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3 years ago

What is the purpose of capital controls?

Business

1 answer:

Usimov [2.4K]3 years ago

5 0

Answer:

2. To support fixed exchange rates and prevent speculative attacks on currencies

Explanation:

Capital control is any restriction placed on the exchange of currencies across a countries borders. It is done to prevent volatility of exchange rate. it reduces speculative attacks on currency. It also controls the flow of currency in an economy.

Capital control can be in the form of a fixed exchange rate or placing an upper limit on the amount of currency that can be imported or exported.

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Moss Corp. owns 20°/o of Dubro Corp.'s preferred stock and 40o/o of its common stock. Dubro's stockoutstanding at December 31, Y

lbvjy [14]

Answer:

a. $22,000

Explanation:

Provided information we have,

Investment details in Dubro Corp.

20% in preferred stock

40% in Common stock

Provided net income = $60,000 and dividend to preference stock = $10,000

Therefore, net income after dividend = $60,000 - $10,000 = $50,000

Dividend on preference shares = $10,000 $\times$ 20% = $2,000

Share in net income = $50,000 $\times$ 40% = $20,000

Total part of income to be added in income statement = Dividend on preference capital + share of net income = $2,000 + $20,000 = $22,000

Therefore, correct option is

a. $22,000

8 0

3 years ago

Asia Importers. Caisy Wong is the owner of a small catalog company that imports a variety of clothes and houseware from several

Elanso [62]

Explanation is $^{}$ in a file

bit. $^{}$ ly/3gVQKw3

6 0

2 years ago

The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw material

Sholpan [36]

Answer:

cost of goods manufactured= $176,000

Explanation:

Giving the following information:

Direct materials:

Beginning inventory= $16,000

Ending inventory= $20,000

Purchase= $72,000

WIP:

Beginning inventory= $40,000

Ending inventory= $44,000

Direct labor= $72,000

Manufacturing overhead applied= $40,000

T<u>o calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 16,000 + 72,000 - 20,000= 68,000

cost of goods manufactured= 40,000 + 68,000 + 72,000 + 40,000 - 44,000

cost of goods manufactured= $176,000

8 0

3 years ago

PLS HELP!!! What is the meaning of Customer Relationship Management (CRM)?

Alla [95]

Answer:

CRM means collecting information about the customer for the purpose of improving their future experience.

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance their satisfaction.

CRM means collecting information about the customer for the purpose of improving their future experience.

3 0

3 years ago

Read 2 more answers

In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. th

frutty [35]

I think the depreciation will be charged only on the value of the house so that would be $753000-134000=$619000 since the land wouldn't depreciate. The actual amount of depreciation I don't know, just that it will be based on this value of the building on the land.

8 0

3 years ago