Answer:
The East Asian Financial Crisis of the 1990s:
Was associated with moral hazard and fixed exchange rates.
Explanation:
The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand. The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries. The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997. And the consequences and lessons now remain Economics and History topics.
Answer:
True
Explanation:
At the time when the future sum of the present value reduced and it can be either the discount rate or the number of the period on a yearly basis increased being the other things would remain the same
So the given statement is true
Hence, the same should be considered and relevant too
If a company reports sales returns and allowances of $86,000 and net sales of $700,000. it also reports cost of goods sold of $370,000. The company’s sales and gross profit will be:
a) Calculation for the company sales:
Using this formula
Sales=Sales return+ Net sales
Let plug in the formula
Sales=$86,000+$700,000
Sales=$786,000
b) Calculation for the company gross profit:
Using this formula
Gross profit=Net sales-Cost of goods sold
Let plug in the formula
Gross profit=$700,000-$370,000
Gross profit=$330,000
Inconclusion if a company reports sales returns and allowances of $86,000 and net sales of $700,000. it also reports cost of goods sold of $370,000. The company’s sales and gross profit will be:
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No. Because if it does, our country will lose alot of money plus what if there are alot of goods.