Answer:
d. It is an adjustment to reflect the differences in cost of living among different countries.
Explanation:
Purchasing power parity (PPP) calculates the cost of living, as it determines the value of goods or services, that can be purchased, by different currencies.
As with the purchase of goods or services in different currencies value of money is calculated in each currency, and accordingly it reflects the cost of living among different countries.
Therefore, correct statement is,
Statement d.
Answer:
(a) Supplies of $400 are on hand. Supplies account shows $1,600 balance.
Supplies (asset account) are overstated and supplies expense (expense account) is understated. Adjusting journal entry:
Dr Supplies expense 1,200
Cr Supplies 1,200
(b) Services performed but unbilled total $700.
Both service revenue (revenue account) and accounts receivable (asset account) are understated. Adjusting journal entry:
Dr Accounts receivable 700
Cr Service revenue 700
(c) Interest of $300 has accumulated on a note payable.
Interest expense (expense account) and interest payable (liability account) are both understated. Adjusting journal entry:
Dr Interest expense 300
Cr Interest payable 300
(d) Rent collected in advance totaling $1,100 has been earned.
Unearned revenue (liability account) is overstated, while rental revenue (revenue account) is understated. Adjusting journal entry:
Dr Unearned revenue 1,100
Dr Rental revenue 1,100
Answer:
c. It is necessary to have an agreement for an effective communication
Explanation:
The communication is basically a two way communciation where the sender send the message and the receiver received the message by decoding the message sended by the sender
When the communciation starts so there is an agreement i.e. necessary between the parties to have an effective communication
hence, the correct option is c.
Answer:
Yeah I'm good with business too
Explanation:
Answer:
approximate YTM = 12.16%.
Explanation:
the approximate yield to maturity = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
approximate yield to maturity = {100 + [(1,000 - 850) / 12]} / [(1,000 + 850) / 2] = 112.5 / 925 = 0.1216 = 12.16%
An investor that purchases this bond at $850 can expect to earn a 12.16% return.
