Answer:
Consider the global environment where your business will operate, and identify the business drivers for your firm and industry
Explanation:
International information system refers to basic set of information system that an organization need, in order to leverage on global trade and other businesses. The firm must also take note of the cultural factor like social norms, affecting the system.
When a company is building an international information system, it must consider the global environment, business management and processes, the platform on which the business would base its technology and its corporate global plan. All these are necessary to enhance effective international information system.
Answer:
The entries to record the transactions are given below.
a. Provide music lessons to students for $7,000 cash.
Debit Cash Asset $ 7000
CreditService Revenue income $ 7000
b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash.
Debit Prepaid Insurance equipment Asset $ 3000
Credit Cash Asset $ 3000
c. Purchase musical equipment for $10,000 cash.
Debit Equipment Asset $ 10,000
Credit Cash Asset $ 10,000
d. Obtain a loan from a bank by signing a note for $10,000
Debit Cash Asset $ 10,000
Credit Notes payable $ 10,000
Explanation:
The CPI stands for Consumer Price index
. It refers to the change in the price level with respect to the goods and services available in the market.
The CPI is calculated below
= Given the cost of market goods and services using the price of given year by the Given cost of market goods and services using the price of a base year and then it would be multiplied by 100
While the GDP Deflator deals with the price of all goods and services that are produced in domestic.
