Answer:
A) (I) is true, (II) false.
Explanation:
Banks are financial intermediaries that accept deposits and make loans.
However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.
The most cost effective way for John to buy a house in the suburbs is:
a.Move to the suburbs and rent a house for one year before purchasing a home.
This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.
If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.
Answer: Nether Australia or Europe
Explanation:
Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.
If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.
$4.00 in Euro is: $4.00 in Australian dollars is:
= 4 * 0.8 = 4 * 1.4
= €3.20 = $5.60
Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.
<h2>Cost:</h2>
Costs are the expenses incurred by a company or an individual in<u> order to</u> produce goods and deliver services or buy products.
<h3>The computation:</h3>
× 
Therefore, the birthday party will cost $97.5 if 15 guests are<u> invited.</u>
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For more information regarding the sums, refer below:
brainly.com/question/14107176
Answer:
The Journal entries are as follows:
(1) For Opening Balance Journal entry Not Required
(2) Net sales (all on account) for the year were $101,600. Metlock does not offer cash discounts,
Accounts Receivable A/c Dr. $101,600
To Sales A/c $101,600
(To record sales on account)
(3) Collections on accounts receivable during the year were $82,300,
Cash A/c Dr. $82,300
To Accounts Receivable $82,300
(To record the receipt of accounts receivable)
