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3 years ago

How are foreign exchange rates determined

Business

1 answer:

alekssr [168]3 years ago

7 0

Answer:

Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.

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Chiller Company has credit sales of $5.60 million for year 2013. Chiller estimates that 1.32% of the credit sales will not be co

dsp73

Answer:

$59,045.80

Explanation:

The following information was missing:

Accounts Receivable total $1,565,170

Assuming the company uses the percent of accounts receivable method, what is the amount that Chiller will enter as the Bad Debt Expense in the December 31 adjusting journal entry?

total uncollectible debt = $1,565,170 x 4% = $62,606.80

since the account balance of the allowance for doubtful accounts is $3,561 (credit), the adjusting entry should be:

December 31, 2013, bad debt expense

Dr Bad debt expense (= $62,606.80 - $3,561) 59,045.80

Cr Allowance for doubtful accounts 59,045.80

7 0

3 years ago

Edward was assigned to a task group to resolve his organization’s issue of low morale; however, they all disagree on the cause.

Bond [772]

the answer is not storming it is polarization

7 0

3 years ago

Read 2 more answers

Lumina Inc. had 4,900 employees at the beginning of 2014. During the first half of the year, the company had no attrition. The c

Harlamova29_29 [7]

Answer:

4 %

Explanation:

Employee turnover rate describes the rate at which employees leave a company, either voluntary or involuntary. It includes employees that separate from the organization only, but not internal movements.

The formula for calculating employee turnover is

Turnover rate = <u>Employees separated </u> x 100

The average number of employees

The average number of employees = Beginning number + Ending number.

For Lumina Inc. average number of employees

= 4900 + 5000/2

=4950

Employee turnover = 200/4950 x 100

=4 %

6 0

4 years ago

Discuss whether a commercial bank should specialize or diversify in terms of the services it provides.

mojhsa [17]

Answer:

The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.

6 0

3 years ago

Willowâ, âInc., has current assets of $ 220 âmillion; property,âplant, and equipment of $ 320 âmillion; and other assets totalin

ElenaW [278]

Answer:

Willowa Inc.

a. Willowa's accounting equation (assets = liabilities + equity)

= $220 + $320 + $130 = $160 + $380 + $130

b. Working capital = Current assets - current liabilities

= $60 million ($220 - $160 million)

c. Willowa owes $540 million to creditors.

d. The company's assets owed by Willowa's stockholders = $130 million.

Explanation:

a) Data and Calculations:

Current assets = $220 million

Property, plant, equipment = $320 million

Other assets = $130 million

Total assets = $670 million

Current liabilities = $160 million

Long-term liabilities = $380 millon

Total liabilities = $540 million

Equity = Total assets - total liabilities

= $130 ($670 - $540) million

7 0

3 years ago