. The demand for gas is inelastic because it is an essential commodity. Hence a drop in the volume available for purchase (all things being equal) will create an upward spiral in prices.
14. The law of Demand says when the price rises, the quantity demanded (all things being equal) goes in the opposite direction, and when prices fall, the quantity demanded of a goodwill (all things being equal will go the opposite direction.
15. Demand for Complimentary or joint goods such as smartphones, data and call credit usually go in the same direction (all things being equal).
16. Advances in technology is leading to a decrease in the supply and demand for compact disk. Because of the availablility of songs and videos online and ease of access to them via the same media, the demand for compact discs which take up a lot of physical space and usually more expensive is take a downward run. This, in turn, is discouraging more production hence the lower the supply of same.
17. The determinants of supply are:
Cost of raw materials/inputs Productivity Technology: Better technology will translate to increased supply The Number of sellers: the more sellers there is, the more supply there is. Taxes and subsidies: Supply and taxes usually go in the opposite direction. Subsidies and supply usually go in the same direction. Government regulations: This can stop the supply for a goods or service completely or enhance it greately Price Expectations: When supplier expectations about prices are positive, supply goes up. Positive expectation is that the prices will go up.18. Consumers in order to impact or influence what is produced can choose between substitutes. These choices reflect why they go for a particular service, hence forcing other suppliers to follow the factors which drive demand.
Cheers
investment spending includes spending on
Answer:
Investment spending is spending on goods to produce other goods. Investment spending includes the accumulation of new inventories. It also includes spending by households on new houses. ... Gross investment is the total spending on investment goods.
Explanation:
Have a good day and stay safe!
Give a Brief history from subsistence economy to money economy.
Please Help ASAP. Please
Answer:
Explantation to the following question is as follows;
Explanation:
A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.
Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.
2. What are the problems can someone have without personal finance knowledge?
Overhead absorption rate per labor hour = $20 Overhead absorption rate per machine hour = $15 Product X requires 2 and a half hours of machine and 8 hours of labor. During the year, the company absorbed overheads totaling $140,000. However, actual fixed production overheads were $100,000. Which of the following is true? a) Product X should be sold for at least $197.5 b) Over absorbed overheads are $40,000. This is an expense that reduces profit. c) One hour of machine is more expensive than one hour of labor in terms of overheads. d) All of the answers are wrong.
Overhead absorption rate per labor hour = $20 Overhead absorption rate per machine hour = $15 Product X requires 2 and a half hours of machine and 8 hours of labor. During the year, the company absorbed overheads totaling $140,000. However, actual fixed production overheads were $100,000. The true statement is Over absorbed overheads are $40,000. This is an expense that reduces profit. c
The correct answer is b) Over absorbed overheads are $40,000. This is an expense that reduces profit.
To calculate the overhead absorption for Product X, we need to multiply the overhead absorption rate per machine hour by the number of machine hours (2.5) and add it to the overhead absorption rate per labor hour multiplied by the number of labor hours (8):
(2.5 x $15) + (8 x $20) = $37.5 + $160 = $197.5
So the total overhead absorbed for Product X is $197.5.
However, during the year the company absorbed $140,000 in overheads, which is $40,000 more than the actual fixed production overheads of $100,000. This means that the company over-absorbed overheads by $40,000, which is an expense that reduces profit.
Option A is incorrect as it is based on the calculation of the overhead absorption for Product X but does not take into account the over-absorbed overheads.
Option c is also incorrect as we cannot compare the cost of one hour of the machine to one hour of labor in terms of overheads based on the given information.
Therefore, the correct answer is b) Over-absorbed overheads are $40,000. This is an expense that reduces profit.
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Activities that are directly included in GDP accounts include:
O he value of housework done by householders.
O the selling of illegal drugs.
O unreported labor in sweatshops.
O buying a ticket to a Dodgers-Expos game on your day off.
Activities that are directly included in GDP accounts include buying a ticket to a Dodgers-Expos game on your day off.
What is GDP?Gross Domestic Product (GDP) includes the monetary value of all the final goods and services produced during the period of one financial year within the domestic territory of a country.
