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3 years ago

When closing entries are made:

Business

1 answer:

Anastaziya [24]3 years ago

4 0

Answer:

e) All temporary accounts are closed but permanent accounts are not closed.

Explanation:

At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account

These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.

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The U.S. dollar exchange rate increased from $0.89 Canadian in June 2009 to $0.96 Canadian in June 2010, and it decreased fro

fenix001 [56]

Answer:

appreciated; depreciated

Explanation:

The dollar appreciates when there is an increase in the value of the dollar compared to others. In 2009 $1 U.S dollar could buy $0.89 Canadian dollars. Then, in 2010 $1 U.S dollar could buy $0.96 Canadian dollars. Therefore, the U.S dollar appreciated because $1 U.S dollar can buy more Canadian dollars.

The opposite happened with the exchange rate between the U.S dollar and the euro. From 2009 to 2010 the exchange rate decreased from 83.8 to 76.9. Then the U.S dollar depreciated: $1 U.S dollar can buy less euros.

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3 years ago

A(n) _____ gets learners into the appropriate mental state for learning and allows them to understand the personal and work-rela

8_murik_8 [283]

Answer:

concept map

Explanation:

Concept map -

It refers to the method of mapping , which enables to deal with the various people , languages etc . , is referred to as concept map .

It is one of the method to adapt in the business in order to plan and plot for the upcoming projects or assignments .

The method makes all the task very easy and precise .

Hence , from the given information of the question ,

The correct answer is concept map .

8 0

3 years ago

If there is a high demand for a product, then production will be__.

Cloud [144]

Answer:

the answer is b. increased

6 0

2 years ago

Read 2 more answers

Because farm products have a low elasticity of demand a small change in output will have

GaryK [48]

<span>Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to </span>pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling.

7 0

3 years ago

If labor productivities were exactly proportional to wage levels internationally, this would A) not negate the logical basis for

Irina18 [472]

Answer:

A)not negate the logical basis for trade in the Ricardian model.

Explanation:

Trade can be regarded as basic economic concept which involves the buying as well as selling of goods and services, having a compensation that is been paid by a buyer to a seller.

The Ricardian model can be regarded as model that incorporates the standard assumptions of a perfect competition. This model in it's simplest form give assumption of two countries that are producing two goods, but uses one factor of production, the goods here are usually assumed to be identical, or to be homogeneous, within as well as across countries. It should be noted that when there is higher wage, there will be greater number of workers that are willing to work and vice versa, which defined the relationship between wages and productivity. productivity gives the

measurement of how efficiently labor

is been utilized when producing goods and services.

It should be noted that If labor productivities were exactly proportional to wage levels internationally, this would not negate the logical basis for trade in the Ricardian model.

3 0

2 years ago