Answer:
Explanation:
The two attached pictures shows the explanation for this problem. I hope it help you. Thank you
Answer:
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Answer:
Explanation:
The journal entry is shown below:
On March 9
Cash A/c Dr $300
To Account receivable - Green A/c $300
(Being the cash received is recorded)
For recording the cash receipts we debited the cash account and credited the account receivable account so that the correct posting can be done
All other information which is given is not relevant. Hence, ignored it
Operating cash flow = ($649,000 x .072) + $102,600 = $149,328. In financial accounting, operating cash flow or as called as OCF in which cash flow provided by operations, cash flow from operating activities or as called as CFO or free cash flow from operations or as called as FCFO bring up to the sum of cash a company produces from the revenues it brings in not including costs related with long-term investment on capital items.
Answer: b. The quantity of the country's currency supplied exceeds the quantity demanded.
Explanation:
A country operating a fixed-exchange rate system would be actively trading its currency to ensure that it remains at a certain rate. If the currency is overvalued, it means that the currency is actually weak and is being propped up by the company's actions in the forex market.
A reason for the weakness would be that the supply is higher than the demand of the currency which means that, as per the rules of supply and demand, the currency is trading at a lower price, i,e., it is weak.
