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3 years ago

When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency?

1 answer:

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If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically

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To compete with other organizations in the industry and to boost employee morale, Mangosanta, a fashion designing company, insta

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Answer:

This scenario best illustrates organizational innovation

Explanation:

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3 years ago

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Jayson products uses a perpetual inventory system. at year-end, the inventory account had a balance of $280,000, but a complete

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<span>Jayson should : (1) Reduce the balance in its Inventory controlling account and inventory subsidiary ledger by $7,000. (2) Record a $7000 current liability. (3) Reduce the balance in its inventory controlling account and inventory subsidiary ledger by $7000 (4) Reduce the balance in the inventory controlling account and record a current liability both in the amount of $7000.</span>

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3 years ago

Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers w

lakkis [162]

Answer:

IRCA(Immigration Reform and Control Act of 1986)

FLSA(Fair Labor Standards Act)

Explanation:

The Immigration Reform and Control Act (IRCA) forbids employers from recruiting/hiring any foreign citizen that doesn't have a proper work authorization. That means that all Centinix's employees should have a green card.

The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime pay, record keeping, and child labor. This includes any full time or part time worker employed by Centinix.

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3 years ago

Financial statements should be useful. Which of the following is not one of the qualities of useful financial representation.

AlexFokin [52]

Answer:

A. Expand-ability Relevance

Explanation:

Financial statements does not need expansion, therefore expand-ability relevance is not one of the qualities of financial statements.

A. Faithful representation- financial statements must be a faithful representation of the state of the entity. it should represent the correct position of the entity.

B. Comparability - The financial statements must be prepared in accordance with acceptable standard to ensure comparison within and without the entity.

C. Consistency and Verifiability - The numbers must be verifiable and methods choosing in treating certain items must be consistent over time.

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3 years ago

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current

Dominik [7]

Complete question :

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.

Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..

Answer: 1) $16 ; $32,800,000

Explanation:

Given the following :

Cost of mineral right = $729,600,000

Estimated deposit = 45,600,000 tons

Quantity sold mined and sold during current year = 2,050,000 tons

Depletion rate :

Cost of mineral right / Estimated volume of deposit

= $729,600,000 / 45,600,000

= $16

B) depletion expense for current year:

Depletion rate × quantity sold and mined in current year

$16 × 2,050,000

= $32,800,000

C.) Depletion expense - - - 32,800,000

Accumulated depletion - - 32,800,00

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3 years ago