All categories

3 years ago

Which of the following accurately describes the process of currency

Business

1 answer:

DIA [1.3K]3 years ago

6 0

Answer:

C. Money from one country is bought using money from another

Explanation:

A currency exchange is seen as a type of business that has the right to exchange one currency for another to its customers or between two or.more different countries. Although the right to exchange this currency are often legal.

Therefore doing CURRENCY EXCHANGE the exchange rate is often how much of a country's currency have to buys another foreign currency which is why for some countries, exchange rates tend to constantly change while some countries tend to use a fixed exchange rate which does not often change .

Hence CURRENCY EXCHANGE enables money from one country to be bought using money from another.

You might be interested in

Which of the following is essential in a satisfying work environment?

Tems11 [23]

The answer is: B, A boss who is respectful and cooperative. Hope this helped.

7 0

3 years ago

Read 2 more answers

Using the Indirect Method to create the Statement of Cash Flows, which of the following options are correct in describing what m

Gwar [14]

Answer:

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

Explanation:

Operating activities: It involves those transactions that affect the after-net income working capital. It would subtract the rise in current assets and a decrease in current liabilities while add a decrease in current assets and an increase in current liabilities.

It would modify those changes in working capital. For addition, the depreciation costs are added to the net income and the loss on the sale of assets is applied, while the gain on the sale of assets is excluded

So, the following options are used-

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

8 0

3 years ago

Phil Bord is a CEO for a large auto manufacturer and is interested in improving the product quality. Phil had overheard his frie

Setler [38]

Answer:

Six sigma quality is the result of a well-defined and structured process.

Explanation:

Six Sigma is a methodology to improve processes that helps to concentrate in avoiding the constant changes in them eliminating problems in products delivery and customer service, among others. A key point is that the client is really important and it is crucial that the processes fulfill the clients requirements.

5 0

3 years ago

Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled

klemol [59]

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

Ending inventory = 1400 units

Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

Material Cost Per Unit will be:

= Total Material Cost / Equivalent Production Unit

= $62900 / 18500

= $3.40 per unit

The material cost per unit is $3.40

7 0

3 years ago

One disadvantage of the corporate form of business ownership is the:

Sliva [168]

Answer:

The correct answer is letter "D": double taxation of distributed profits.

Explanation:

A Corporation is an entity, typically with specific characteristics of a large business. Corporations are considered to be separate legal entities from their owners. This implies double taxation for profits: <em>one filing for corporate taxes and the other individually when the profits are distributed</em>.

4 0

3 years ago