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lorasvet [3.4K]
3 years ago
15

What is the rate at which one currency is converted to another currency called?

Business
2 answers:
n200080 [17]3 years ago
4 0
My answer would be C ''Foreign Exchange Rate''.
liraira [26]3 years ago
4 0

the answer would be c

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To provide better service for their customers, America Online purchased office space in India for their online customer service
jekas [21]

Answer:

Foreign Direct Investment

Explanation:

For an investment to be called a foreign direct investment, a business in one country must purchase a form of controlling ownership in another business which is located in another country. Mergers and acquisitions, opening a new facility in another country, or purchasing properties in another country for the purpose of doing business is called FDI. In the question, America Online purchases office space in India; this is purely an example of Foreign Direct Investment.

4 0
3 years ago
Gouda Company and Cheddar Company had the same sales, total costs, and income from operations for the current fiscal year; yet G
Sedaia [141]

Answer:

If both companies have the sames sales volume, total costs and income from operations, the reason why Gouda has a lower break even point is that their variable costs are lower. We use the contribution margin per unit to calculate the break even point and the contribution margin per unit = sales price - variable costs. The question states that total costs are equal, but it doesn't say anything about variable or fixed costs.

Assuming that Gouda is above break even point, each sale will generate a higher operating profit since the contribution margin is higher.

Explanation:

3 0
2 years ago
Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no
mylen [45]

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

4 0
3 years ago
Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR
Evgesh-ka [11]

Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.

<h3>Which account will be debited?</h3>

The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.

The Account Receivable account will then be credited to cash to account for the cash being received.

In conclusion, option B is correct.

Find out more on bad debts at brainly.com/question/26036981

3 0
2 years ago
A building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate
grigory [225]

Answer:

A. $119,000

B. 10%

C.$11,900

Explanation:

Deprecation is a method used in expensing the cost of an asset.

The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000

The straight line rate = 1/10= 0.1 = 10%

annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900

I hope my answer helps you

6 0
3 years ago
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