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3 years ago

A crawling peg is a system where the exchange rate is constantly devalued true or false

Business

1 answer:

Olenka [21]3 years ago

7 0

Answer:

False

Explanation:

A crawling peg is a system of exchange rate adjustments in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates.

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Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was purchased on July 1, 2017, at a

Schach [20]

Answer:

A gain of $16,100

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.

Carrying amount

= $22,000 - $6,600

= $15,400

Gain/(loss) on sale of asset

= $31,500 - $15,400

= $16,100

6 0

4 years ago

Match each of the numbered descriptions with the principle or assumption it best reflects. Enter the letter for the appropriate

KatRina [158]

Answer:

1 with G = Revenue Recognition Principle

2 with A = Cost principle

3 with C = Specific Accounting Principle

4 with H = Going concern assumption

5 with D = Full Disclosure Principle

6 with B = Matching Principle

7 with E = General Accounting Principle

8 with F = Business Entity Assumption

Explanation:

Revenue shall be recognised as at the time that their is 100% certain that the risk and reward associated is transferred to the customer. = Revenue Recognition Principle.

Cost Principle assumes to record transactions at its cost and not the market value.

Specific Accounting Principle is made with specific orders for specific industry.

Going concern assumption assumes that the business with continue to an infinite period of time and it will not end.

Full Disclosure principle requires to disclose all the material facts about business whether the effect is currently disclosed in financial statements or not.

Matching principle requires to record expense for each revenue earned.

General Accounting Assumption is old and applicable on all the businesses and industry.

Business Entity Assumptions assumes for business calculations that the owners are different from their business, and both are two separate identities.

3 0

3 years ago

To reduce waste of raw materials, the government of Sperland is considering requiring household appliances to be broken down for

Alekssandra [29.7K]

Answer:

The correct answer is A.

Explanation:

According to the previous argument, imposing the rate at the time of recovery would reduce waste more effectively, as consumers tend to keep old appliances for longer if they face a fee for disposal. So, what Sperland would be causing is for consumers to look for different alternatives to avoid incurring such expenses.

7 0

3 years ago

Do you agree with Unilever’s decision to link its brands with efforts to encourage healthy and environmentally sustainable behav

o-na [289]

Answer:

Yes.

Explanation:

I agree with Unilever’s decision to link its brands with efforts to encourage healthy and environmentally sustainable behaviors because it is an innovative way to catch more customers who might have been in doubt of their products due to health and other related issues. It also presents a good image of the company and shows that Unilever is not only out there to sell their products and maximize profits but also to make sure that the consumers of their products are healthy and satisfied. This will help them retain their customers as well as to build unflinching loyalty.

3 0

4 years ago

"why are dividends from a mutual insurer not subject to taxation"

bekas [8.4K]

Dividends from a mutual insurer fall under the categories of non-taxable dividend. The dividends are not subjected to tax because they are considered to be a return of premium. It required under the law that the mutual fund insurers must invest over 50% of their capital in tax exempt investments. Due to this fact, mutual insurer dividends are not subjected to tax.

8 0

4 years ago