The 2 statements that are true regarding the multicurrency function in QuickBooks online are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
This is further explained below.
What is multicurrency?
Generally, It's a special kind of bank account that lets you transfer, receive, and keep many different currencies at the same time.
A multi-currency account enables you to utilize a single account number for each kind of currency, which eliminates the need to create several bank accounts, each of which would have a unique account number that would need to be kept track of.
In conclusion, The statement are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
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Answer:
The correct answer is $23,663
Explanation:
Spreadsheet is attached with the calculus.
Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.
Depreciation expense=(original cost-residual cost) /useful life
In this case, conditions change at third year. First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value with this depreciation expense.
Situation 1 Depreciation expense 14375
At third year , we must recalculate the depreciation expense. The final value of second years is the new "original value".
Situation 2
Original Value 97250
Residual Value 2600
Useful life 4
Depreciation expense= (97250
- 2600
)/4
Depreciation expense= 23,663
Circular flow is a model of economy in which major exchanges are showed as flow of money, food, goods, services and etc between economic agents. In circular flow, the flows of money and goods exchanges in a closed circuit but runs oppositely. Circular flow analysis is the basis of national accounts.
If food consumption should rise by 42 units we can conclude that country X’s willingness to trade declines.
<h3>The reason why the willingness to trade would decline</h3>
The willingness to trade for this country would be on a decline given the fact that X's countyry is on a balanced growth path and the prices of their goods are unchanged in the international market.
Due to the lack of change they would not want to engage in trade again with other countries.
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Answer:
C. It can boost employee productivity.
Explanation:
Sasha's company decision to establish an employee stock ownership plan has the potential benefit of boosting employee productivity because staff members and people in general are motivated by rewards.
Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.
Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards
