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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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The following are the transactions for Evans Company: a. Sold merchandise for $645. The cost of goods sold was $375. b. Sold mer

omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0

3 years ago

Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 3

Dafna11 [192]

Answer:

b- $2,400

Explanation:

The computation of the amount that should be recorded is given below:

= 3 months rent ÷ number of months

= $7,200 ÷ 3 months

= $2,400

Hence, the amount of rent that should be recorded is $2,400

Therefore the option b is correct

The same should be considered

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3 years ago

Radon Corporation manufactured 34 comma 10034,100 units during March. The following fixed overhead data pertain to March:

Llana [10]

Answer:

$38,750 Favorable

Explanation:

Fixed overhead absorption rate:

= Fixed Overhead Costs for March (static budget) ÷ Production(static budget)

= $387,500 ÷ 31,000

= 12.5 per unit

Fixed overhead production−volume variance:

= Amount actually applied - Amount budgeted

= (12.5 × 34,100) - $387,500

= $426,250 - $387,500

= $38,750 Favorable

3 0

3 years ago

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company u

Papessa [141]

Answer:

4.2 years

Explanation:

Here is the complete question

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:

Compute Project A's payback period.

Payback = amount invested / cash flow

cash flow = net income + depreciation

depreciation = (cost of asset - salvage value) / useful life

(385,000 - 44,000) / 5 = 68,200

Cash flow = 68,200 + $ 23,100 = 91300

$ 385,000 / 91300 =4.2

6 0

3 years ago

A Bill of Material (BOM) in MRP is defined as:

Brums [2.3K]

Answer:

The correct answer is letter "B": A listing of components, their descriptions, and the quantities of each required to make one unit of a product.

Explanation:

A Bill of Material (BOM) in Materials Requirement Planning (MRP) relates the final product with the raw materials, assemblies, parts, and components necessary to manufacture a unit of that good. The BOM is a document that itemizes all the resources necessary to produce a good including at the top the product itself and a listing in hierarchical orders from components to individual materials.

Creating an accurate BOM helps to have all the material necessary for production available.

4 0

3 years ago