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lord [1]
2 years ago
10

Which of the following would affect a country’s currency value?

Business
1 answer:
katen-ka-za [31]2 years ago
6 0

free-trade agrwements

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What item should you look for when adjusting your check register?
Varvara68 [4.7K]

Answer:

The payment and the Deposit

Explanation:

The check register is adjusted using the item: payment and the Deposit and from the point of view of the bank statement the item is the withdrawal and deposit.

8 0
3 years ago
Read 2 more answers
At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $862,000. Chan records it
KiRa [710]

Answer: Please see the required journals below:

December 31:

Debit Bad debt expense                                $6,034

Credit Allowance for doubtful accounts       $6,034

February 1:

Debit Allowance for doubtful accounts              $431

Credit Accounts receivables                               $431

June 5:

Debit Cash                                                            $431

Credit Bad debt recovery (income statement)   $431

Explanation: The company estimates its bad debt expense as percentage of sales. In this case 0.7% of its annual sales of $862,000 was deemed as uncollectible, that is, 0.7% x $862,000 = $6,034. The required journals to recognize this bad debt expense is provided above. However, since there was an existing provision, which resides in the allowance account, a write-off would definitely hit that account in order to extinguish the accounts receivable portion. Upon recovery of the write-off, we cannot reinstate the receivable since it was already extinguished but we need to recognize the recovery as a gain.

3 0
3 years ago
Read 2 more answers
The information content of a dividend increase generally signals that: A. the firm has a one-time surplus of cash.B. the firm ha
Dovator [93]

Answer:

E

Explanation:

Dividends thereafter will be lower

3 0
3 years ago
When your father was born 46 years ago, his grandparents deposited $450 in an account for him. Today, that account is worth $25,
Agata [3.3K]

Answer:

9.1%

Explanation:

To calculate the annual rate of return on this account you can use the following formula:

r = ( FV / PV )^1/n - 1, where

r= rate of return

FV= future value= 25,000

PV= present value= 450

n= number of periods of time= 46

r=(25,000/450)^(1/46)-1

r=55.56^0.0217-1

r=1.091-1

r=0.091 → 9.1%

According to this, the annual rate of return on this account was 9.1%.

5 0
3 years ago
You have written a call option on Walmart common stock. The option has an exercise price of $89, and Walmart’s stock currently t
Alexandra [31]

Answer:

A. Intrinsic value is 0. Time value is 1.35.

B. 1.35

C. -4.65

Explanation:

7 0
3 years ago
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