If China were to move to a fully convertible currency, ending currency sterilization, and assuming no change in the current account or capital/Finance Accounts of the Balance of Payments, which of the following would be likely to happen? a. The Chinese yuan would weaken
b. Their foreign exchange reserves would grow significantly
c. Their foreign exchange reserves would contract significantly
d. The Chinese yuan would strengthen

Last week, linda's commission check was $84. if she earns a 12.5% commission on sales, what were her total sales?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

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