The answer is: C.accrual basis of accounting
Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.
This scenario is an example of attempted "phishing"
Your answer is phishing
The return on investment is 0.2%.
<h3>
What is the return on investment?</h3>
- Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
- A high ROI indicates that the benefits of the investment outweigh the costs.
- ROI is used as a performance measure to evaluate the efficiency of an investment or to compare the efficiencies of various investments.
- It is one method of relating profits to capital invested in economic terms.
To find the return on investment:
- Return on investment:
- (6 - 4)/10 = 0.2%
Therefore, the return on investment is 0.2%.
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The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08
The value of the holdings if the real went up against the dollar is $266, 667. 67.
<h3>How to find the value of the holdings?</h3>
The exchange rate before the real declined was:
= 270,000 / 200, 000
= 1.35 real per dollar
The new exchange rate after the Real declined was:
= 1.35 x 1.3
= 1.755 Real per dollar
The value of the holdings at year end in Real will therefore be:
= 270, 000 x 1.15
= 310, 500 Real
In Canadian dollar this is:
= 310, 500 / 1.755
= CA$176,923.08
The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)
= 1.134 Real per dollar
The value of the holdings at year end would therefore be:
= 270,000 x (1 + 12% earning)
= 302, 400 Reals
In Canadian Dollar this is:
= 302, 400 / 1.134
= CA$266, 666. 67
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