Answer:
A. One that decrease taxes and increase spending
Explanation:
No income and more outgoing would create the biggest deficit.
Answer: True
Explanation:
Translation exposure is also referred to as translation risk and this is when there will be a change in the value of the equities, assets, income or liabilities of a company due to the changes in the exchange rate. This typically happens when a portion of the
equities, assets, income or liabilities, of the company is denominated in foreign currency.
Since Thornton's revenues are denominated solely in U.S. dollars, therefore, Thornton Corporation does not have translation exposure.
Answer:
<u>Globalize</u>
Explanation:
Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.
The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.
As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries. Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.
Thus, this serves as one of the motives for the companies to Globalize.
Explanation:
The two journal entries to record the depreciation is shown below:
On December 31
Depreciation expense - office equipment $2,440
To Accumulated depreciation - office equipment $2,440
(Being the depreciation expense is recorded)
On December 31
Depreciation expense - production equipment $6,230
To Accumulated depreciation - production equipment $6,230
(Being the depreciation expense is recorded)
