Answer:
By retrospective application to the financial statements of all prior periods presented.
Explanation:
From the question we are informed about Volga Co. who included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported By retrospective application to the financial statements of all prior periods presented.
Consolidated financial statements can be regarded as financial statements of a particular group whereby equity, assets as well as liabilities and cash flows and expenses of the parent company as well as its subsidiaries are been presented in a way of single economic entity. In others words Consolidated financial statements can as well be regarded as financial statements of an organization having multiple divisions or multiple subsidiaries. Some firms often use the consolidated as regards financial statement reporting to describe aggregated reporting of business collectively.
Answer:
When the markup increases, real wage decreases and because of the decrease or the now low real wage the demand for labor at a low cost decreases which leads to a increase in the natural rate of unemployment. In addition the natural rate of unemployment has an inverse relationship with the natural level of employment, therefore, the natural rate of employment will decrease. And the output level will decrease.
Explanation:
See attached picture:
The decrease in real wage is shown by the movement from W/P to W/P'.
The increase in the natural rate of unemployment is shown by the movement from Un to Un' and the new equilibrium is at B.
Answer:
$880
Explanation:
Sales excluding sales tax
11880/(1+0.08)
11880/1.08
= $11,000
Sales tax payable =
Total sales including sales tax - Sales excluding sales tax
= $11,880 - $11,000
= $880
Therefore, sales tax payable is $880
When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
Answer:
To no the prices of goods and service and to buy stuff at low prices.
Explanation:
A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.
