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3 years ago

Which currency is normally used for conducting global trade between two countries? currency of the seller

Business

2 answers:

Kryger [21]3 years ago

7 0

Often times the currency used is the currency of the seller.

Alex Ar [27]3 years ago

6 0

Answer:

currency of the stronger country

Explanation:

International trade contracts between two countries are usually made in the currency of the country that has the largest hegemony of the world economy, in this case the US. Most contracts between two countries, even when the US is not theirs, are made in dollars. The dollar has become a standard currency for international trade contracts. For example, contracts between Brazil and China are traded in dollars.

This is not a rule, but it is usually so, except in some economic blocs, such as the European Union, where the Euro is the current currency of contracts.

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To recruit new executive and professional, company should mainly depend on_____ *

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Answer:

Body physic, skills, and mental capacity.

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4 years ago

Identify the statements below which summarize what cash discounts are. (Check all that apply.) Cash discounts are described in c

olchik [2.2K]

Answer:

The correct answer is shown below:

Explanation:

Cash discount is the discount, which is a deduction allowed or provided through sellers of the goods and services so that could motivate the customers or consumers to pay within the particular time period.

So, the statements which summarize are:

1. The sellers offer cash discount, will acknowledge as the sales discount.

2. The buyer refer or acknowledge the cash account as purchase account.

3. The cash accounts are defined as the credit terms.

4. The sellers could grant cash discount in order to encourage the buyers to pay earlier.

5. The payment which is reduced applies to the credit period.

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3 years ago

Do you think president Biden should give reparations?

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Yes, i don’t want to go into politics but yes because it’s his job...

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3 years ago

Read 2 more answers

The Heath Corporation reported net income for 20X1 of $177,500. Heath began the year with 100,000 shares of $5 par value common

Nesterboy [21]

Answer:

107,500 shares

Explanation:

weighted average number of common shares = 100,000 shares + 10,000 shares x 3/12

= 107,500 shares

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3 years ago

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeM

Travka [436]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

30% on cash

70% on account

Sales on account:

25% in the month of the sale

75% in the following month

October $133,000

November 166,000

December 243,000

The Accounts Receivable balance on September 30 was $89,000.

Cash collection October:

Sales on cash= 133,000*0.30= 39,900

Sales on account from October= (133,000*0.7)*0.25= 23,275

Sales on account September= 89,000

Total cash collection= $152,175

Cash collection November:

Sales on cash= 166,000*0.30= 49,800

Sales on account from October= (166,000*0.7)*0.25= 29,050

Sales on account October= (133,000*0.7)*0.75= 69,825

Total cash collection= $148,675

Cash collection December:

Sales on cash= 243,000*0.30= 72,900

Sales on account from October= (243,000*0.7)*0.25= 42,525

Sales on account October= (166,000*0.7)*0.75= 87,150

Total cash collection= $202,575

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3 years ago