Strong currency and weak currency are
relative. The terms are used to describe the value and the strength of a
currency against other currencies.
When in strong currency, one can purchase
more foreign currency and consumer will see lower or cheaper prices on foreign
products. It helps to keep the inflation low. However, the disadvantage is most
of the increase in spending will be in countries that are in weaker currency as
consumer will less spend on local products.
If in weak currency, country’s export
gets cheaper resulting to increase in sales that will lead to economic growth. The
disadvantage is inflation will go higher and it will become more expensive to
pay foreign investors that are priced in foreign currency.
Answer:
the subject of Federal Open Market Committee decisions is as below:
level of interest rates and growth of the money supply
Answer:
If the company used the percentage of sale method and estimates bad debts to be 2% of sales what is the amount of bad debt expense:
If the company uses the percentage of accounts receivable method and estimates 4% of accounts receivable will be uncollectible
Explanation:
- The percentage of sale method
800,000 2% 16,000
Initial Balance
Accounts Receivable $ 120,000
Allowance for Uncollectible Accounts $ 500
Allowance for Uncollectible Accounts $ 15,500
Accounts Receivable $ 15,500
- Accounts Receivable Method 4% 4,800
Bad debt expense $ 4,300
Allowance for Uncollectible Accounts $ 4,300
Answer:
14.1%
Explanation:
Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.
Cash return on assets = operating cash flow / average total assets
Given that:
operating cash flows = $240,000
Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.
Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%
It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen.
