Answer:
A)
Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.
This means that the US dollar should depreciate against the British pound.
B)
If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.
C)
More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.
Answer:
102 million
Explanation:
Labor force is define as the sum of employed and unemployed in an economy.
Labor force = Employed+ Unemployed
Labor force = 95 million + 7 million
Labor force = 102 million
Advantages<span> of EDP. </span>Electronic<span> Data Processing (EDP) is the digital management of </span>databases<span>, typically stored on a shared server and allow simultaneous access to all parties. There are several distinct </span>advantages<span> to employing EDP: Speed</span>
Answer:
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Explanation:
Revenue is not recorded until the recognition criteria for the recognition of revenue has been met and this includes;
- the corresponding cost incurred in generating revenue can be reliably measured
- the goods or service has been delivered
Given that the service was performed in May, when half of the fee was received in April, the required entries then was
Debit Cash account
Credit Unearned revenue (with the amount received being half payment)
when the service was performed in May,revenue was earned
Debit Unearned revenue (with the amount received being half payment)
Debit Accounts receivable (with the amount yet to be received being half payment)
Credit Revenue (with the amount agreed for the service)
In June when the final payment is received,
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Answer:
Maintain confidentiality in professional relationships. ... Fulfill commitments in a reliable, responsive and efficient manner. Be fully accountable for actions, use of resources and financial dealings.