The activity of buying a ticket to watch the Dodgers – expo game on an off day should be included in the GDP account. Because People spend their leisure time-consuming final goods and services, the market value of goods and services is to be included in the GDP accounts
Money earned through illegal and unethical activities should not be included in the GDP account. So selling illegal drugs is not to be included in the GDP account.
GDP accounts are concerned with those activities which are appeared on the market. So the value of housework done by householders is not to be included in the GDP because it does not appear in the market.
GDP account includes those productive activities which are reported and whose value is measured in terms of money in the market. Though the Labour in the sweetshop is not reported, so it will not include in the GDP account.
Therefore, Option (d) is correct.
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What common tasks are performed by Manufacturing workers? Check all that apply.
preparing meals for factory workers
selling manufactured products
creating advertisements for products
designing products and processes
operating machinery
interpreting instructions
lifting and moving materials
Answer:
4 5 6 7
Explanation:
got it right on edge
Answer:
4. designing products and processes
5. operating machinery
6. interpreting instructions
7. lifting and moving materials
Explanation:
edge 2021 :)
stay safe and good luck <3
hey this is for thebeauty4evr19 so don't take it or im reporting u
Answer:
ty
Explanation:
What is the fundamental basis for trade among nations?
a. shortages or surpluses in nations that do not trade
b. misguided economic policies
c. absolute advantage
d. comparative advantage
The correct answer is D. Comparative advantage is the fundamental basis for trade among nations
In a financial version, dealers have a comparative advantage over others in generating a particular good if they can produce that excellent at a lower relative possibility price or autarky price, i.e. at a decreased relative marginal fee prior to change. Comparative gain describes the monetary reality of the work gains from trade for individuals, companies, or nations, which get up from variations in their component endowments or technological progress.
The absolute gain, evaluating output in line with time (exertions efficiency) or in keeping with quantity of input cloth (financial performance), is generally taken into consideration greater intuitive, but much less correct — so long as the possibility fees of manufacturing goods throughout international locations range, productive change is viable.)
David Ricardo evolved the classical concept of comparative gain in 1817 to give an explanation for why countries interact in global trade even if one united states of America's workers are extra green at producing every single good than workers in other nations.
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Matching terms [10 min]
Consider the following terms:
a. Flexible Budget
b. Flexible Budget Variance
c. Sales Volume Variance
d. Static Budget
e. Variance
Consider the following definitions:
——— 1. A summarized budget for several levels of volume that separates variable costs from fixed costs.
——— 2. The budget prepared for only one level of sales volume.
——— 3. The difference between an actual amount and the budget.
——— 4. The difference arising because the company actually earned more or less revenue, or incurred more or less cost, than expected for the actual level of output.
——— 5. The difference arising only because the number of units actually sold differs from the static budget units.
Requirement
1. Match each term to the correct definition.
Answer: See explanation
Explanation:
1. Flexible budget
A flexible budget is referred to as a budget that adjusts with the changes in volume.
2. Static budget
This is the budget that's prepared for just one sales volume level.
3. Variance
The difference between an actual amount and the budget is referred to as the variance.
4. Flexible budget variance
Flexible budget variance is the difference between the actual results that are gotten and the results that are gotten through the flexible budget model.
5. Sales volume variance
This is the difference between the actual units that are sold and the expected number of units that are sold, which is then multiplied by budgeted price per unit.
examples of opportunity buys include all of the following except: question 40 options: 1) volume discounts 2) impulse purchases 3) introductory offers 4) salvage buys
The correct answer is impulse purchases. Examples of opportunity buying excludes impulse purchases.
Opportunity buys are products that are purchased at a discounted rate, usually in bulk, and typically have limited availability. This includes volume discounts, introductory offers, and salvage buys. However, impulse purchases are made spontaneously, usually at full price.
Opportunity buys are purchases made by a company or individual due to a unique opportunity to buy a product or service at a lower price than normal.
An example of an opportunity buy is when a company offers a volume discount to a buyer who agrees to purchase a large number of products at once.
Here are the examples of opportunity buys:
Impulse purchases
Introductory offers
Salvage buys
Therefore, the correct answer is option 2) impulse purchases.
