Answer:
Had the same currency.
Explanation:
Most countries have their own form of money (currency) which is traded and valued at different rates. If the entire world had the same currency then trade and purchases would be equalized across the globe and there would be less separation between economies.
Answer:
A) True
Explanation:
The net revenues of any company is calculated using the following formula:
Net revenues=Gross revenues-sales discount-sales returns-allowances
=$100,000-$3,000-$4,000-$2,000
=$91,000
Based on the above discussion, the answer is A) True
The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
Read more about the journal entry
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Answer:
Final Value= $187,251.22
Explanation:
Giving the following information:
Your grandmother has been putting $5,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 8%.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000[(1.08^18)-1]}/0.08= $187,251.22