In the global economy, how is the value of one currency determined when compared to another?
A) World Bank rate
B) International monetary fund
C) Inflation rate
D) Exchange rate
E) Automated Clearing House network
Answer: D
Explanation: D) The exchange rate is the value of one currency compared to the value of another, reveals how much of one currency must be exchanged for another. At any one time some currencies are strong–selling at a higher price and worth more–whereas others are weak.
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Back Company sold merchandise on credit. Its gross profit ratio is 23%. The effect of this transaction is that the
a. earnings per share decreased b. current ratio was unchanged c. debt-to-equity ratio increased d. earnings per share increased
Milton Friedman would have agreed with which of the following statements about social responsibility?
a. A company will produce higher quality products when it practices social responsibility. b. A company will increase its sales when it practices social responsibility. c. A company will be able to create better jobs when it practices social responsibility. d. A company will become distracted from its task to maximize profits when it practices social responsibility. e. A company will provide improved value when it practices social responsibility.
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event either does not affect the element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) Ping Company remitted the sales tax due (that is, paid cash to the tax authority).AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
Some projects fail due to the miscommunications between the users and the project managers in an organization
Indicate whether the statement is true or false