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nignag [31]
2 years ago
15

The bank promises to pay on behalf of the exporter when a bank is used as a third party in international transactions.

Business
1 answer:
AURORKA [14]2 years ago
8 0
The correct answer is a/true because I go to the bank
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If the United States wanted to reduce the cost of its goods in foreign markets, it could ________ its currency.
Kruka [31]

Answer:

Devalue its currency

Explanation:

Exchange Rate is the conversion rate of domestic & foreign currency.

Eg $1 =   _ € .

Devaluation means deliberate fall in value of domestic currency in terms of foreign currency (increase in foreign exchange rate) , under fixed exchange rate by government.

Eg :  $1 =   5€ - change to -  $1 = 7€ . This implies dollar can purchase less amount of euro , and has depreciated.

However , this would also lead to reduce the cost of its exports in foreign (here European market) , because US $ has become cheaper in terms of their currency & hence so have been their goods.

3 0
3 years ago
Say someone invent a machine capable of helping women pick up the roses. the effect of this invention would be to _______ the wa
Sidana [21]
I believe that such a machine would increase the wage paid to the women since it would most likely allow the women to produce more roses in the same amount of  time. This is why for example, in mines, manual labourers get paid less than those who operate sophisticated machinery since the latter usually results in much higher production rates say of ore/day.
7 0
3 years ago
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
jekas [21]

Answer:

The net operating income for the month under variable costing is $500,000

Explanation:

Note : I have attached the full question as an image below

8 0
2 years ago
Revenues and expenses are transferred to the​ ________ account before their final transfer into the retained earnings account.
slamgirl [31]
<span>D is the correct answer. Income summary is a sort of "catch-all" account that holds both revenues and expenses before recording them as retained earnings. These will then be rectified at the end of the manual accounting period. If there is a net profit or loss for the business, it will be reflected during the accounting period in the income summary.</span>
6 0
3 years ago
Sahia company bought a building for 90,000 cash and the land on which it was located for 1,10,000 cash. The company paid a trans
Alexxandr [17]

Answer:

Sahia Company

1. Net book value of the property at the end of year 2 = $217,800.

2. Journal entry to record the purchase:

Debit Property (land and building) $241,000

Credit Cash Account $241,000

To record the acquisition of the property.

3. Straight-line depreciation (on building only) = $11,600.

Explanation:

a) Data and Calculations:

Bought building for cash = $90,000

Bought land for cash =         110,000

Transfer cost =                       10,000

Renovation on building =      31,000

Book value of property =  $241,000

Depreciation:

Building cost = $90,000

Transfer cost        4,500 ($10,000*90,000/200,000)

Renovation         31,000

Total cost =    $125,500

Residual value     9,000

Depreciable value = $116,000

Depreciation per annum = $11,600 ($116,000/10)

a) Land is not subject to depreciation and its value is $115,500 or $110,000 + 5,500 ($10,000*110,000/200,000).

b) The net book value of the property at the end of year 2 is

Building $125,500 - 23,200 = $102,300

Land =                                          115,500

Net book value of property =  $217,800

6 0
3 years ago
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