Answer:
False
Explanation:
False because the income, expenses accounts are closed to profit and loss account or income summary.
they are closed by transferring the credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.
The assets and liabilities , common stock, equity account are not closed.
Other things being equal,foreign governments and corporations would demand <u>More</u> U.S.funds if their local interest rates were suddenly higher than U.S. rates.For a given foreign interest rate level,foreign demand for U.S. funds is <u>inversely </u>related to U.S.interest rates.
Answer: More;inversely
<u>Explanation:</u>
U.S. funds represent the funds that are available for borrowing and interest rates means cost of those borrowings.Other countries can buy U.S funds.There is inverse relationship between U.S. interest rates and foreign demand for U.S. funds.If U.S. interest rates are higher than a given foreign interest rate, than foreign governments will demand less of U.S funds because it will be costlier.But on the other hand if U.S.interest rates are less than a given foreign interest rate,than other countries will demand more of U.S. funds because it will be cheaper for them.
So demand curve for U.S funds and U.S interest rates is downward sloping.It has negative slope.
Answer: It will reduce in demand
Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price
Answer:
Employers will look to see which workers are applying themselves. They want workers who are flexible, have good attitudes, are loyal to their company, practice good judgement, and are unselfish. Workers who go out and do work that is not formally assigned to them and expand the scope of their responsibilities are rewarded with promotions. Workers who maintain extensive professional networks and learn new skills are also prime candidates for promotion.
Answer from the person who asked the question.
Answer:
No
Explanation: The key word is it was earned as result of the connection to the firm so it is split between the partners
