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4 years ago

Which best describes the exchange of currencies ?

1 answer:

5 0

The answer is D. an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency.

So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN. Therefore, to get 17 MXN, you need to pay 1 USD.

Does that make sense?

You might be interested in

Answer each of the following independent questions. Required: Alex Meir recently won a lottery and has the option of receiving o

Lady_Fox [76]

Answer:

option 1

$4,056,237.49

Explanation:

To determine the better option, we have to determine the present value of options 2 and 3

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

option 2

Cash flow in year 0 = $34,000

Cash flow in year 1 to 6 = $9,300

I = 7 %

PV = 78,328.82

Option 2

Cash flow in year 1 to 6 = $$18,400

I = 7 %

PV = 87704.33

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

It is the first option that has the highest value

The formula for calculating future value = A / annuity factor

Annuity factor = {[(1+r) n] - 1} / r

P = Present value

R = interest rate

N = number of years

7 0

3 years ago

Based on information from the Small-Customer project manager, Quasar Communication Inc. (QCI) has multiple projects with small c

ANTONII [103]

Explanation:

A schedule should be developed showing the tasks and objectives of the project, as well as the time that must be covered for the realization of the project.

Small projects must have the same value as large projects, therefore the investor's sense of commitment must be clear from the beginning, that is why resources must be appropriately assigned to each project within the project's schedule or action plan. There must be a date for assigning tasks with the budget already approved for the complete execution of the entire project, in this way the project manager of small clients will be able to execute their projects in a timely and worry-free manner.

7 0

3 years ago

In august, Johns Co.’s account receivable balance was written off using the direct method. In November, Johns pays the balance i

rosijanka [135]

Answer: Bad debts Expense

Explanation: Bad Debts Expenses occur when qccount receivable has been written off initially and may be recovered in full or in part.

For the journal entry, the accounting treatment of recovered amount will require two journal entries with the first entry being made to reinstate the recovered account , and the second one being made to record the receipt of cash from that receivable..

Therefore, when a previously written off account is recovered and the cash is received from the related receivable, the Journal entry to record the reinstatement of the account receivable must include a credit to the Bad debts Expense account before recording a debit to the Cash account.

8 0

3 years ago

Suppose that nondurable goods spending is $200 billion, durable goods spending is $400 billion, new residential housing spending

umka21 [38]

Answer:

$1,300 billion

Explanation:

total private consumption = nondurable goods spending + durable goods spending + spending on services = $200 billion + $400 billion + $700 billion = $1,300 billion

New residential housing spending ($500 billion) are considered residential investments, not part of private consumption.

6 0

3 years ago

Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his 45 shares of the company. Bill transferred prope

Mandarinka [93]

Answer:

Rob and Bill.

Explanation:

6 0

3 years ago