Answer:
1. $46,000
2.$46,000
Explanation:
According to the scenario, computation of the given data are as follows,
Inventory price = 230,000 pesos
1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017
= 230,000 × $0.20
= $46,000
2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017
= 230,000 × $0.20
= $46,000
Answer:
a. the rate of inflation is high
Explanation:
When the inflation rate is high money loses its value because inflation rates decrease people's purchasing power which means that because of inflation they will be able to buy less goods and services with the same amount of money because goods and services cost more. For example if Person A has a million dollars and he can buy 5 houses from that in 2015, if Person A keeps his money in a bank as a store of value and there is 20% inflation it means that now 5 houses will cost 20% more (1.2*1 million) = 1.2 million. And Person A has now lost value as he will not be able to buy the same amount of houses with the same amount of money because of inflation.
Carpenters have more risk of injury when working with dangerous equipments and being in unsafe areas which is why there may be a bigger safety concern.
Answer:
Price
Explanation:
While there could be more than one factor that influences a customer's decision to buy a product, the underlining factor that has the most weight with regards to decision making is the price.
If a customer wants to buy a jacket that costs $4.99 and sees another store selling a jacket of the same quality or even less quality at $3.50, he is likely to buy the cheaper one in order to save some extra cash. It is linked with the purchasing power of the customer.
