A, B, and C would best demonstrate the tasks.
Answer:
C. Are readily converted to a known cash amount.
Explanation:
Highly liquid short term assets are those which are ready available for conversion into cash. These are also called Liquid assets. Highly liquid investment are made for short term investment interest revenues.
The statement is FALSE.
Not only organic chemistry but also physical, inorganic, analytical, biochemistry and other branches of chemistry is applicable to the pharmaceutical industry.
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Answer:
Please see explanation
Explanation:
The forecast of 20% increase prepared by the state revenue commissioner is plausible because the new sales tax rate has also been increased by 20% in comparison with the old tax rate which can be calculated as follows:
Change in sales tax rate=change in tax rate/old tax rate
=6-5/5
=1/5
=20%
Answer:
The correct answer is option (d) $8,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered.
Explanation:
Solution
Given that:
Spot rate:
1 euro = $1.41
Now,
Converting 400,000 euros into dollars gives us the following
400,000*1.41 =$564,000
Thys,
Contract rate,
=1 euro = $1.36
So,
Converting 400,000 euros into dollars gives us
400,000*1.36 = $544,000.00
Hence,
The increase in net income =$564,000- $544,000
=$20,000