We can say the price level has risen in the economy from 2019 to 2020.
In the U.S., growth is expected to slow to 2% in 2020 from 2.3% in 2019 and fall further to 1.7% in 2021 (2020 growth compared to October WEO 0.1 percentage point decrease).
Real GDP fell by 3.5% in 2020 (from the 2019 annual level to the 2020 annual level) compared to a 2.2% increase in 2019 (Table 1).
The outbreak led to a sharp contraction in the economy in March 2020, resulting in real GDP contracting by 5.1% annualized in the first quarter and 31.2% in the second quarter.
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It's known as Outsourcing
a lot of companies in the United States outsource their jobs to the workers in outside country since they can get a same result with lower price. ( usually the companies only outsource the lower and menial jobs such as data entry or handling costumer service)
Currently The most outsourced countries in the world came from India and those in south east Asia
Answer:
Receivable turnover ratio = 8.1 times
Account receivable days = 44.9 days
Explanation:
<em>Th account receivable days is the average length of time it takes a business to collect amount due on account from customers</em>
A<em>ccount receivable ratio = Net sales /Average account receivable</em>
<em>Account receivable days = (Average receivable/Net sales) × 365 days</em>
<em>Average account receivable</em>
= (Receivable at the beginning + Receivable at the end)/2
= ( 4,830+ 5,130)/2
=4980
<em>Note that the accounts receivable balance at the end of 2015 will be the opening balance at the beginning of 2016. The closing balance of 4,830 of 2015 will be the opening balance for 2016</em>
Receivable turnover ratio
=45,500/4980
= 8.1 times
Account receivable days
= (4980/45,500)× 365 days
= 44.9 days
Answer:
a) Italian merchants
Explanation:
The double entry book keeping was firstly establihsed and implemented by the northern italy in order to record day to day business transactions and it was spread over the Europe via different routes of trading and also it forms the standardised business accounting.
Therefore as per the given statement, the first option is correct
They are. defining, quality, and easy