I would say that Ernest is experiencing culture shock with regards to his initial experiences in China. The behaviour of his clients to his request for a signed contract, the cities being so crowded and transportation being difficult within the cities and food he liked being hard to find are all aspects of this. However, if he persisted he probably would find ways of dealing with these things and discover how to develop trust with his clients, find transportation that suited him and with searching and asking find at least one or two places that had the food he liked. From my own experience, I had a job in El Salvador and suffered culture shock re how aggressive the drivers were so I learned to be aggressive or at least assertive in my driving and thus had more success in this respect.
The coin is worth $150,000 today. If compounded annually, the coin will be worth: [150000(1.07^5)], which it makes it equal to $210,382.76. Compounding the investment grade coin allows its value to compound upon the interest being received and hence carry a higher worth at the end of 5 years time period.
The loss that its amount is reasonably estimable and judged to be probable should be recorded.
In accounting, the outcome of the preparation of the Income statement is to determine the profit or loss generated by the company in an accounting year.
Because an account is prepared annually, then, an loss that is more probable and can be estimated is expected to be recorded.
Therefore, the loss that its amount is reasonably estimable and judged to be probable should be recorded.
Learn more about this here
<em>brainly.com/question/24685773</em>
Answer:
1% by May 16
Explanation:
The "1/15" part of the terms means there will be a 1% discount if the invoice is paid within 15 days. 15 days from May 1 is May 16.
The discount is 1% if the invoice is paid by May 16.