Chapter 2 Discussion QuestionMora Stanley is an aspiring entrepreneur and your
friend. She is having difficulty understanding the purposes of financial statements and how they fit together across time.
Required Write a one-page memorandum to Stanley explaining the purposes of the four financial statements and how they are linked across time.
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the four financial statements are: (1) balance sheets; (2)income statements (3) cash flow statements (4) statement of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. income statements show how much money a company made and spent over a period of time.
Net income links to both the balance sheet and cash flow statement. In terms of the balance sheet, net income flows into stockholder's equity via retained earnings. ... In terms of the cash flow statement, net income is the first line as it is used to calculate cash flows from operations.
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According to the information presented in the lecture, what can be said about personality?a. It is the behaviors, attitudes, beliefs, and values of a person.b. It can develop throughout a person's life.C. It affects how a person reacts and adjusts in his or her environment.d. all of the abovePlease select the best answer from the choices provided0 AOB
What is 40+5+.6+.03 in word form
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Answer:
current floating exchange rate
Explanation:
Exchange rate is the rate at which one currency will be exchanged with another. For example, 1 United States Dollar is equivalent to 4.24 Poland Zloty as of March 2020.
There are two common types of exchange rates:
1. Floating exchange rate: This is set by the FOREX market, and is based on the current supply and demand of currencies. When demand for a currency is high, its value increases and vice versa.
2. Fixed exchange rate: A fixed or pegged exchange rate is whereby a government entirely determines the rate and value of the currency.
Generally, a floating exchange rate system is used in the global market. This does not mean countries allow their currencies to fluctuate endlessly. The central bank of a country and it's government does intervene and manipulate the currency to make it favorable for them during international trade but it is done in a more indirect manner as opposed to a fixed exchange rate system.
Final answer:
The missing term in the sentence is 'exchange rate'. This rate determined the amount in Latvian currency Mariah received for her traveler's check.
Explanation:
The term currently missing in the sentence is exchange rate. The exchange rate is the value of one currency for the purpose of conversion to another. It plays a vital role in the level of trade of a country, which is critical to most free market economies in the world.
So for Mariah, the current exchange rate between the US dollar and the Latvian currency determined that her $100 should be converted to $61.82 in Latvian currency.
Learn more about exchange rate here:
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b. False
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Answer:
Explanation:
true
Please show your work
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You said that S = 2(lw + lh + wh)
Divide each side by 2 : S/2 = lw + lh + wh
Subtract 'lh' from each side: S/2 - lh = lw + wh
Factor the right side: S/2 - lh = w(l + h)
Divide each side by (l + h) : (S/2 - lh) / (l + h) = w
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Slander
Gossip
Staying connected with an old friend