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1 year ago

Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?

1 answer:

3 0

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

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Oregon Co.'s employees are eligible for retirement with benefits at the end of the year in which both age 60 is attained and the

-BARSIC- [3]

Answer:

$205,592

Explanation:

Interest cost is the Present Value of this $ 20,000 annuity streams at time zero i.e. ( Year 2022

Value of annuity stream = $ 20,000 x 11.11839

Present Value of annuity streams at 2015 =$ 222,367.80

Discount Factor for 2017 = (1.04)-2 = 0.92456

Present Value at 2022= $ 222,367.80 x 0.92456

Service Cost= $ 205,592

5 0

3 years ago

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month

julsineya [31]

Answer and Explanation:

a. The preparation of the cost of goods manufactured statement is as follows:

Opening work in process $119,760

Direct Material

Opening inventory $178,750

Add: Material Purchased $343,200

Cost of Materials Available $521,950

Less: Ending Inventory -$151,940

Cost of Direct Materials Used $370,010

Direct Labor $321,750

Factory Overhead:

Indirect Labor $34,320

Machinery Depreciation $20,740

Heat, Light and Power $7,150

Supplies $5,720

Property Taxes $5,010

Miscellaneous Costs $9,300

Total Factory Overhead $82,240

Total Manufacturing Costs Incurred $774,000

Total Manufacturing Costs $893,760

Less: Ending Work in Process $101,800

Cost of Goods Manufactured $791,960

b. Now the cost of goods sold is

Cost of Goods Sold= Cost of Goods Manufactured + Beginning Finished Goods - Ending Finished Goods

= $791,960 + $91,160 - $103,320

= $779,800

5 0

3 years ago

In economics what does the term market referred to

Taya2010 [7]

I think it is the exchange of goods or services, which can be with or without money.

4 0

3 years ago

Read 2 more answers

ang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Journalize the ent

Ksenya-84 [330]

Answer:

Raw Materials $180,000 (debit)

Accounts Payable $180,000 (credit)

Work In Process Machining : Direct Materials $73,000 (debit)

Work In Process Machining : Indirect Materials $9,000 (debit)

Work In Process Assembly : Indirect Materials $4,900 (debit)

Raw Materials $86,900 (credit)

Work In Process Machining : Direct Labor $23,000 (debit)

Work In Process Assembly : Direct Labor $47,000 (debit)

Salaries Payable $70,000 (credit)

Work In Process Machining : Depreciation $4,500 (debit)

Work In Process Assembly : Depreciation $7,800 (debit)

Accumulated Depreciation $12,300 (credit)

Work In Process Machining : Overheads $9,700 (debit)

Work In Process Assembly : Overheads $11,300 (debit)

Overheads $21,000 (credit)

Work In Process Assembly Department $14,900 (debit)

Finished Goods Inventory $83,400 (debit)

Work In Process Machining Department $98,300 (credit)

Accounts Receivables $100,000 (debit)

Cost of Goods Sold $68,000 (debit)

Sales Revenue $100,000 (credit)

Finished Goods Inventory $68,000 (credit)

Explanation:

Manufacturing Costs are accumulated in the Work In Process Account.

Finished Goods are Transferred from Work In Process Account to Finished Goods Inventory by Debiting Finished Goods Inventory Account and Crediting Work In Process Account.

4 0

3 years ago

Q 7.37: Eric Hansen is a receiving clerk who has just been denied a raise. He has approached his subordinate, who is the new sto

makkiz [27]

Answer:

Human element; collusion.

Explanation:

In this scenario, Eric Hansen is a receiving clerk who has just been denied a raise. He has approached his subordinate, who is the new storeroom clerk, about diverting inventory to sell for personal gain. This is an example of the human element, which may lead to collusion.

Human element can be defined as a strategic technique for improving and dealing with the way or manner employees work together in a business environment in order to achieve greater organizational performance and accomplishments. Human element can be used to improve openness, sincerity and honesty among the the very many people (employees) working individually or together as a team in an organization.

In this case, when the storeroom clerk agrees to Eric's suggestion, this would lead to both of them diverting inventory to sell for personal gain. This is simply an act of collusion.

Collusion is an illegal cooperation or agreement between two or more people with an ulterior motive, for personal benefits.

3 0

3 years ago