A pair of shoes, a new phone, rent, food etc
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The statement "<span>Post-secondary education and training is an inexpensive and minor investment." is true. </span>
Answer:
- <u>B. decreasing foreign expenses</u>
Explanation:
<em>Economic exposure</em> is the risk derived from the variation in the foreign revenues and expenses of the firm due to <em>exchange rate movements.</em>
If the<em> expenses are more sensitive to exchange rate movements than revenue</em>, means that a depreciation of the Mexican Peso would cause the expenses to increase more than revenue,
That means that the expenses would increase more than the revenue affecting the financial situation of the firm.
Hence, <em>to reduce the economic exposur</em>e, Old Main Co. should reduce its foreing expenses.
Answer:
b. only revenue is recorded each time a sale is made
Explanation:
Under <u>periodic inventory we adjust for COGS at the end of each month,</u>
We don't recognize Cost of Goods Sold at the moment of sale.
<u>When a sale occurs we recognize the revenue associate with the sale only.</u>
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It is under perpetual system when he adjustment on inventory and COGS are done simultaneously with the sale.
If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
<h3>
Annual living expenses</h3>
Using this formula
Amount=Amount spent× (1+ rate)^ Number of years
Let plug in the formula
Amount=$56,000× (1+0.05)^4
Amount=$56,000× (1.05)^4
Amount=$68,068.35
Therefore If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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