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4 years ago

The amount of one currency that can be traded for a unit of another currency is called the _____.

Business

2 answers:

ANEK [815]4 years ago

5 0

The answer would be exchange rate.

Fudgin [204]4 years ago

4 0

The amount of one currency that can be traded for a unit of another currency is called the exchange rate. The domestic currency and the foreign currency, are currencies that are traded. The foreign currency is the base currency and the domestic currency is the counter currency. Exchange rates for most major currencies are generally expressed to four places after the decimal .

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Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On M

Thepotemich [5.8K]

Answer: Please see explanation column for answers.

Explanation:

a)Journal to record the transactions of SprayCo Inc.

Date Account Debit Credit

march 9 Treasury stock (62,000 x $51) $3,162,000

Cash $3,162,000

June 9 Cash (48,000 x $60) $2,880.000

Treasury stock (48,000 x $51) $2,448,000

Paid in Capital from sale of treasury stock $432,000

($2,880.000- $2,448,000 )

Nov 13 Cash (7,500 x $54) $405.000

Treasury stock (7,500 x $51) $382,500

Paid in Capital from sale of treasury stock $ 22,500

($405,000- $382,500 )

b)balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year =$432,000 form June 9 + $ 22,500 from November 13 =$454,500

6 0

4 years ago

Big Homes Corporation is an accrual method calendar year taxpayer that manufactures and sells modular homes. This year for the f

Pavel [41]

Answer:

C. $19,500 if this amount is not material, Big Homes expects to continue the practice of offering rebates in future years, and Big Homes expects to pay the accrued rebates before filing their tax return for this year.

Explanation:

They are viewed in the tax law as a reduction to the purchase price of the item. Thus, this decreases the income from the houses.

Is important to consider that this must be part of the commercial activity from Big Homes and in subsequent years this rebates will continue to occur.

Thus, if Big Homes Corporation pay the accrued rebate it confirms the discoutn and thus, the deduction.

7 0

4 years ago

On the cash flow statement, a realized loss on investments should be added back under Cash from Operating Activities because the

Ierofanga [76]

Answer:

The answer is A. TRUE

Explanation:

Realized loss like depreciation or amortization are added back to the net income under the cash flow from operating activities section.

Realized gain/loss is the total amount of realized gains and losses resulting from the sale of investment or securities.

This is usually done under the indirect method of cash flow. This does not occur under the direct method of cash flow

6 0

3 years ago

Fogelberg Company purchased equipment for $12,000. Sales tax on the purchase was $600. Other costs incurred were freight charges

Step2247 [10]

Answer : The correct option is, (d) $13,110.00

Explanation : Given,

Price when company purchased equipment = $12000

Sales tax price = $600

Freight charges = $240

Damage charges = $420

Installation costs = $270

Now we have to determine the total cost of the equipment.

Total cost of the equipment = Purchased price + Sales tax price + Freight charges + Installation costs

Total cost of the equipment = $12000 + $600 + $240 + $270

Total cost of the equipment = $13110.00

Thus, the total cost of the equipment is, $13110.00

5 0

3 years ago

Describe at least three ways you will implement your project to soften the impact of the issue on the community

brilliants [131]

We can enumerate three ways on how we can implement the project that would soften the impact of the issue on the community. These three ways are enumerated below:
1. Understand the talent of the youth and discuss the proposed project that would help to their development. The benefit of this project is to divert the attention of the youth into a healthy lifestyle instead of being attractive into illegal drugs which are very common nowadays.
2. Discuss the projects by giving them the all the options that would benefit them rather than creating damage to their livelihood. Organize meetings and open forum.
3. Introduce to them the health impact of the project.

8 0

3 years ago