Answer:
Explanation:
The journal entry is shown below:
Not realized gain or loan A/c Dr $300,000
To Estimated liability on purchase of raw material $300,000
(Being the difference is recorded)
The difference is computed by
= Purchase value of raw material - market value of raw material
= $1,500,000 - $1,200,000
= $300,000
The correct answer is A) has advantages over commodity-backed money.
Fiat money has advantages over commodity-backed money.
There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.
Answer: The parliament is likely to allocate £ 1,23,93,800.62
We arrive at the answer as follows:
Amount allocated by President Obama $100,000,000
Amount England wants to contribute 20% of President Obama's allocation
Amount England wants to contribute in USD =
Exchange Rate $1. 61371/1 pound sterling
We can read the problem as if $1.61371 is equal to 1 pound sterling, how many pound sterlings are equal to $2,00,00,000?
Let number of pound sterlings be x
So, 
Homeless:
10 – t^2
/320 > 0
10 > t^2
/320
3200 > t^2
t < 40√2 = 56.6
College students:
10 – t^2
/160 > 0
10 > t^2
/160
1600 > t^2
t < 40
Wait time would have to be at least 40 minutes to prevent college students from waiting.
Answer:
Effect of Transaction on Cash Flows
Effects Amount
1. Cash Payment $239,000
2. Cash Receipt $252,000 (12000*$21)
3. Cash Receipt $91,400
4. Cash Payment $491,000
5. Cash Payment $86,000
6. Cash Receipt $188,100 (190,000*0.99)
7. Cash Payment $353,400 (6,200*$57)
8. Cash Payment $36,100 [1.90*(23,000-4,000)]
