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3 years ago

Most countries operate under a(n) ________ exchange rate system

1 answer:

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Most countries operate under a freely floating exchange rate system. A freely floating exchange rate is based on the forex market which relates to the supply and demand and how it relates to other currencies. The forex market is the largest most liquid financial market in the world.

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Caroline is conducting a share point analysis for Bloomingdale's. First, she estimates total industry sales by compiling a list

Pepsi [2]

The correct answer is B) Compute gross margin per sales point.

Caroline is conducting a share point analysis for Bloomingdale's. First, she estimates total industry sales by compiling a list of all department stores and their sales for the previous year. Next, she estimates Bloomingdale's market share within the industry. To find the value of one share point, Caroline must compute the gross margin per sales point.

Gross margin is part of the income statement that firms or industries need to elaborate every year. This metric indicates a detailed description of a company's revenues, expenses, and profit. When preparing a budget, gross margin defines the limits a company must take into account. That is why Caroline must pay close attention to the calculation and computing.

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3 years ago

Margie has had a tough month. First, she had dental work that cost $700. Next, she had her car transmission rebuilt, which c

motikmotik

Answer:

Calculate amount of annual interest:

The simple interest rate is the percentage of the credit that should be paid as interest on yearly basis. The amount of interest should be paid per year on a loan.

Miss. Margie has spent $700 for dental work and $1,400 for car transmission rebuilt. She has made both transactions on her credit card. If she does not pay credit balance of $2100, she will be charged 21 percent interest.

Calculate the annualized interest expenses.

Miss. Margie should pay annual interest if she does not pay off credit card balance. She has a credit balance of $2100. The interest rate on credit balance is 21 percent.

Annual Interest = Amount owned x Interest rate

Annual Interest = 2,100 x 0.21

Annual Interest = 441

Annual interest on credit card balance is $441

Money market investment is a high-liquid, and short term securities containing commercial paper. Treasury bill, banker's acceptance, promissory note.

Calculate the amount of interest received on money market investment. Miss. Margin has a money market account with $15.000. On this account she receives 3 percent interest.

So, the total interest earned on a money market account is:

Annual Interest = Amount x Interest rate

Annual Interest = 15,000 x 0.03

Annual Interest = $450

Miss. Margin has got $450 as annual interest on money market account of $15000 with the interest rate of 3 percent.

To calculate the amount of annual interest, she should write a check of 2,100 for pay off credit card balance, a money market account shows the balance of 12,900. The interest rate is 3 percent.

Annual interest = Amount x interest rate

Annual interest = 12,900 x 0.03

Annual interest = $387

If she should write the check out of her money market account she gets interest of $387.

So, she will lose the interest of $63

Miss. Margin should write the check'. She is able to cover credit card bill from money market account. It is always better to payoff credit card bill in full from income or saving than to pay credit card balance with interest on due balance.

If she pays credit card due balance from money market account, she will not have to pay interest charges

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3 years ago

Read 2 more answers

A stress test in finical marketing means:_____.

Brilliant_brown [7]

Answer:

Explanation:

Stress tests are carried out to determine how financial systems would react in periods of extreme stress eg. financial or economic crisis.

Stress situations are simulated and the reaction of the financial system to the stress is measured. Based on the reactions of the financial system, steps are taken to further improve or strengthen the financial system.

The scenarios used in a stress test can be based on historical events (events that have already occurred) or hypothetical events.

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3 years ago

The fact that cmc allows low-level employees to have greater access to higher-level employees is called

masha68 [24]

It is called Affective commitment
Affective commitment is aimed to create positive emotional attachment from the employees toward the company.
Providing the access will make the low-level employees in the company feel much more comfortable in adressing their concern towards the high-level employees

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3 years ago

Compass Inc. purchased 1250 bags of insulation, on account, from Glassco Inc. The bags of insulation cost $5.50 each. Compass pa

Alina [70]

Solution and Explanation:

Journal entry to record the purchase the bags of insultaion.

Date Particulars Debit Credit

Inventory $6875

accounts payable $6875

(Purchased insulated bags from Glassco Inc., 1250bags at the rate $5.5 each)

entry to record the payment for shipping

Inventory $320

cash $320

( paid shipping charges for bags to warehouse)

entry for return of the defective bags

accounts payable $275

Inventory $275

( returned defective bags to glassco Inc)

To record the payment for the bags kept by compass.

Accounts payable $6600

cash $6600

( payment for remaining bags to Glassco Inc., )

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3 years ago