Flexible exchange rate systems are calculated according to supply and demand. Every currency decides the type of exchange rate arrangement to uphold.
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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.
Answer:
Assets = Liabilities + Equity
cash (18,000) NA Retained earnigns (18,000)
cash (88,000) NA Retained earnigns (88,000)
Retained earnings is an equity account and any cash dividends paid either to preferred or common stock will decrease cash and retained earnings, remember that both sides must balance.
Answer: A. Had major expenses in the first year.
Explanation: It just makes sense and it’s also correct
$396,200 + 61,250 + 27,600+ 9,000+ = 479,000 dollars
