Answer:
1. 2006 Student
2. 4400 pesos left
Explanation:
If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.
If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:
Student A - 2002
Spent 5 nights x 200 pesos = 1000 pesos
Total pesos = $500 x 9 = 4500 pesos
Pesos left = 4500 - 1000 = 3500 pesos
Student B - 2006
Spent 5 nights x 220 pesos = 1100 pesos
Total pesos = $500 x 11 = 5500 pesos
Pesos left = 5500 - 1100 = 4400 pesos
The adjusted cost of goods sold that would appear on income statement for November is $247,900.
<h3>
What is an income statement?</h3>
One of a company's financial statements, an income statement or profit and loss account (also known as a profit and loss statement (P&L), statement of profit or loss, revenue declaration, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) lists the company's income and outgoings for a given time period. It explains how the revenues, commonly referred to as the "top line," are converted into net income or net profit (the result after all revenues and expenses have accounted for). The income statement's goal is to demonstrate to managers and investors whether the business gained money (profit) or lost money during the reporting period.
To learn more about income statement, visit:
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Answer:
B
Explanation:
When we talk of a decreasing cost industry, we refer to an industry in which the expansion of the industry will lead to a decrease in the unit production cost.
So with respect to the question at hand , the correct answer is that the input prices will fall as industry expands
The case of a a technological improvement is expected to drive a decrease in the input prices for production in the expanding industry
Answer:
B. using a percentage of the price of an item
Explanation:
Answer:
The correct answer is letter "A": an economic downturn that persists for more than two consecutive quarters of the year.
Explanation:
Recessions are economic downturns in an economy characterized by the fall growth for more than two consecutive quarters. The most important indicator that determines the economic downturn is the real Gross Domestic Product (GDP). The National Bureau of Economic Research (NBER) is the entity in charge of calling the recession.
