Answer:
demand for pesos would fall and supply would rise. their value would decrease as a result
Explanation:
Inflation is a persistent rise in general price level.
When there is high inflation in a country, the demand for the currency would fall because the value of the currency is low. this fall in demand coupled with the excess supply of the currency would lead to a fall in the value of the currency.
<span>In order to determine the amount of the deposits, you must divide the overall amount needed by the future value of annuity due of 1 at 10% for 4 periods. $6,000,000 / 5.11 = $1,174,168.</span>
Answer:
There are no options listed, but what I can tell you for sure is that John's actions were both unethical and illegal.
What John did is unethical because it is not moral and it goes against all the principles that guide professional conduct. John also did something illegal because he was an accomplice in committing fraud against the company. He knowingly benefited from the accountant's illegal actions, and that is basically the legal definition of an accomplice to a crime.
Answer:
a. Events that will affect the income statement are :
- Part c
- Part d
b. Income statement that shows the results of Year 1 operations.
Revenue Earned $59,000
Less Expenses :
Expenses ($43,000)
Net Income / (Loss) $16,000
Explanation:
The Income Statement shows the Profit or Loss that resulted during the reporting period.
Only items of Revenue/Income and Revenue Expenditures (Expenses) are accounted for in Income Statement.
Profit or Loss = Sales <em>less</em> Expenses
The reason why commodity futures contracts are transferable is: <span>They can be bought and sold but the obligation in the contract remains valid.
Commodity futures contract is an agreement to buy or sell a specific asset at a specific price somewhere in the future.
This contract does not specify the name of the person who should buys the asset, so it could be transferable as long as the exchange is still fuiflled.
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