Answer:
b. Purchasing power parity
Explanation:
The purchasing power parity theory is based on a world price for equivalent goods. This means that a good in the United States will cost the same as a good in Canada. Since the price of the good is $US 100 in the United States, then the same good should cost the equivalent of in Canadian dollars.
The answer is $0.00 Her taxable income last year is $0.00 since the exemption and deduction is more than the income she earned last year.
$8996.32 - $3650.00 (exemption) - $5700.00 (standers deduction) = -$353.68 the total deduction is over the income she earned last year,
Answer:
Assets will be overstated and Net Income understated
Explanation:
The effect on the balance sheet and income statement
<u>Balance Sheet :</u>
Inventory will be overstated
Inventory belongs to the Current Asset group
Meaning Assets will be overstated
<u>Income Statement :</u>
Inventory will be overstated
This reduces cost of sales with an amount greater
Meaning Profits will be overstated
Conclusion
The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.
Answer:
$6.43
Explanation:
The computation of the average total cost is shown below:
= Total cost ÷ Quantity produced
= $45,0000 ÷ 7,000 staplers
= $6.43
By dividing the total cost i.e $45,000 from the quantity produced i.e 7,000 staplers we can get the average total cost and the same is to be shown above.
And, the rest of the items should be ignored as it is not relevant to the current given situation
