Answer: C) $1.04/C$1
Explanation:
We define the inflation rate in a certain country as
- a rate at which the value of a currency is falling
- as a result the usual level of prices for goods and services keeps rising.
1 year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1.
That time inflation rate in US was 4% greater than in Canada.
So, the current spot exchange rate of U.S. dollars for Canadian dollars :
($1 + 4% of $1)/C$1
=($1+$0.04)/ C$1
=$1.04 / C$1
Hence, the correct option is C) $1.04/C$1
Answer:
advertizing expense 387 debit
prepaid expense 387 credit
--to record expired advertizing at year-end ---
Explanation:
1,548 is the value of 36 months
from April to December 31th 9 months has expired thus:
1,548 x 9/36 = 387 expired advertizing
we will decrease our prepaid and post the advertizing expense for the expired amount
the prepaid is considered an asset as we have the right to receive advertize of our product and brand for the term of the contract thus, to decrease it we credit
the expense as decrease our equity will be debited
The answer is whatever eye color your eyes because you are driving the bus. in my case, the asnwer is brown.
how about this one: a bus driver was heading down the street. He turned left at a no-left turn sign and went the wrong way down a one-way street. even though he passed right by a police officer, the police officer didn't arrest him. Why?
A: The bus driver was walking. I never said that he was driving.
Answer:
Balance the relationship between business and society.
Explanation:
Government regulates both society and business.
The government regulates businesses to ensure that the activities of businesses are in the best interest of the society. This is why they regulate monopolies, tax companies that create negative externalities and subsidise the activities of companies that provide positive externality.
Government also has to look out for businesses by ensuring that the amenities and facilities needed for smooth running of business activities are in place. This is why a government may regulate import activities through quotas or tariffs.
I hope my answer helps you.
