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3 years ago

15

There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g

old
a. true
b. false

1 answer:

kirza4 [7]3 years ago

6 0

Answer:

a. true

Explanation:

Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.

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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t

IRISSAK [1]

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.

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3 years ago

Read 2 more answers

Worldwide Electronics is a global manufacturing firm that produces televisions, monitors, and other consumer electronic equipmen

Paha777 [63]

Answer:

Explanation:

1. JH Green, Corporate Personnel Officer - Discretionary cost center

2. Kalya Borodina, Sales Manager, Peru - Revenue center

3. Jay Smith, Chief Executive Office - Investment center

4. Andres Goya, Vice-President, South America - Profit center

5. Irene Chan, Mexico City Plant Manager - Cost center

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2 years ago

7) Suppose the real exchange rate is 10, the domestic price level is 8, and the foreign price level is 4. (a) What is the nomina

konstantin123 [22]

Answer and Explanation:

The computation is shown below:

1. Nominal exchange rate is

= (Real exchange rate) × (foreign price level ÷ domestic price level)

= 10 × (4 ÷ 8)

= 5

2. Change in Nominal exchange rate is

Change in Nominal exchange rate = (real exchange rate change ) + foreign inflation - domestic inflation

= 10 + 4 - 6

= 8%

3.) foreign inflation rate

= Change in Nominal exchange rate - real exchange rate change + domestic inflation

= 5 - 8 + 3

= 0%

We simply applied the above formulas

4 0

3 years ago

Why has caricom produced limited improvements in interregional trade??

Kobotan [32]

CARICOM or the <span>Caribbean Community and Common Market solely reason for existence is to promote the economic integration to guarantee the benefits and shared equitably. The mainly cause for CARICOM in producing limited improvements is because majority of the English speaking country illustrates the division </span><span>deep linguistic in Caribbean </span>

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3 years ago

The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate

Bezzdna [24]

Answer:

Option B is the correct answer,1.05

Explanation:

Present value index can be computed using the below formula:

present value index=present value of cash inflows/initial amount invested

present value of cash inflows=annual net cash flow*present value factor of annuity

annual net cash flow=$93,750

present value factor of annuity=4.212

present value of cash inflows=$93,750*4.212=$394,875.00

initial amount invested is $375,000

present value index=$394,875.00/$375,000 =1.053

The present value index of this project is approximately 1.05,which is the option B in the multiple choices

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3 years ago