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klasskru [66]
3 years ago
7

Eileen, a manager at an international restaurant chain, wants to know if it will be most cost effective to buy 1,000 pounds of s

ugar in Country X or in Country Y using U.S. dollars. Which of the following isEileen most likely trying to determine?
A) purchasing power parity
B) economic growth rate
C) gross domestic income
D) gross national product
Business
1 answer:
liberstina [14]3 years ago
3 0

Answer:

The correct answer is letter "A": Purchasing Power Parity.

Explanation:

Purchasing Power Parity or PPP compares currencies of different countries through the approach of a market basket of goods. Two currencies are in PPP when, in both countries, a market basket of goods, taking into account the exchange rate, is priced the same. PPP currency rates are considered more reliable than the exchange rates on the market.

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irina [24]

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<u />

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3 years ago
Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Whi
ryzh [129]

Answer: a. Accounts Receivable

Explanation:

The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.

This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.

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3 years ago
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DaniilM [7]

Answer:

See the journal entry below

Explanation:

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NB.

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