<span>material wealth. Money is very important to Western cultures. Having a big home, fancy car, designer clothes, and private schools are all status quo symbols in Western culture. There is a pervasive need to impress neighbors and family members with material items. Asian cultures don't share in this need for things. They emphasize family. Family is very important to Asian cultures. They are not corrupted by materialism like Western cultures are.</span>
Answer:
C .researching technology
Answer:
Financial account transactions are those that involve capital goods or purchases.
The Current account is for goods and services.
1. Australian company buys steel from a U.S. firm. -<u> Current Account. Payment from foreigners.</u>
This is a purchase of a good being steel and the payment was made by foreigners to a U.S. firm.
2. The Federal Reserve buys $2 billion worth of euros. <u>Financial Account. Payment to foreigners.</u>
This is a capital flow involving the purchase of another currency. It was done by paying foreigners.
3. Profits are earned by a U.S. based mining company operating in Mexico. <u>Current Account. Payment from foreigners.</u>
These profits were made from business operations offering goods and services so is for the current account. The profits was made from Mexico so is a Payment from foreigners.
4. An English company purchases a U.S. confectionery manufacturer. <u>Financial Account. Payment from Foreigners. </u>
The English company invested in owing the confectionery manufacturer so this is a capital transaction. It involved a foreign company paying a U.S. company so is a payment from foreigners.
Answer:
Ending Inventory = $55,000
Explanation:
<u>Particular Cost price Retail price
</u>
Opening Inventory $30,000 $42,000
<u>Add: Additional Purchases $196,000 $368,000
</u>
<u>Cost of Goods Available for Sale $226,000 $410,000
</u>
Cost to Retail Ratio: 55 %
Less: Net Sales $310,000
Ending Inventory $55,000 $100,000
Note:
Cost to Retail Ratio = $226,000 / $410,000
Cost to Retail Ratio = 55% (Approx)
Answer:
see below
Explanation:
questions like these its better if u can break it down into buckets/themes, so the examiners like it cos its has beetter structure.
in this case, lets see what measures "success". So you can bin them.
eg paragraph 1, on "improvement in heath", this is one bin, ie one measure of success
eg paragraph 2, on "cost and time saving", this is another measurement of success
i think two measures of success are good starting point