<span>What condition is necessary for a fiat money system to work? The government must control the money supply. Fiat money is not physical money like bills or coins, fiat money solely exists because if supply and demand of a good or service. This is a currency that the government has declared legal but it is not backed by any physical commodity. Due to that, the government has to be in control of the money supply for the fiat system to work. </span>
Answer:
The correct answer is: How this new decision would impact in the consumers?
Explanation:
To begin with, due to the fact that the company first offer a low price to its costumers and then eventually tend to charge a different price by offering something completely different then the consumers will find that situation pretty unpleasent due to the fact that first they had something better and that is the main reason why the sales for the sketchpad plummeted after making that new decision. Therefore that the company's employees may have asked themself before the question of how the new price would impact in the consumers eventually.
Answer:
The carrying value decreases from the issue price to the par value over the bond’s term.
Explanation:
The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.
Answer:
Large most likely reports net cash outflows from investing activities of $9 million.
Explanation:
Large Corporation
Statement of cash flows (extract)
$ in millions
Purchase of patent ($14)
Proceeds from sale of land and buildings 24
Cash paid to acquire office equipment (19)
Net cash flows from investing activities ($9)
Note that the purchase of treasury stock belongs to financing activities section of the cash flows, while gain from sale of land and buildings and investment revenue belong to operating activities section of the cash flows
Answer:
See Explanation Below
Explanation:
a. When should Ski West recognize revenue from the sale of its season passes?
Revenue from the sales of Ski West season should be recognised when it passes each month.
b. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31
November 6, 2021
Cash: ------------------------- $450
Unearned Revenue: --------------------------------- $450
December 31, 2021
Unearned Revenue:--------- $90
Revenue: ---------------------------------------------------$90
c. What will be included in the Ski West 2021 income statement and balance sheet related to the sale of the season pass to Jake Lawson?
2021 Income Revenue
Revenue: ------------------------ $90
Unearned Revenue: --------------------------------$360.
Unearned Revenue is calculated by $450 - $90 = $360