If the Chinese government sets the exchange rate at 4 yuan per 1 U.S. dollar, then the supply of Chinese Yuan will increase
.
Option 1
<u>Explanation:</u>
A regular midpoint price, based upon a previous day yuan closing rate and quotes from interbank dealers, has been developed every Morning by the People's Bank of China (PBOC).
The Yuan dropped out days after Trump suddenly stirred up a trade war with China, proposing 10 percent tariffs on some other $300 billion range of Chinese products. Yet China's People's Bank of China, Yi Guang, insists China will not "take part in international devaluation.
Investors were used to the flexibility of the yuan, after ten years of constant appreciation with the US dollar. Despite its response, China's adherence to free-market principles was challenged by many others, the new currency regime was still closely related to a 'controlled float.'
Answer:
Sale - November 10
<u>Cost of Sales</u>
= 48 units × $99
= $4,752
<u>Inventory Balance</u>
=25 units × $99
=$2,475
Sale - November 15
<u>Cost of Sales</u>
=53 units × $105
= $5,565
<u>Inventory Balance</u>
40 units × $105 = $4,200
25 units × $99 = $ 2,475
Total = $6,675
Sale - November 24
<u>Cost of Sales</u>
= 13 units × $105
= $ 1,365
<u>Inventory Balance</u>
27 units × $105 = $ 2,835
25 units × $99 = $ 2,475
Total = $5,310
Explanation:
LIFO Inventory System sells the Recently Acquired Inventory First followed By Older Inventory Acquired.
The correct answer is D providing zero-liability for unauthorized purchases
Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
