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3 years ago

Development of the Eurocurrency Market A Eurocurrency is any currency that is banked outside of its country of origin.

Business

1 answer:

aleksandr82 [10.1K]3 years ago

4 0

Answer:

A Eurocurrency is any currency that is banked outside of its country of origin.

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arn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $40. The company pays $150 to rent a vending space for one d

spayn [35]

Answer:

The total revenue needed to break even is $206.90 per day

Explanation:

The break even point of revenue is the total revenue earned by the firm where total revenue equals total cost and there is no profit or no loss. The break even in dollars can be calculated using the following formula,

Break even in dollars = Fixed cost / Contribution margin ratio

Contribution margin ratio = (Selling price per unit - variable cost per unit) / Selling price per unit

Contribution margin ratio = (40 - 11) / 40 = 0.725 or 72.50%

The fixed cost per day is the cost of the vending space of $150.

Break even in dollars = 150 / 0.725 = $206.896 rounded off to $206.90

8 0

3 years ago

Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sight

natta225 [31]

Answer:

$1,300

Explanation:

Only the cost that are directly related to the business conference is to be deducted as Melissa's business tax. Sightseeing cost is therefore not part of her original plan. The business related cost are therefore;

$400 for round-trip airfare to San Francisco
$250 fee to register for the conference,
$300 per night for three night’s lodging,
$200 for meals, and
$150 for cab fare.

A summation of this cost would give $1,300 as the amount of the total costs that can Melissa deduct as business expenses.

5 0

3 years ago

Read 2 more answers

On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the

Arada [10]

Answer:

The correct answer is:

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

Explanation:

On 1st May

Upon sale of inventory on credit

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

On 1st May

To record cost of goods sold of merchandise inventory:

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

5 0

3 years ago

The comparative balance sheet of ConnieJo Company, for December 31, Years 1 and 2 ended December 31 appears below in condensed f

Sophie [7]

Answer:

Kindly check attached picture

Explanation:

Kindly check attached picture for detailed statement using the direct method

8 0

3 years ago

The basic purpose of imposing legal reserve requirements on commercial banks is to: A. Assure the liquidity of commercial banks

Aliun [14]

Answer:

Provide a device through which the credit-creating activities of banks can be controlled

Explanation:

The legal reserve requirement is the minimum amount mandated by Central banks for banks to have as their minimum reserves.

The legal reserve requirement is used by the government as a means to control the supply of money in the economy.

If the central bank wants to reduce money supply, it increases the legal reserve requirement and if it wants to increase money supply, it reduces the legal reserve requirement.

A high reserve requirement reduces the amount that banks can make available for loans.

I hope my answer helps you

5 0

3 years ago