How does a country's business cycle generally affect the international trade balance? Depending on the growth an sales of businesses affecting the economy, imports may drop and as they start to boom, imports begin to rise. Exports may also drop, but trade deficit normally does not happen during these times. A recession or recessionary period can contribute to the import and export sizes within different countries.
Answer:
The correct answer is (d) recognition, measurement, and disclosure concepts.
Explanation:
The recognition principles represent the process of incorporation of economic events made in accounting, that is, changes in resources that come from transactions or other events that increase or decrease the entity's assets. This process is based on the recognition principles for assets, liabilities, income and expenses.
The principles of measurement can be summed up in two concepts: the principle of historical cost and that of fair value - market exit price. International standards for the presentation of IFRS-IFRS financial reports require that accounting be prepared on the basis of the historical cost principle and that some items be adjusted at fair value, provided that it can be demonstrated that a market measure is more useful for Users of financial statements. Thus, each standard contains the initial and subsequent measurement criteria that is most useful for users, requiring, in many cases, that the cost, as an expression of the market price or value on the date of acquisition, be adjusted in periods after the fair value.
The principles of disclosure are complied with through the financial statements, the notes and other complementary information provided by the entity. If better disclosures are made, the users of the financial statements will be able to make more accurate decisions when allocating resources to the entity and when evaluating their performance.
Answer: True
Explanation: Ivy lee is the father of public relations theory and suggested that for having healthy relation with clients in any business, the management in business should be honest and direct towards the client as this will help to win their confidence .
As per his understandings, deception with the client will not last long in the market leading to poor image.
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.
In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000 = $15,000
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided.
Answer:
Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.