Answer:
The two methods of translating financial statements are the current rate method/closing rate method and the temporal method
Explanation:
Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it
Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method
please find attached from Advanced Accounting
Hoyle, J., Schaefer, T., & Doupnik, T. (2015)
Answer:
The correct answer is letter "B": acquire newly emerging companies that are pioneering potentially disruptive technologies.
Explanation:
Disruption is the process whereby new technology or new product types invalidate their predecessors thus creating new businesses. The idea of disruption comes from the term creative destruction. Examples of disruptive technologies <em>are the television, the development of computers and the turn of cell phones into smartphones.
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<em>In front of the rise of disruptive technology, it is convenient for large entities affected by the technology to acquire the newly emerging, disruptive companies in an attempt to keep their businesses up and running otherwise they are at risk of being replaced.</em>
Answer:
Short-run economics primarily affect price.
Explanation:
When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.
Answer:
I had once visited a client and he, unusually, offered me a complimentary tip. Somewhere at the back of my mind, it felt off. So I declined. He on the other hand persisted.
Because I wanted to round up the meeting, I eventually accepted and left.
The next day was our weekly in-house academy - a day of the week when we set aside about 2 hours for learning and re-learning.
At that meeting, the HR Executive did a reminder on the value of the organisation, as well as the ethics which guide our operations. There she mentioned categorically that it was prohibited by the company to accept any type of cash gifts from the client or from the insurance companies.
As, soon as the meeting was done, I reported myself to the HR Executive and she advised that I return it and I did immediately, thankfully, the exact note was still in my possession.
I wrote a letter to the client respectfully returning the gift on the grounds that company policy forbade it and that marked the end of that episode.
If I had the company blueprint on ethics at my fingertips, I would have insisted on my initial position not to take the gift.
Cheers