True.
For Accounts Payable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in an exchange gain.
<h3>What is an exchange gain or loss?</h3>
- A change in the exchange rate between the time an invoice was issued and the time it was paid results in an exchange gain or loss.
- An exchange gain or loss results when an invoice is entered at one rate and paid at another.
- The exchange rate at which the consumer pays for this invoice will ineluctably differ from the rate at which you recorded the invoice in your accounting system, even though you will have appropriately converted your prices.
- The cash you receive will be considerably more than what you initially invoiced as a result.
- This difference is known as an exchange gain or loss depending on which way the exchange rate has gone, i.e. whether the currencies involved have appreciated or depreciated in value (a gain or loss).
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Answer:risk control
Explanation:Risk control is a step in the hazard management process. It involves finding a way to neutralize or reduce an identified risk.
Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.
In order of effectiveness (from most effective to least), risk control methods include:
Elimination: removing the risk entirely
Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks)
Engineering controls: modifications to the environment or equipment that poses the risk (such as installing mirrors in warehouses or machine guards on circular saws)
Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)
Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves
The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.
The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.
The revolution brought about an explosive economic growth and new personal wealth in the country.
The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.
Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.
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Is committed to maintain a product oriented philosophy
Answer: 6%
Explanation:
Based on the information given, when the flotation costs is ignored, the company's cost of preferred stock will be calculated thus:
Cost of preferred stock = Dividend on preferred stock / Price of preferred stock
Cost of preferred stock = 4.5/75 = 0.06 = 6%
Therefore, the cost of preferred stock is 6%.
