Answer:
is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Answer:
$25,650
Journal entries
Explanation:
The computation and the journal entries are as follows
The estimated balance of the allowance for Doubtful Accounts is shown below:
= Total account receivable × estimated percentage
= $570,000 × 4.5%
= $25,650
The journal entry is shown below:
a. Bad debt expense A/c Dr $13,650 ($25,650 - $12,000)
To Allowance for doubtful debts $13,650
(Being bad debt expense is recorded)
b. Bad debt expense A/c Dr $24,650 ($25,650 + $1,000)
To Allowance for doubtful debts $24,650
(Being bad debt expense is recorded)
Please find full question attached
Answer and Explanation:
I will use Apple and HP in this comparison.Here I would compare Apple's laptop to that of Hewlet Packard as this is where they meet in the industry. Apple employs a strategy of differentiation and standing out in competition through their products. They aim to create products that are quite different and unique/innovative from other products in the market, and yet what the customer wants. In doing this, Apple has a trade-off for cost as they charge alot higher for their products than their competitors. HP on the other hand focus on making the best possible products that get the job done/meet the needs of customers while also being affordable. HP is more focused on affordable devices for their market and therefore have a different market segment for laptops from that of Apple. There is a trade-off for cost and market segment in this comparison
Where its triangle which takes into account a basic design like economic structure etc....
Answer:
$9.15
Explanation:
Contribution margin is the net value of sales and variable cost of a product. We need to deduct variable cost from selling price of a product to calculate the contribution margin .
First we need to determine the total variable cost.
Labor Cost ( $9 x ( 1 - 0.1 ) ) $8.1
Material cost $12.75
Shipping cost <u>$2.50</u>
Total Variable cost <u>$23.35</u>
Price = $32.50
Contribution Margin = Selling price - Variable cost
Contribution Margin = $32.50 - $23.35 = $9.15
