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1) Carrie billed her legal clients $6,000 for legal work completed during the month

Finance

1) Carrie billed her legal clients $6,000 for legal work completed during the month. This transaction will

Question 2 options:

 

cause a $6,000 increase in revenues and liabilities.

 

cause a $6,000 increase in revenues and a decrease in liabilities.

 

cause a $6,000 increase in assets and revenues.

 

not be recorded until the cash is collected.

 

2)  Which of the following is a good source of monounsaturated fatty acids? a) Olive oil. b) Sunflower oil. c) Shrimp. d) Soybean oil. e) Sirloin steak

 

3)  Foreign exchange hedging by a multinational corporation is 
a normal responsibility of foreign exchange specialists

not ordinarily considered to be prudent business

usually described in speculative terms. 


permitted only for defensive purposes. 

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1) The correct option is 3rd "cause a $6,000 increase in assets and revenues". Carrie billed her legal clients $6,000 for legal work completed during the month. This transaction will cause a $6,000 increase in assets and revenues.

 

2) 

The correct option is A "Olive Oil". Three oils that are high in monounsaturated fatty acids are as follows:

  • Peanut
  • Canola
  • Olive oil

So, from the following options the best source of monounsaturated fatty acids is olive oil.

 

3) The correct option is 1st "a normal responsibility of foreign exchange specialists". Foreign exchange hedging by a multinational corporation is a normal responsibility of foreign exchange specialists.

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