Answer:
the equilibrium exchange rate between 2 currencies is determined by the supply and demand in the money market
Explanation:
equilibrium exchange rate indicates that the price of exchanging 2 currencies will be stable. equilibrium exchange rate is exchange rate at which the demand for a currency & the supply for the same currency are the same.
Answer:
- Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
Explanation:
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Answer and Explanation:
The computation is shown below;
(a)-Caterpillar’s book debt-to-value ratio
Caterpillar’s book debt-to-value ratio is
= Debt ÷ [Debt + Book Value of Equity]
= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $23.00 per share)]
= $24.80 Billion ÷ [$24.80 Billion + $13.69 Billion]
= $24.80 Billion ÷ $38.49 Billion
= 0.64
(b)- Caterpillar’s market debt-to-value ratio
Caterpillar’s book Market debt-to-value ratio is
= Debt ÷ [Debt + Market Value of Equity]
= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $154.80 per share)]
= $24.80 Billion ÷ [$24.80 Billion + $92.11 Billion]
= $24.80 Billion ÷ $116.91 Billion
= 0.21
(c)-Best measure to determine the company’s cost of capital is the market value
Explanation:
Given that
Debit balance = $845
Uncollectible receivables = $15,368
The Journal entry is given below:-
1. Bad debt expenses $16,213
To, Allowance for Doubtful Accounts $16,213
(Being bad dept expenses is recorded)
Note
Computation is shown below:-
Debit balance + Uncollectible receivables
= $845 + $15,368
= $16,213