Answer:
The correct answer is letter "A": Purchasing Power Parity.
Explanation:
Purchasing Power Parity or PPP compares currencies of different countries through the approach of a market basket of goods. Two currencies are in PPP when, in both countries, a market basket of goods, taking into account the exchange rate, is priced the same. PPP currency rates are considered more reliable than the exchange rates on the market.
Answer:
Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences.
Explanation:
This will help in planning and adjusting better and be careful.
Consider other option like 'focus your efforts on closing out all of your remaining projects and commitments related to your current position to get ready for your overseas assignment' is not related with any cultural adjustment. Which according to the exercise is the most effective aproach to solve the problem.
Answer:
Explanation:
When a sales is made on credit, the primary accounts that are affected are the sales accounts and the accounts receivable , with a credit entry of the sales value to the sales account and the same value in the receivable account. We also need to know that the cost of the item is credited to the inventory and debited to the cost of goods respectively.
However , when the sales is returned , the above entry will be reversed and a reversal entry is recorded as below
Credit account receivable - $500
Debit sales return = $500
Debit merchandise inventory $150
Credit cost of goods $150
Answer:
(A) $23,625
(B) $0
(C) $1,375
(D) $25,000
Explanation:
Given that,
Credit card sales on July 15, 2016 = $25,000
Credit card company collection fee = 5.5%
Therefore, the amounts should be recorded as follows:
(i) Cash amounted should be recorded as:
= Credit card sales × (1 - collection fee)
= $25,000 × (1 - 0.055)
= $25,000 × 0.945
= $23,625
(ii) Sales = $0
(iii) Service Charge:
= Credit card sales × collection fee
= $25,000 × 5.5%
= $1,375
(iv) Accounts Receivable:
= $25,000
Answer:
D. joint equity ownership
Explanation:
The aspect that is an essential feature of a joint venture would be joint equity ownership. That is because in a joint venture all parties combine all of their resources and share in both the liability and profits of the company. Joint Equity Ownership is the main part of this as it explains how these companies joint their assets in order to make as much profit as possible from their business venture.