The price of one country's currency expressed<span> in terms of </span>another country's currency<span> is: A. by </span>definition<span>, </span>one<span> unit of </span>currency<span>. ... A. exchange rate between the U.S. dollar and </span>another currency<span>. B. exchange rate between two </span>currencies<span>, neither of which is generally the U.S. dollar.21</span>
Answer:
The correct answer is A
Explanation:
Internal control is the control which comprise of everything that controls the risk for the organization. At the level of organizational, the objectives or goals of internal control relate to the reliability of financial reporting, compliance with the regulations as well as laws and timely feedback on accomplishment of operational goals.
The goals of the internal control are:
Safeguard the assets of business
Promote the operational efficiency.
Ensure reliability as well as integrity of the accounting information as well as data.
Ensure adherence to the policies as well as procedures of management.
Therefore, from the above options, the goal is to provide assurance that assets are safeguarded and used for business purpose.
Answer:
$100,000 and $97,368
Explanation:
In this question we compare the cost between the two options available i.e shown below:
First options
Collect today for $100,000
Second options, the present value is
= Annual cash flows × PVIFA factor for 10% at 7 years
= $20,000 × 4.8684
= $97,368
So the present value of the first option is $100,00
0
And, for the second options it is $97,368
Businesses are necessary to hire, organize, and supply workers.
Answer:
$50,400
Explanation:
Cash Balance as per bank statement $62,900
[$69700+$25300-$20400+$87600-$99300]
Less: Outstanding checks at April 30, 2020 <u>$12,500</u>
Adjusted Cash balance per bank <u>$50,400</u>
So, the cash balance per books at April 30, 2020 is $50,400