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3 years ago

Using the world bank index how many us dollars would buy the same amount of rupees as 862800

1 answer:

5 0

With the current exchange rate provided by the word bank, 1 US dollar would be the equivalent of 64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing the two amounts, you will probably have 13,391.28 as your answer. There are a lot of ways in the digital age to convert currencies right now. However, when you exchange your money in exchange centers,do not expect to have the same amount you just calculated since you will be paying for a few taxes and service fees.

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In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each y

Kisachek [45]

Answer:

The correct option is April 2017-March 2018

Explanation:

Since the company adopts a continuous quarterly budgeting,in 2017,the first revision and update would take place immediately after the first quarter.

The first quarter of the year ends on 31st March based on a January to December year end,the first revision and update would take 1st day of April 2017,hence the first revision and update would cover a one year period of April 2017 to March 2018,while the second update and revision would be expected July 2017 to June 2018

5 0

4 years ago

Four companieslong dash—A, B, C, and Dlong dash—have revenues of 1, 2, 3, and 4, respectively. Company C develops a BCG Mat

AVprozaik [17]

Answer:

If all the four firms have same net income then RMSP for company C will be 0.30.

Explanation:

The BCG matrix (Boston Consulting group's product portfolio matrix) is used for doing strategic planning for long-term. It looks into how business growth will be possible by looking at portfolio of products and then decides where to invest, or which product to discontinue. It says that if the market share of the product is higher, it would be more beneficial for the company.

In the given problem, all the four companies A,B,C,D have revenues 1,2,3,4 respectively. We calculate Relative market share or RMSP by subtracting a company's market share from 100 to find the percentage it does not control. So, RMSP for Company C would be 0.30.

7 0

3 years ago

elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000

Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

$=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}$

$=\frac{2,500,000}{462,500}$

= 5.41 times

Working:

$Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}$

$Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}$

= 462,500

(b) Inventory turnover for 2017:

$=\frac{cost\ of\ goods\ sold}{Average\ Inventory}$

$=\frac{2,000,000}{575,000}$

= 3.48 times

Working:

$Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}$

$Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}$

= 575,000

8 0

3 years ago

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1

gogolik [260]

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

Explanation:

To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via missing figure approach as follows:

Debits :

Cash (Balancing figure) $40,000

Ending of year Dividends Payable $15,000

Totals $55,000

Credits :

Beginning of year Dividends Payable $10,000

Dividends declared during the year $45,000

Totals $55,000

4 0

4 years ago

What is purchasing process?

konstantin123 [22]

Purchasing is the formal process of buying goods and services. The purchasing process can vary from one organization to another, but there are some common key elements. The process usually starts with a demand or requirements – this could be for a physical part (inventory) or a service.

7 0

4 years ago