Answer:
PPP (purchasing power parity)
Explanation:
Purchasing Power Parity (PPP) aims to measure relative cost of living between countries of different currencies. It is a calculation that takes into consideration the same set of products and services and the amount of currency required to purchase them in each country. According to the PPP, two currencies are in equilibrium when a set of goods and services has the same value in two countries, considering the exchange rate between them. For example, if a big mac that costs $ 2 in the US also costs the same value in another country, that means there is a balance exchange rate between the two countries' economies. However, if price distortions are found, it will be possible to identify the difference in the cost of living between two countries.Therefore, while GDP and GNP aim to measure the wealth produced by a country, PPP aims to measure the relative cost of living between countries.
Answer:
2. Cost-variable.
Explanation:
Variable costs basically depends on the customers in the shop. In this case, the more napkin a person uses, the more Java Joe has to order.
Answer:
$25,000
Explanation:
The financial reporting standards are introduced to guide the businesses to practice standard principles so that all perform same accounting practice. International Revenue code IRS has introduced various sections among which section 170 allows small businesses to deduct expense up to a certain limit. There is certain restriction for maximum expense deduction for SUV that is purchased. The maximum expense of $25,000 can be taken for a 6,500 pounds weighted SUV which costs $50,000.
Answer and Explanation:
The computation of the amount of the LIFO reserve and the LIFO effect related to 2020 is shown below:
Internal reporting inventory $2,688,300
Less: External reporting inventory $1,525,000
LIFO reserve at December 31 2020 $1,163,300
Less: Beginning LIFO credit reserve $1,067,300
LIFO effect for 2020 $96,000
Answer:
Leverage Buyout
Explanation:
A leverage buyout occurs when a company is purchased by using a large amount of debt or borrowed cash to fund the acquisition of such company.
In other words, it occurs when a company purchases another by taking out a loan and uses assets of the acquiring company as a collateral for the new loan .
Hence, Tim and Andy using the assets of Univo corp as collateral portray that they are involved in a leverage buyout.