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i am doing in interview for business opportunities around my area what questions should i ask
Answer: General questionsWhen did you start your business?Why did you decide to become a business owner?What was your mission at the start of your company?How many employees does your company have?What services or products do you offer?How do you advertise your business?
Explanation: i think it’s right
Typical queries include: When did your business begin? Why did you choose to start a business? What was the purpose of your business when it first began? How many people work for your company? What products or services do you provide? How do you promote your company?
What is an interview?An interview is a planned dialogue in which one party asks questions and the other replies. The term "interview" in everyday speech describes a private discussion between an interviewer and an interviewee.
The interviewee replies to queries by the interviewer by typically supplying information. The use of or distribution of that information to other audiences is entirely up to you.
This characteristic is evident in many different sorts of interviews; even when no one else is present during a witness interview or a job interview, the answers will be made available to others later on in the hiring or investigating process. Information can be exchanged in both directions during an interview.
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You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
a manager notices that a new hire always dresses very professionally. the manager concludes that this employee acts professionally. this is an example of
In the following question, The manager notices that a new hire always dresses very professionally. The manager concludes that this employee acts professionally. This is an example of "stereotyping."
What is stereotyping? Stereotyping is the act of generalizing the characteristics of a group of people without consideration for their individual differences. Stereotyping is a form of bias and may result in discrimination or prejudice. It is a way of creating a set of behaviours or attributes that we expect from someone based on their group, rather than assessing them as individuals. Stereotyping and bias may take many forms.
It is one of the main causes of discrimination and prejudice. Stereotyping is often the outcome of people seeking to assign characteristics to a group of individuals without knowing the person. We will look at the various forms of stereotyping and bias in the next section. Conclusion:This is an example of stereotyping.
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HELP ASAP I NEED TO TURN IT IN RN (Econ) idk if the answer is A I accidentally clicked it
Answer:
C is S1.
Explanation:
how old do you have to be to work at lululemon
Answer:
The minium age requirement to work there is 18
Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
Assume that the banking system has total reserves of $200 billion. Assume also that required reserves are 12.5 percent of checking deposits and that banks hold no excess reserves and households hold no currency. The money multiplier is ...................
The money supply in the economy could potentially increase by $1.6 trillion (8 x $200 billion) if all banks were to lend out their excess reserves.
The money multiplier is a measure of the amount of money that can be created by the banking system through the process of lending.
In this scenario, we know that the banking system has total reserves of $200 billion, and required reserves are 12.5 percent of checking deposits. This means that for every dollar of checking deposits, banks are required to hold 12.5 cents in reserves.
If we assume that banks hold no excess reserves and households hold no currency, we can calculate the money multiplier as follows:
Money multiplier = 1 / required reserve ratio
Money multiplier = 1 / 0.125
Money multiplier = 8
This means that for every dollar of reserves held by the banking system, they can create up to $8 of new money through lending. Therefore, the money supply in the economy could potentially increase by $1.6 trillion (8 x $200 billion) if all banks were to lend out their excess reserves.
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1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answer:
A. decreasing the interest rates on loans charged to car companies
If the appropriate discount rate for the following cash flows is 6.18 percent per year, what is the present value of the cash flows? Discount rate 6.18% Year 1 $ 2 3 4 Cash flow 2,480 0 3,920 2,170 Complete the following analysis. Do not hard code values in your calculations. Present value
The present value of the cash flows in this scenario is $5,487.98.
This figure is determined by calculating the present value of each cash flow by discounting it by the given rate. The present value of the cash flow of $2480 in the first year is $2,361.43; the present value of the cash flow of $0 in the second year is $0; the present value of the cash flow of $3,920 in the third year is $3,299.10; and the present value of the cash flow of $2,170 in the fourth year is $791.45.
When combined, these present values total $5,487.98. The concept of present value seeks to understand the value of money today, in comparison to its value at a future date. The value of money changes over time due to inflation and other factors.
Thus, an important part of financial analysis is to calculate the present value of future cash flows to ensure that an investment is worthwhile. To calculate this value, the discounted cash flow (DCF) technique is used, which takes the future cash flows and discounts them using a pre-determined rate.
