A depreciation of a nation's currency will cause imports to decrease and exports to increase all other things held constant.
<h3>What is depreciation?</h3>
This is a term that is used to refer to the fall in the fall of a nations currency. When it depreciates, the value of the currency to other currencies would fall.
This would cause imports from other countries to become too expensive for the country that is buying.
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Answer:
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Explanation:
The correct choice is not available : Net Income is $511,000
We determined this as follows :
<u>Income Statement for the ended December 31</u><u> </u>
Sales $1,323,000
Less Cost of Sales
Opening Finished Goods Inventory $55,000
Add Cost of goods manufactured $559,000
Less Ending Finished Goods Inventory ($60,000) ($554,000)
Gross Profit $769,000
Less Expenses
Operating expenses ($258,000)
Net Income $511,000
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Certificate to work at his new job