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Yuri [45]
4 years ago
8

On July 1, the exchange rate between the Canadian dollar CAD and the US dollar USD is 1 CAD for .80 USD. On August 1, the exchan

ge rate is 1 CAD for 1 USD. Over this period of time, we would say that ___________.
Business
1 answer:
djverab [1.8K]4 years ago
7 0

Answer:

<u>Canadian Dollar has appreciated whereas US Dollar has depreciated.</u>

Explanation:

The July 1 exchange rate,

1 USD = 0.80 CAN $

This means to buy 1 USD, we need 0.80 CAN $. This further means, USD is stronger currency and CAN $ IS weaker.

On Aug 1, the exchange rate is 1 USD = 1 CAN$

This means, now to buy 1 CAN $, one is required to pay 1 USD i.e more USDs than before. This means over the period of one month, the CAN $ has appreciated whereas US Dollar has depreciated over the period.

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On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
Thepotemich [5.8K]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash      $1,323

Service charge expense ($1,350 × 2%) $27

               To    Sales Revenue  $1,350

(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

3 0
4 years ago
QUIZ
kari74 [83]
Your credit score is the correct answer
4 0
3 years ago
middle managers at apics dental have little decision-making authority for their departments. almost every decision they make on
Illusion [34]

Since Middle managers at Apics Dental have little decision-making authority for their departments and almost every decision they make on a day-to-day basis must be approved by the CEO, from what they spend to whom they hire, this is an example of centralization.

<h3>What is an organizational structure?</h3>

An organizational structure simply refers to a strategic process that is typically used for the division of a business organization (company or firm) into multiple functional units, in order to successfully achieve its short-term and long-term goals.

<h3>The dimensions of an organizational structure.</h3>

Generally speaking, an organizational structure comprises three (3) main dimensions and these include the following;

  1. The vertical dimension: the decision-making responsibilities include decentralization and centralization.
  2. The horizontal dimension.
  3. Integrating mechanisms.

Under centralization, all of the day-to-day decisions are made by the top executive management and the chief executive officer (CEO).

Read more on organizational structure here: brainly.com/question/7437866

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5 0
1 year ago
At year​ end, Tangshan China Company balance sheet showed total assets of​ $60 million, total liabilities​ (including preferred​
Studentka2010 [4]

Answer:

Earnings per share

= <u>Net income - Preferred dividend </u>

  No of common stocks outstanding

= <u>$1,500,000 - 0</u>

   1,000,000 shares

= $1.50 per share

P/E ratio = <u>Market price per share</u>

                 Earnings per share

15   = <u>Market price per share</u>

              $1.50

Market price per share = 15 x $1.50

                                      = $22.50

Explanation:

In this question, there is need to calculate earnings per share by dividing net income by number of common stocks outstanding. Thereafter, we will apply P/E ratio formula, where P/E ratio and earnings per share are known. We will make market price per share the subject of the formula.

7 0
3 years ago
What actions might be taken to reduce the risk associated with a loan to start the business? Give examples please​
8_murik_8 [283]

Answer:

funny business has the word loan in it never trusted cuz one they might take away all your money and use it for something else like spending it on spoiled Rich daughters and pretty much just using your own money on random things that they don't need

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3 years ago
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