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3 years ago

In a currency swap:_____.

Business

1 answer:

vazorg [7]3 years ago

4 0

Answer:

Explanation:

Currency exchange is a foreign transaction in another currency. In this transaction, two individuals or companies exchange their loans and interest on the loan in foreign currency with each other.

In current it might be possible that both counterparties have the same credit rating and one firm has a competitive advantage in borrowing in the domestic market.

So, both options are true in respect of currency swap.

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During the month of July, Clanton Industries issued a check in the amount of $712 to a supplier on account. The check did not cl

oee [108]

Answer:

The multiple choices are:

A) Deduct the check amount from the book balance of cash.

B) Add the check amount to the book balance of cash.

C) Deduct the check amount from the bank balance.

D) Add the check amount to the bank balance

The correct option is c,deduct the check amount from the bank balance

Explanation:

The check of $712 was already deducted from the cash balance in the cash book when issued,in order to reflect in the bank balance too,it would be appropriate to deduct from the bank balance so as to have a like-for-like situation.

This implies that the accountant at Clanton industries would begin bank reconciliation with bank balance in order to arrive at cash balance not the other way round.

6 0

3 years ago

Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and infrequent pretax loss of $7

OverLord2011 [107]

Answer:

Kindly check explanation

Explanation:

Given the following :

Income from operations before income tax and extraordinary item = $6,433,500

Income tax expense = (0.3 × 6,433,500) = $1,930,050

Income before extraordinary item ($6,433,500 - $1,930,050 = $4,503,450

Extraordinary event - loss from eruption = $778,800

Less:Applicable income tax : (1 - 0.3) × 778,000) = $544,600

Less : Interest revenue = $18,630

Less : write down on building = $56,090

Net income = $4,503,450 - (544,600 + 18,630 + 56,090) = $3,884,130

Income before extraordinary item = $4,503,450 / 4,958,200 = 0.9082832 = 0.91

Extraordinary loss = 544600 / 4,958,200 = 0.1098382 = 0.11

Net income = 3,884,130 / 4,958,200 = 0.7833750 = 0.78

3 0

4 years ago

Houseman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000 units in July, August, September and Oct

ella [17]

Answer:

50,600 units

Explanation:

The computation of the number of units to be produced in September is given below:

= sales + ending inventory - opening inventory

= 51,000 units + (40% of 50,000 units) - (40% of 51,000 units)

= 51,000 units + 20,000 units - 20,400 units

= 50,600 units

3 0

3 years ago

When practicing entrepreneurship, starting with means at hand involves ______. a.using your available resources to fund your ven

lord [1]

When practicing entrepreneurship, starting with means at hand involves analyzing who you are.

<h3>What is entrepreneurship?</h3>

entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.

Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.

Learn more about entrepreneurship at;

brainly.com/question/22477690

#SPJ1

3 0

2 years ago

In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were

bekas [8.4K]

Answer:

Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

Utilities $800 Unfavorable

Supervision $0 Neither Favorable Non Unfavorable

Total $700 Unfavorable

Explanation:

Preparation of a responsibility report for April for the cost center.

HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020

Controllable cost Budget Actual

Indirect materials $15,700- $14,800 =$900 Favorable

Indirect labor 21,300- 22,100 =$800 Unfavorable

Utilities 11,100- 11,900=$800 Unfavorable

Supervision 5,100- 5,100= $0 Neither Favorable Non Unfavorable

Total $53,200-$53,900=$700 Unfavorable

Therefore The responsibility report for April for the cost center will be :

Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

Utilities $800 Unfavorable

Supervision Neither Favorable Non Unfavorable

Total $700 Unfavorable

7 0

3 years ago