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In which career is it most important to exercise and take physical care of yourself?
A) therapist
B) child care provider
C) Interviewer
D) management
Answer: therapist
Explanation: i just took a test over this <3
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security
Answer:
D) poor physical security
Explanation:
Answer:
A natural disaster
Explanation:
I know it seems weird but I put that and my test on Plato scored it as right
PLEASE HELP NOW!!! Why is a higher interest rate important when saving money?
A.) It means the person will owe the bank less over time.
B.) It grows savings at a faster pace.
C.) It pays interest on principal and interest.
D.) It requires a lower amount be deposited each month.
PLEASE HELP!!!
Answer:
B.) It grows savings at a faster pace.
Explanation:
TRUE/FALSE. Managers are most likely to adopt a global geographic structure when they pursue a multidomestic strategy.
The statement "Managers are most likely to adopt a global geographic structure when they pursue a multidomestic strategy" is true because a multidomestic strategy involves tailoring products and marketing strategies to meet the specific needs of each local market.
A global geographic structure allows for greater decentralization and local autonomy, which can facilitate the implementation of a multidomestic strategy.
Global geographic structure relates to a business operational structure in which an international business opens its branches in different areas. These branches are usually used to carry out business operations within the area. An international business is a business that carries out its operations in different parts of the world.
A geographical organizational structure organizes people within an organization by geographic location. This structure creates specific divisions for each location. Each division acts as if it is its own company, combining different types of personnel for various business functions. For example, each division may have its own marketing department, production department, sales department, distribution department and more.
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Mothers often rely more heavily on support people like partners, doulas, and nurses during active labor.
Question 23 options:
True
False
The statement that Mothers often rely more heavily on support people like partners, doulas, and nurses during active labor is true.
What do take place during active labor?It should be noted that During active labor, the cervix will dilate from 6 centimeters (cm) to 10 cm in this period the contractions will become stronger, closer together and regular and the mother will be going through some pain in the process ansd the legs might cramp, and you might feel nauseated.and one might feel your water break .
In conclusion, during the labor the contractions get stronger, longer and more painful and the mother may feel pressure in your lower back, and your legs may cramp and she may feel the urge to push, hence Mothers often rely more heavily on support people like partners.
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Jem wants to make sure the gaming system she wants to buy includes
access to live events. What should Jem do to ensure she makes an informed
buying decision?
O A. Jem should consult friends on social media.
O B. Jem should review warranties and return policies.
O C. Jem should make the purchase with confidence.
O D. Jem should read the product description carefully.
Answer:
D. Jem should read the product description carefully.
Explanation:
hich of the following statements is correct? a. If the tentative minimum tax is $100,000 and the regular income tax liability is $120,000, AMT is $20,000. b. If the tentative minimum tax is $120,000, and the regular income tax liability is $100,000, AMT is $20,000 c. If the tentative minimum tax is $100,000 and the regular income tax liability is $120,000, AMT is a negative $20,000 d. If the tentative minimum tax is $120,000 and the regular income tax liability is $100,000, AMT is $120,000
The correct option is: a. If the tentative minimum tax is $100,000 and the regular income tax liability is $120,000, AMT is $20,000.
The Alternative Minimum Tax (AMT) is an additional tax calculation that ensures individuals or corporations with high income or certain deductions pay a minimum amount of tax. The AMT is calculated by comparing the tentative minimum tax (TMT) with the regular income tax liability, and the difference between the two represents the AMT owed.
In this scenario, if the tentative minimum tax is $100,000 and the regular income tax liability is $120,000, the AMT would be $20,000. This means that the taxpayer would owe an additional $20,000 in taxes under the AMT calculation. The other options provided in b, c, and d have incorrect calculations or negative values, which are not consistent with the AMT calculation.
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You bought 100 shares of stock at $15 per share. You sold your 100 shares at $21.75 per share. Calculate your percentage of gain. a) 18% b) 21% c) 31% d) 45%
Answer:
45%
Explanation:
2175-1500=675
675/1500=.45 or 45%