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jolli1 [7]
3 years ago
11

Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.

S. importer will contact his U.S. bank (where of course he has an account denominated in U.S. dollars) and inquire about the exchange rate, which the bank quotes as €1.0242/$1.00. The importer accepts this price, so his bank will ________ the importer's account in the amount of ________.
Business
1 answer:
Zolol [24]3 years ago
5 0

Answer:

The importer accepts this price, so his bank will <u>debit</u> the importer's account in the amount of <u>$500000</u>

Explanation:

Debiting an account removes money from the account. Crediting an account adds money to the account.

The bank will  therefore <em>debit</em> his account because the money will be taken out and paid to the exporter.

The amount that the importer pays in dollars can easily be calculate as:

€512,100 / €1.0242 = $500000

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2 years ago
Which type of private label brand carries no evidence of a retailer s affiliation, is manufactured by a third party, and is sold
Drupady [299]

Answer:

A. A captive brand

Explanation:

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3 years ago
Under the perpetual inventory system, in addition to making the entry to record a sale, a company would
kotegsom [21]

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There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

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5 0
2 years ago
(Fueron/Eran) las doce. Question 2 with 1 blank (Hubo/Había) mucha gente en la calle. Question 3 with 1 blankA las doce y media,
VARVARA [1.3K]

Answer:

Explanation: Eran las doce.  

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El camarero llegó inmediatamente con el menú.  

Nosotros empezábamos a leerlo.  

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De repente, el camarero (volvió a nuestra mesa.  

Y nos (dio una mala noticia.  

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Por eso Tomás y yo (decidimoscomer en otro lugar.  

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3 years ago
Read 2 more answers
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Answer:

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= 10 times

Therefore for computing the price earning per share we simply applied the above formula.

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3 years ago
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