Why is it important to calculate purchasing power parity in the global market? O It helps companies determine standards of living across the globe.
It identifies how much the nominal GDP should be adjusted.
It determines interest rates on short-term debt.
It indicates the level of disposable income in developed nations.
O It indicates how much consumers will pay for goods and services.

Need true or false 1 2 3 4 5 6 7 8

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided