<span>Debit accounts payable and credit cash</span>
Answer:
This is an example of shoe-leather costs of inflation.
Explanation:
In this case, local currency looses its value so quickly that <u>Lorenzo is doing a great efford to mantain the value of his work.</u> Then we can refer to shoe-leather cost of inflation, which is related to cost of time and effort that Lorenzo spend trying to avoid the lost of purchaising power.
Youngstown Corporation is considering changing its inventory method from FIFO to LIFO. Assume that inventory prices have been increasing. All else equal, it impact would we expect the change to have on the following ratios net profit margin fixed asset turnover ratio, current ratio, and quick ratio is net profit margin.
The net profit margin or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.
Traditionally known as a center of steel production, Youngstown has been forced to adapt after the steel industry in the United States fell into decline in the 1970s, leaving communities throughout the region without any major industry. There has been a decline in population of more than 60% since 1959.
Learn more about net profit margin here
brainly.com/question/22024991
#SPJ4
Answer:
The answer is A
Explanation:
Competitive environment is an environment where competitors compete with one another for customers.
For example, Westpac, NAB, Commonwealth Bank and ANZ are in the same competitive environment. These are banks in Australia.
Types of competition are perfect competition, monopoly, monopolistic competition, oligopoly etc.
