Answer:
E) It would not necessarily be considered high elsewhere.
Explanation:
The US inflation rate during 1979 was 11.26%, during 1980 it was 13.55%, and during 1981 it was 10.33%. These numbers may seem very high for American standards, but they aren't really high once you compare them to other nation's inflation rate.
For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.
Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).
The US dollar is considered a very stable currency, that is why an inflation rate of around 10% was considered extremely high for American standards, but not so high compared to the rest of the world.
Answer:
Goodwill = $35,000
<u>Journal</u>
J1
Investment in Marino $300,000 (debit)
Cash $300,000 (credit)
J2
inventory $10,000 (debit)
equipment $230,000 (debit)
Trade Receivable $25,000 (debit)
Goodwill $35,000 (debit)
Investment in Marino $300,000 (credit)
Explanation:
Goodwill is the excess of Purchase price over fair value of Assets and Liabilities transferred in a Business combination agreement.
Goodwill = Purchase price - Net Assets Transferred (fair value)
= $300,000 - ($10,000+$230,000+$25,000)
= $35,000
Answer:
Industrial
Explanation:
The Industrial Revolution was a period of major industrialization and innovation that first took place in Great Britain and later spread throughout the world.
The first ( Great Britain) and second (American industrial revolution) industrial revolution have a direct impact in the birth of modern accounting and auditing profession as a result of the needs for accounting specialist.
Answer:
c
Explanation:
Key performance indicators are values or metrics used to determine how effective an organisation is in carrying out its objectives.
Bryan Air's key performance indicator is customer satisfaction. This is an example of a qualitative indicator
Qualitative indicators are not measured with numbers. It records opinions.
The KPI of Bryan Air has already been determined. The consultant is assigning values to the KPI by collecting data
The culture aspect take should be taken into account when making this decision is Language