Answer: Increase / Gain of $36,000
Explanation:
Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.
Translation gains on the other hand, are added to the Other Comprehensive income.
The other comprehensive income will therefore increase by the translation gain of $36,000.
Answer:
The correct answer is option A.
Explanation:
A production possibility curve shows the maximum possible combination of two goods that can be produced using all the available resources and state of technology.
An increase in economic growth causes the production possibility curve to shift to the right. The faster the economic growth the more the economy will be able to produce. So the farther the production possibilities curve will shift out.
Property taxes on the factory building is an example of a committed fixed cost at Bennett, Inc.
<h3>What are committed fixed cost?</h3>
The costs necessary to maintain current production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices regarding the scope and makeup of their firm.
committed fixed costs are essential for the efficient functioning of a business, and their absence may disrupt such operations, which could have a real effect on the organization.
For businesses, property taxes are a fixed expense. The taxes normally don't vary and are only adjusted for improvements in the value of the related asset or facility. However, property taxes typically remain constant from year to year.
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Answer:
Explanation:
From the above question, three reasons for the downward slope of the demand curve and the effect with the component of aggregate demand are:
1. Net Exports : the international trade effect
2. consumption : the wealth effect
3. investment : the interest rate effect
Answer:
Famous Jazz Pianist and a Nightclub Owner
The judge is likely to grant the injunction to prevent the pianist from performing at the restaurant.
Explanation:
This opinion is based on the determination already reached by the judge that the contract restriction on the pianist is reasonable. The contract is valid with clear terms legally agreed to by the pianist and the nightclub owner. The pianist is expected to abide by the terms of the contract, which do not impose a total restriction on his trade.
