Answer:
The correct answer is b. their transactions with the cooperative.
Explanation:
A general cooperative society is the one that controls or acts as the "parent" of the other incorporated cooperatives, therefore the accounting management of all of them as a whole will be considered in a consolidated statement of their operations. As there are mutual operations between the incorporated and the parent, it is expected that all obligations, rights or duties will be transferred to a principal in order to recognize the accounting reality of the management of a parent company over others of lower rank considered subordinate.
Answer:
Stagflation
Explanation:
Stagflation is a period of slow economic growth, rising unemployment rate and high inflation rate.
Stagflation was first noticed in the US in the 1970s.
Stagflation is usually caused by an increase in money supply and a simultaneous decrease in money supply.
Answer:
6.30%
Explanation:
Calculation to determine what The simple rate of return on the investment is closest to
Using this formula
Simple rate of return= Annual net profit / net investment
Let plug in the formula
Simple rate of return= (138,500-89,300)/(803,700-22,300)
Simple rate of return= 49,200/781,400
Simple rate of return= 6.30%
Therefore The simple rate of return on the investment is closest to 6.30%
