If the Government choose not to devalue its currency, The total exports of that nation will be most likely to be decreased.
When a currency of a nation is too high, other nation wouldn't have enough purchasing power to do transactions with our nation, making us forced to close many international trade relationship that could kill several economic sectors in the country.
Answer:
Explanation:
This question was computed in an Excel SOlver and the result are shown below:
Date Particulars Debit($) Credit($)
31-Dec-19 Income tax expense 62970
Deferred tax asset 4950
Income taxes payable 60360
Deferred tax liability 7560
(To record income tax expense
for the year)
31-Dec-20 Income tax expense 102150
Deferred tax asset 3780
Income taxes payable 103455
Deferred tax asset 2475
(To record income tax expense
for the year)
31-Dec-21 Income tax expense 43380
Deferred tax liability 3780
Income taxes payable 44685
Deferred tax Asset 2475
(TO record income tax expense
for the year)
Answer:
c. $8
Explanation:
Calculation to determine the selling price
First step is to calculate the Markup percent
Markup percent= (90,000 + 150,000) / (30,000 x 15)
Markup percent = .533
Now let calculate the selling price
Selling price=533 x $15 per unit
Selling price= $8
Therefore the Selling price will be $8
Downturn and exceeds. If the economy in a market down turns more busisinesses fail and come up for sale.
