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4 years ago

What is indigenous bookkeeping

Business

1 answer:

Mumz [18]4 years ago

6 0

<span>a casual operation where few records are kept of income, expenses, stock and other items. </span>

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A Chinese company exchanges yuan (Chinese currency) for dollars. It uses these dollars to purchase scrap metal from a U.S. compa

DanielleElmas [232]

Answer:

d. decrease, and U.S. net capital outflow increases.

Explanation:

Yuan is the currency of the country China and the currency of United States of America is dollar. Every country in the world does imports of some goods to meet the demands of the country and exports some items to the other countries that is produced in abundance in the parent country. In this way, countries earn huge capital by doing importing and exporting.

In the context, China will buy scrap metal from United States, thus China is importing a good from U.S. So China will have more of import. Hence China net export will decrease. While U.S. is selling goods to China in exchange of dollar and earning capital. So, net capital outflow of the United States will increase.

7 0

3 years ago

As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa

tensa zangetsu [6.8K]

Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

$148,000

Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

7 0

4 years ago

Why do economic growth rates matter?

AveGali [126]

A is the answer

Say thanks!

3 0

3 years ago

Which of the following is an an example of a sunk cost?

miss Akunina [59]

Answer:

Option b is correct.

Explanation:

Option b is correct.

The sunk cost is the cost that has been incurred and which can not be recovered. Thus, anycost that can not be recovered is called the sunk cost. Therefore, the option 'b' that states pushing wrong button and getting a wheatgrass sandwich is the sunk cost because it can not be returned.

5 0

3 years ago

Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates

True [87]

Answer:

C. $6,700.

Explanation:

First we calculate the net cash flow in August

Estimated cash receipt = $120,800

Estimated cash disbursement = $134,500

Net cash flow= $120,800 inflow - $134,500 outflow = $13,700 outflow

Now calculate the closing cash balance = Opening Cash balance + net cash flow during the period = $17,000 - $13,700 = $3,300

Limit for minimum cash balance = $10,000

Cash need to be borrowed = $10,000 - $3,300 = $6,700

Company need to borrow $6,700 to maintain the cash balance of $10,000

8 0

3 years ago