One year ago the spot rate of u. s. dollars for canadian dollars was $1/c$1. since that time the rate of inflation in the u. s. has been 4% greater than that in canada. based on the theory of relative ppp, the current spot exchange rate of u. s. dollars for canadian dollars should be approximately

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Explain the relationship between consumers and producers in economic growth and activity

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.