In the first blank, the word that comes is "exchange rate".
<span>An exchange rate reflects the amount of one currency required to purchase one unit of another currency.
In the second blank, the word that comes is "rate".
</span><span>to put it simply, it is the rate of foreign currency.
Third blank fills with "floating rates".
</span><span>This rate is set by floating rates in foreign exchange markets.</span>
<span>
In the fourth blank, the answer is "</span>appreciates".<span>
</span>when a currency becomes more valuable in the market, this is called "appreciates".
In the last blank, the answer is "<span>depreciates".
</span><span>when a currency becomes less valuable, this is called "depreciates".</span>
Answer:
Correct option is (c)
Explanation:
Managerial accounting reports are prepared for the internal use by managers within different departments in the organization. They may or may not be published for external users like creditors or customers.
These reports need not comply to any established authorities like GAAP or IFRS. They are used by managers for various decision making purposes, so they can be prepared as per the manager's convenience.
Answer:
Profits and losses play an important role in helping direct businesses toward productive projects and away from ones that are productive.
Explanation:
That is the essence of accounting and finance monitoring that the efforts that the company is carrying out are compensating with the corresponding profits; If this is not the case, we make corrections or start new projects. Knowing profits and losses, we can know if a business is viable or not.
