sole proprietor’s business transactions separate from the owner’s personal transactions even though a sole proprietorship is not legally separate from the owner. monetary unit assumption The monetary unit assumption is that in the long run‚ the dollar is stable—it does not lose its purchasing power. This assumption allows the accountant to add the cost of a parcel of land purchased in 2006 to the cost of land purchased in 1956. For example‚ if a two-acre parcel cost the company $20‚000 in 1956
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professional athlete can make yearly can be around forty million dollars while a nurse or a teacher can only make one-hundred thousand dollars yearly. Many people don’t realise what the problem is. The problem is that athletes can cover millions of dollars or even billions of dollars. The fact that remains is that athletes are getting overpaid yearly‚ and we should not let athletes get overpaid. Athletes still make millions or billions of dollars yearly but‚ there are many people who have dangerous and
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Rates EASY (definitional) 2.1 The most likely explanation for the rise of the U.S. dollar during the early 1980s is that the U.S. a) budget deficit lowered U.S. interest rates b) trade deficit accelerated U.S. inflation c) economy slowed dramatically d) budget deficit raised U.S. interest rates Ans: c Section: Expectations and the asset market model of exchange rates Level: Easy 2.2 The U.S. dollar weakened during the 1970s for the following reasons EXCEPT a) U.S. inflation accelerated
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will be the dollar cost of the CHF1‚000‚000? Answer: The bank’s bid rate is CHF1.3990/$. That is the price at which the bank is willing to buy $1 in return for CHF1.3990. The bank sells dollars at its ask price CHF1.4000/$. Mississippi Mud Pies must sell dollars to the bank to buy CHF. Therefore Mississippi Mud Pies will receive the bank’s bid rate of CHF1.3990/$. The dollar cost of CHF1 million is consequently CHF 1 million / CHF1.399/$ = $714‚796 2. If the Japanese yen–U.S. dollar exchange
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results is the Dollar Tree‚ Inc. The Dollar Tree operates 4‚351 stores in approximately 48 states. The company offers a wide variety of products‚ including food‚ house ware products‚ health and beauty care products‚ toys‚ household and vehicle tools‚ and seasonal goods‚ such as Christmas and Halloween. The following strengths‚ weaknesses‚ opportunities‚ and threats analysis (SWOT) will discuss the Dollar Tree in-depth and give the reader some insight and background on the company. Dollar Tree recorded
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change of 7.15 percent of the total asset which equaled $39‚232 dollars. The largest change came from a 56.10 percent increase in the patient’s accounts receivables‚ a change of $21‚121 dollars. Cash and cash flow equivalents equaled a 45.10 percent decrease‚ a change of $18‚856 dollars. The inventories offered a 19 percent increase‚ a change of $10‚026 dollars (Apollo Group‚ 2013). According to the annual report‚ there was a 1 million dollar donation that provided the hospital with an opportunity to
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appreciate relative to the dollar since demand for euros is rising. b. MCI sells a new stock issue to Alcatel‚ the French telecommunications company. Payment in dollars is due immediately. ANSWER. The spot value of the dollar should increase as Alcatel demands dollars to pay for the new stock issue. The future value of the dollar should decline as dividend payments are sent to Alcatel and other Alcatel equipment and parts are imported. However‚ the value of the dollar in the future could increase
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consequence of twelve dollars per month because the plans were too much for me. I got an apartment far from work for eight hundred and eight dollars. Since the apartment was too small for me‚ I decided to have a garage sale and earn one hundred and fifty dollars. When the gas was siphoned from my car‚ I asked my friend for a ride. Then‚ a kid in the neighborhood decided to shatter my window. I was forced to pay one hundred dollars to my landlord‚ but instead‚ I decided to waste five dollars to cover the window
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Debt and the Dollar with a story about Alan Greenspan joking with at a dinner party. When asked what the U.S. dollar will remain the dominant currency‚ he resorted‚ “We don’t [worry.] But that is like the British people in the nineteenth century worrying about the pound.” Gradually‚ Fineman meanders into the Big Topics of monetary policy. Critiquing both Keynesians and monetarists‚ he presents the clear and eminent danger of excessive deficit spending. His words of caution never ringed so clear as
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Management Due to significant appreciation of the U.S dollar against the Irish punt in recent years‚ it has come to our attention that the profit margins of our Irish operation are extremely sensitive to fluctuations in the value of the U.S dollar. With already high interest rates‚ steadying rates of inflation‚ and flat economic growth in the United States‚ it appears that the time has come to worry about the possibility of a large devaluation of the dollar. Such depreciation could have the effect of wiping
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