The percentage change in the nominal exchange rate equals the percentage change in the real exchange rate plus the:

a. domestic inflation rate minus the foreign inflation rate.
b. foreign inflation rate minus the domestic inflation rate.
c. domestic interest rate minus the foreign interest rate.
d. foreign exchange rate minus the domestic exchange rate.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.