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lbvjy [14]
3 years ago
8

Explain how growth in the demand for​ Australia's natural resources would affect the demand for Australian dollars in the foreig

n exchange market. Explain how the supply of Australian dollars would change.
Business
1 answer:
aleksley [76]3 years ago
6 0

Answer:

The question here is that of the balance of trade and the principles of demand and supply.  

According to the Economics principles of demand and supply, when demand is high, prices follow in the same direction and the currency appreciates in value.

So, on one hand, when the demand for Australia's natural resources increases, because the legal tender recognised within Australia's borders is its own currency, trading partners are forced to convert from their currency into the Australian dollars thus creating an increased demand for the currency.

On the other hand, if the value of a countrys imports is more than the value of its export transactions, the opposite would happen, that is, its currency depreciates or loses value.

Cheers!

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Seth is a competitive body builder. He says he has ti have his 12 oz package of protein to " feed his muscles" every day. On the
nexus9112 [7]

Answer:

1. It is perfectly inelastic

Explanation:

Elasticity of Demand is the responsiveness of demand to price change.

  • Elastic Demand > 1 ; implies demand changes proportionately more than price change
  • Inelastic Demand < 1 ; implies demand changes proportionately less than price change
  • Perfectly Elastic Demand  = ∞ ; implies demand changes infinitely to price change, so the prices are constant
  • Perfectly Inelastic Demand = 0 ; implies demand doesn't respond to price change, so quantity demanded is constant

Given : Seth body builder needs 12oz protein packet to 'feed his muscles' depicts that it is a necessity good to him. Being a necessity good, it would be demanded by Seth irrespective of price.

So, the demand is perfectly inelastic.

3 0
3 years ago
A business formation is also known as:
Iteru [2.4K]

Business formation is also known as: a business attraction

5 0
3 years ago
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A company had the following cash flows for the year:
BaLLatris [955]

Answer:

$35,000 (inflow)

Explanation:

Net investing cash flows is computed as follows;

Inflow:

Issued common stock $75,000

Sold equipment 40,000

Total $115,000

Less: outflow

Purchased land $60,000

Paid dividends 20,000

Total outflow $80,000

——————

Net investing cash flows $35,000

*positive cash flows (inflow is greater than outflow) will increase the amount cash of the company

*proceeds from the bank classified as financing activity

*paid employees and sold services to customers are fall under operating activities

3 0
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1. Visit a Web site for a company that sells products or services online. Then go to that company's corporate Web site. Compare
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https://www.goodyear.com/

https://corporate.goodyear.com/

-Corporate offers a LICENSE PRODUCTS APPLICATION page

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3 years ago
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In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
Helen [10]

Answer:

Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.

Explanation:

The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.

Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.

Income tax expense = Taxable income x Income tax rate

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The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.

Debit: Income tax expense $8,250

Credit: Income tax payable $8,250

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