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Leokris [45]
1 year ago
10

What does it mean to say that a currency appreciates? depreciates? becomes stronger? becomes weaker?

Business
1 answer:
erik [133]1 year ago
6 0

When a currency appreciates, it means it increased in value relative to another currency; Depreciates means depreciation or depreciation relative to other currencies. It is often said that the dollar is strong when it is bought by equal or greater value in another currency. If the purchase amount is less than the equivalent, it is weak.

An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.

Currency is anything of general value as a medium of exchange that can be exchanged for goods and services. The trading system within an economy is based on a currency, usually country-specific and issued by that country's government.

Learn more about currency here:brainly.com/question/24373500

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*E21.23 (LO 5) (Sale-Leaseback) Assume that on January 1, 2020, Elmer's Restaurants sells a computer system to Liquidity Finance
Dennis_Churaev [7]

<u>Solution and Explanation:</u>

Date  General Journal                                 Debit  Credit  

January 1, 2017  Cash/Liquidity Finance Co.  680000    

 Computer system                                             600000  

 Profit on sale of computer system              80000  

To record the sale of computer systems          

January 1, 2017  Lease Rental                       115970    

 Cash                                                              115970  

To record the first lease rental of the lease                  Journal entries in the books of lesser(Liquidity Finance Co.)    

                                                               Amount in $  

Date  General Journal                                          Debit  Credit  

January 1, 2017  Computer system           680000    

 Cash/Elmer's Restaurants                            680000  

To record the purchase of computer systems        

January 1, 2017  Cash                               115970    

 Lease Rental Income                                             115970  

To record the first receipt towards lease rental of the lease      

December 31, 2017  Depreication on computer system 68000    

 Accumulated depreication on computer system           68000  

To record the depreication expense for the year    

 

5 0
3 years ago
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
mixer [17]

Answer:

B) networking

Explanation:

Networking involves the sharing of information and ideas among people in a social group, or social set up. Networking happens in informal groups formed by people who share common interests and ambitions.  Professional use networking to expand their circles of friends, acquaintances, and potential business partners.

Business people join or create networking groups to develop relationships with other business-minded people. By joining the local chamber of commerce, Galena will interact and socialize with other businesswomen. She will make friends and get a platform to engage with other professionals in her field.

4 0
3 years ago
to plan effective marketing strategies, a company needs to find out all it can about its competitors. it must constantly compare
mel-nik [20]

This is an example of <u>Competitor Analysis</u>

  • An evaluation of the advantages and disadvantages of present and future rivals is known as competitive analysis in marketing and strategic management. In order to recognize possibilities and risks, this analysis gives both an offensive and a defensive strategic perspective.
<h3><u>What information should a competitor analysis contain?</u></h3>
  • A competitive study should look at the attributes, market share, prices, marketing, differentiators, strengths, and weaknesses of your rivals as well as their locations, cultures, and consumer feedback.
  • This article is for small company owners, both new and experienced, who wish to research their rivals to enhance their goods or services.

To learn more about Competitor Analysis, Click the Links.

brainly.com/question/28090263

brainly.com/question/18685357

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5 0
1 year ago
A pharmaceutical research firm prohibits the employees who leave the firm from soliciting business from former customers or clie
gavmur [86]

Answer:

Non-piracy.

Explanation:

If a pharmaceutical research firm prohibits the employees who leave the firm from soliciting business from former customers or clients for a period of two years. This best exemplifies the non-piracy clause.

A non-piracy clause is a legal framework which provides protection for companies from an ex employee who has left. This clause states that ex employees are prohibited from soliciting business from former customers or clients either directly or indirectly for a period of two years.

<em>For instance, if Joyce works for XYZ pharmaceutical company that uses a non-piracy clause and later dropped a resignation letter or was laid off for a disciplinary action, she's prohibited from taking contracts from XYZ' customers for a period of two (2) years. </em>

8 0
3 years ago
A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The
konstantin123 [22]

Answer:

<u>The present value of the loan is $45,297</u>

Explanation:

Instalment (A)= $9,000.00

PV factor (B)= 5.033

Present value of loan (A x B)

=$ 45,297

5 0
3 years ago
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