<u>Foreign Exchange Market</u> are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients
<h3>What is Foreign Exchange Market?</h3>
A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.
<h3>Why foreign exchange is important?</h3>
Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.
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Answer:
An investment readily convertible to a known amount of cash
Explanation:
Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.
Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.
Cash equivalents are assets and help improve the company's liquidity.
Answer:
$8000 (increased)
Explanation:
Given:
Current sales = $600,000
Variable cost = 80% of Sales = $600,000 x 80% = $480,000
Fixed cost = $130,000
Computation of current Operating Income :
= Current sales - Variable cost - Fixed cost
= $600,000 - $480,000 - $130,000
Net Income = -$10,000
Computation of Operating Income(After new sales) :
= New sales - New Variable cost - Fixed cost
= ($600,000 + $40,000) - 80% of ($600,000 + $40,000) - $130,000
= $640,000 - $512,000 - $130,000
Net income after new sales = - $2,000
Change in income = Net income after new sales - Net Income before new sales
= -$2,000 - (-$10,000)
= $8000 (increase)
Question Completion:
Choose the correct answer below
(1) in-store customers appear to be middle aged, have higher annual income and live further distance away from a store
(2) in-store customers appear to be generally younger, have lower annual income and live near a store
(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store
(4) Online customers appear to be middle aged, have lower annual income and live near a store
Answer:
Zeitler's Department Stores
Online and In-store Customers:
According to the parallel coordinates plot, online customers are differentiated from in-store customers in the following ways:
(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store
Explanation:
Younger persons tend to embrace technology more than their older counterparts. Based on this, they also engage on online purchasing of goods and services instead of visiting the traditional brick-and-mortar stores. With online purchase, a customer is in better control because she can search for the best deals from any location.
