All categories

2 years ago

U.s. dollars deposited in a bank in switzerland are called:_________

Business

1 answer:

Vlad1618 [11]2 years ago

5 0

Deposit made in U.S dollars in Switzerland are known as foreign depository receipts.

Given that U.S. dollars are deposited in a bank in Switzerland.

We are required to fill the blank with appropriate option among the following:

a)Foreign depository receipts,

b) Eurocurrency,

c) Eurodollars.

U.S. dollars which are deposited in a bank in Switzerland are known as foreign depostory receipts.

A depositary receipt is basically a negotiable financial instrument issued by a bank to represent a foreign company's publicly traded securities.

Hence U.S. dollars deposited in a bank in Switzerland are called foreign depository receipts.

Learn more about depository receipts at brainly.com/question/13549464

#SPJ4

You might be interested in

Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th

kicyunya [14]

Answer:

current price of the bond is $1,232.15

Explanation:

given data

time N = 20 year

annual coupon bonds = 7.5%

future value = $1,000

interest rate = 5.5%

NPER = 19 year

solution

we will use here Present value formula to get current price of the bond.

so here PMT will be

PMT = future value × rate

PMT = 1000 × 7.5 %

PMT = $75

so we use here formula in excel that is

= -PV(Rate,NPER,PMT,FV,type)

put here value and we get

after solving we get current price of the bond is $1,232.15

4 0

3 years ago

It costs a firm that sells t-shirts $5 to sell a single t-shirt. This firm makes $15 in revenue from each t-shirt it sells. If t

zimovet [89]

Answer:

$200

Explanation:

total profit = total revenue - total cost

average cost = $5

average revenue = $15

total revenue = average revenue x quantity = $15 x 20 = $300

total cost = average cost x quantity = $5 x 20 = $100

total profit = $300 - $100 = $200

3 0

3 years ago

Ked what would you do if one of the customers began making off-color jokes that other customers in the bar could hear? rosario m

iVinArrow [24]

Rosario most likely attended a situational interview. Situational interview questions ask you to reply hypothetically to a circumstance that might arise at work.

In these interviews interviewer is interested in learning how you would respond to a problem at work. Then, your reply will be compared to those of the other applicants.

Situation-based interview questions frequently ask candidates to solve problems and deal with challenging situations at work.

The best responses to scenario-based interview questions give specific instances of how you handled situations comparable to the one in question. However, you can also share some details about how you expect you would react to the situation. By doing this, you'll be giving the interviewer knowledge that is based on situations you actually encountered and overcame.

Learn more about Interview here brainly.com/question/15182595

#SPJ4

8 0

2 years ago

On August 31, 2018, Brooke Tallen borrowed $ 6 comma 000 from Boulware State Bank. Tallen signed a note payable, promising to

Dimas [21]

Answer:

When Boulware State Bank lend money

Note Receivable $6,000 (debit)

Cash $6,000 (credit)

When Interest accrues on the Note Receivable on June 30, 2019.

Note Receivable $600 (debit)

Interest Income $600 (credit).

When the Interest and Principle are collected on August 31, 2019

Cash $6,720 (debit)

Note Receivable $6,720 (credit)

Explanation:

When Boulware State Bank lending money

Recognize an Asset - Note Receivable and a decrease in the assets of Cash.

Note Receivable $6,000 (debit)

Cash $6,000 (credit)

When Interest accrues on the Note Receivable on June 30, 2019.

Hint :Interest that expires is for 10 months and must be accounted as such.

Note Receivable $600 (debit)

Interest Income $600 (credit)

Interest Income = $6,000 × 12% × 10/12

= $600.

When the Interest and Principle are collected on August 31, 2019

Interest for July and August for 2020 must first be accounted.

Note Receivable $120 (debit)

Interest Income $120 (credit)

Interest Income = $6,000 × 12% × 2/12

= $120.

Thus entry to record collection of principal and interest will be :

Cash $6,720 (debit)

Note Receivable $6,720 (credit)

Note Receivable = Principle + 2019 interest + 2020 interest

= $6,000 + $600 + $120

= $6,720

4 0

3 years ago

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000;

wel

Answer:

17.30%

Explanation:

The computation of the return on investment is shown below

But before that the net income is

Sales $5,375,000

Less: COGS -$3,225,000

Less: Operating Expenses -$1,147,000

Net Income $1,003,000

Now

Return on Investment is

= Net Income × 100 ÷ Average Assets

= $1,003,000 × 100 ÷ $5,800,000

= 17.30%

6 0

3 years ago