Answer:
e. the 3 month projections for the peso and dong will be larger
Explanation:
this question is about a company that imports coffee from Colombia and Vietnam (along with 3 other countries). The report stated an estimation of the future value of the Colombian peso and Vietnamese dong. But that report is outdated and irrelevant now. Since the central banks of Colombia and Vietnam decide to increase their money supply, while the US money supply remains stable, that will result in a higher depreciation of the peso and dong. I.e. their currencies will be cheaper against the US dollar, so the estimations made before are incorrect now. The previous estimates were:
Vietnam
-
23,205.35 Dongs per dollar - Today
- 23,025.00 Dongs per dollar - 3 month projection
Colombia
- 3,163.75 pesos per dollar - Today
- 3,001.25 pesos per dollar - 3 month projection
Since the currencies will depreciate more against the US dollar, both estimates must increase, e.g. probably in 3 months $1 will be worth 24,000 dongs or 3,200 pesos.
Select the account that would be decreased if the owner of hillary's hair salon decides to withdraw $40 for personal use. 'cash'
therefore the correct option is Cash
Personal Use
Any usage that does not meet the requirements for Commercial Use is considered Personal Use. Use for strictly personal objectives is referred to as personal, or non-commercial, use. A use must satisfy ALL THREE of the following requirements in order to be deemed "Personal":
The use cannot entail a currency exchange.
The use can't be used to advertise a company (this includes non-profit organizations)
There must be no financial gain from the use, either directly or indirectly.
The use is classified as "Commercial" if one or more of the requirements are not satisfied.
To learn more about Personal Use
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Answer:
Explanation:
The journal entries are shown below:
a. Retained earning A/c Dr $400,000
To Dividend payable A/c $400,000
(Being cash dividend declared)
b. No journal entry is required
c. Dividend payable A/c Dr $400,000
To Cash A/c
(Being the payment is made for cash)
The computation of the dividend is shown below:
= 800,000 shares × $0.50 per share
= $400,000
Answer: (63, 50, 44)
Explanation:
Utility is the satisfaction that we derive as consumers when we consume or use a certain product.
Since Bundle A is strictly preferred to bundle B, and bundle B is strictly preferred to bundle C, it means that the value of Bundle A must be more than B and C while that of Bundle B must be more than bundle C.
Therefore, the correct option is B which is (63, 50, 44)