I ma Gathas izgbauv ah ah shucks shvsjgwnigs she skis s if ski. I’ve so. Kiev I’ve J.B. sign snhivs jib. S
Answer:
$18,330
Explanation:
For translation of income statement items such net income, the applicable rate is the average rate.
Since the average rate being is $1.41 / Euro, we have:
Value of income in home currency = 13,000 euro * $1.41 = $18,330.
The net current asset investment (NCAI) is defined as the change in current assets minus the change in the sum of the accounts payable and accruals. - True.
Net current assets refer to the difference between the aggregate amount of all current assets and the Aggregate amount of current liabilities. It is also known as working capital or shareholder's equity. It is regarded as an important parameter for determining an organization's financial health on a balance sheet.
The net current assets are the tangible assets which encompass cash, inventory, and receivable, which denotes the money owed to a company. There is a positive working capital ratio when the net current assets are sufficient enough to pay the current liabilities. The opposite of this situation represents a negative working capital ratio.
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The country that is being described in the statement given
above is Hong Kong as they are considered as a newly industrializing country in
which they have the capabilities of competing in regards with electronics and
to specialize in the category of trade and banking.
When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.
<h3>
What is an Elastic Demand?</h3>
- Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.
- If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.
- An item has elastic demand if its demand changes more than its price changes.
- For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.
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