<span>During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for the downsizing of employees from these firms in 2001 was the incompetency and poor performance of the employees. It may sound mean but to the company, this is advantageous since they can reduce the costing while at the same time maintain or increase the final goods.</span>
Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.
Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.
Answer: After closing the balance in the retained earnings account will be $20,000.
We arrive at Retained earnings for a given year as follows:
We then find the closing balance in the Retained Earnings account as follows:
Answer:
productivity
Explanation:
because the more u produce you will not have scarcity of good or services
Answer:
Invest $990,099 U.S
Explanation:
The interest rate is 2% for US dollars and 1% for euro
The exchange rate is 1.25 dollars to a euro.
To calculate future exchange rate:
1.25dollars (1+exchange rate of us/1+ exchange rate of euro)
= 1.25(1.02/1.01)
= 1.2625
Approximately 1.26
After a year they will be getting .26 million dollars.
They need to invest something close to this amount 1.2/1.02
Therefore option b is the best answer
