It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. The currency of his country is exchanged against the currency to which it is pegged.
The exchange rate of the currency can be determined in two ways: fixed rate and floating rate.
<u>Explanation</u>:
The currency exchange is a business that has the legal right to exchange the currency of one country with the currency of another country. This type of business is known as foreign exchange market.
It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. Each and every country has unique currency system. It is necessary to get the currency of the country we are visiting.
The exchange rate of the currency can be determined in two ways: <u>fixed rate </u>and <u>floating rate</u>.
The exchange rate of the currency is decided by the government based on the market force and geopolitical condition.
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<span>Common law requires that the promises be written into a contract in order for it to be enforced. Common law is a major legal system in the Western world and has existed since the ancients times in England. Judges make the decisions concerning common law instead of written laws.</span>
Answer:
B. 33.66 percent
Explanation:
The common-size analysis involves comparing income statement items to revenue while balance sheet items are related to total assets, hence, the inventory account is a balance sheet item that would need to compared to total assets.
Common-size percentage= inventory/total assets.
inventory=$218,000
total assets=$647,700
Common-size percentage=$218,000/$647,700
Common-size percentage=33.66%
Answer:
Explanation:
Sales budget for may = 540
Sales budget for June = 670
Opening inventory for may = 190
Closing inventory for May = 155
Production in may =( 190+540)-155=575
Opening inventory in June = 155
Closing inventory = 165
Production in June = (155+670)-165=660
May material needs = 3(575+ (20%*660)
=3*707=2121 wheels
2121*24=$50,904
June material needs =3(660+(20%*640)
3*788=2364
2364*24=$56,736