Answer:
A. Amounts which are owed to the company by its customers resulting from credit sales.
Explanation:
When the company sells its product to the customers on a credit basis is called account receivable. The amount which is to be sold on credit comes under the account receivable. It is a liquidity ratio which can be converted into cash within one year
This account receivable comes under the current assets side in the asset section of the balance sheet
Answer:
(US)$136,36
(CA)$154
NO
NO
Explanation:
Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)
U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36
Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154
Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:
$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)
The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))
Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:
$136 + $5 = $141
The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))
<span>The primary purpose of protective covenants is to help: Lender protection
when a lender loan some amount of money to a debtor, the lender has to face a risk that the debtor wouldn't be able to pay back the money.
Through protective covenants, the lender could get some sort of protection against that risk.</span>
Answer: True
Explanation:
With the on-going drive towards Globalization, companies took advantage to raise more capital by listing across various stock exchanges in the world. The result of this became that the securities market became more correlated.
This had the advantage of granting many companies enough capital that they became Multinational companies but it had the disadvantage of reducing the benefits of international portfolio diversification because the companies would be able to influence the movement of stock across the nations that they are listed in. Where before you could trade in Japan if there were losses in the NYSE, with a company being on both and suffering, both exchanges would feel it.
