Answer:
A.China Inn will record delivery truck at $25,600
B.$ 10,800 loss is recognised
Explanation:
a.
China Inn
Delivery truck (new) $25,600
Accumulated depreciation $5,100
Loss on exchange $10,800 (Balancing figure )
Equipment (old) $33,400
Cash $8,100
China Inn will record delivery truck at $25,600
b.
$ 10,800 loss is recognised
Answer:
C. A federal system makes the government serve its citizens better because it allows for the existence of sub-units that have significant power.
Explanation:
A normative statement is a kind of statement which offers, the betterment, as includes a suggestion in the statement.
It is not descriptive statement, as it does not include any facts.
A descriptive statement states the facts and analyses the situations accordingly.
This statement is descriptive as rest above statements a and b includes facts.
And the statement d does not provide any suggestion, whereas only statement c provides a suggestion for the system.
Thus, correct option is
Statement c
The mentioned equation is applied to determine the inflation rate by dividing the difference between the final value and the initial value by the initial value and multiplying the resultant by 100.
<h3>
What is inflation?</h3>
Inflation is the scenario where the prices of merchandise and services are rising at a very fast rate by reducing the purchasing power of people in an economy.
the rate of inflation can be determined by the following formula:
Given values:
Final value = F
Initial value = I
Now,
Learn more about the inflation rate in the mentioned link:
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Answer:
A. pricing
Explanation:
Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.
Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.
This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.
The cooperative effort between the public and personal sectors has given the United States the first-rate economic reporting gadget in the world, and the Commission is intent on making it even better.
<h3 /><h3>Who does the SEC document to?</h3>
19 The SEC is guilty to Congress as it operates beneath the authority of federal legal guidelines inclusive of the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), amongst others.
Learn more about SEC here:
<h3>
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