Answer:
9 years
Explanation:
Invoices and monthly statements are financial records of a company. Such records are subject to audit and tax queries. Typically, tax and audit queries arise after transactions and the financial year has been concluded. Sometimes, it may take years to conclude audit or tax queries.
Nine years is considered an ideal time to store such records. It is ample time to allow for any references to audit, tax, or any other query.
Answer:
The correct answer is option C, firms face downward-sloping demand curves, and the products competitors sell are differentiated
Explanation:
In monopolistically competitive market all companies sell distinguished products. In this market all companies face downward sloping demand curve. These are the expectations of monopolistically competitive market. Therefore, option C is correct.
Answer:
The correct answers are A, B and C.
Explanation:
The word debit refers to debt, that is, at the request of accounting, it includes that numerical entry that is made in the account, in the "must", that is, on the left side and that represent assets or rights owned by the person or the company in question. It can increase the balance of a liability, or failing that, implies a decrease in the balance of an asset.
Answer:$1,753,500
Explanation:I multiplied the amount of stacks availible and how much the stocks cost.
Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
