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larisa [96]
3 years ago
11

Choose the statement that is incorrect.

Business
1 answer:
MAVERICK [17]3 years ago
5 0

Answer:

B. In the long​ run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.

Explanation:

As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.

But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same

This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate

Hence, option B is incorrect

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Companies and their auditors have adopted a general rule of thumb that anything under 5% of _______ is considered not material.
nata0808 [166]

Answer:

The answer is net income

Explanation:

Net income is the difference the total revenue generated and the total cost(cost of sales, salaries, electricity etc.)

Materiality: A financial statement is said to material is when its misstatement or omission affects the opinion of its intended users.

Companies and auditors have agreed that anything under 5% of net income is considered not material, meaning any misstatement less than 5% of the net income is not considered to be important to alter the view of the users. In this kind of situation, auditors' opinion on the financial statement will be true and fair.

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______ facilitate the transfer of financial assets among individuals, institutions, business, and governments
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Answer:

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5 0
3 years ago
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3 years ago
Secret Prizes Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plast
aivan3 [116]

Answer:

Budgeted direct labour hours

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= 100 hours

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7 0
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A feeling of team spirit is sometimes experienced during the _______ stage because members believe they have found their proper
Pepsi [2]

Answer: Norming stage

 

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