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Lisa [10]
3 years ago
9

A stronger euro is less favorable for:

Business
1 answer:
Reptile [31]3 years ago
5 0

Group of answer choices.

A. German tourists traveling abroad.

B. American tourists traveling in France.

C. Canadian firms selling in Germany.

D. Canadian investors with money investments in Germany.

Answer:

B. American tourists traveling in France.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.

For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.

However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.

Note: Euro is the official currency (legal tender or money) of Germany.

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In the month of March the Digby Corporation received and delivered orders of 173,000 units at a price of $15.00 for revenue of $
podryga [215]

Answer: $2.595mil in March and $0 in May.

Explanation:

Digby Corporation uses the Accrual Method of Accounting. This method of Accounting posits that entries should be recorded only in the period that they were incurred regardless of when payment was received or made.

This means that if Revenue is received in a certain month but only paid for in another month,the accounting records will show the entire revenue amount on the original month.

In reference to Digby, they earned a revenue of $2.595 million in March and that is the amount that they will record as Revenue in March using Accrual Accounting.

8 0
2 years ago
An employee that never directly communicates to her manager that she is pregnant in hopes that her manager will just assume, but
erik [133]
<span>If an employee that never directly communicates to her manager that she is pregnant in hopes that her manager will just assume, but the manager doesn’t make necessary arrangements for when the employee will not be working because the manager didn't know and comprehend that his employee was pregnant and it is showing an encoding behavior.</span>
7 0
3 years ago
BRICs is a term used in international finance to represent assets that are considered to be inexpensive and sturdy, but fundamen
NeX [460]

Answer:

False

Explanation:

BRICS is an acronym of the growing economies of the world which includes Brazil, Russia, India, China and South Afruca. Their headquarters is in China and they work together to ensure the development of member nations is achieved. They collaborate in different projects and help each other financially.

Goldman Sachs, in 2001, coined the acronym and he believed that these countries would grow faster than the countries that have already developed.  

5 0
3 years ago
The ________ method of developing a pro forma income statement forecasts sales and values for the cost of goods sold, operating
Natalija [7]

Answer:

Percent of sales

Explanation:

A pro forma invoice contains a description of goods and services that is being provided by the supplier.

It is sent to the buyer before shipment of the product.

The pro forma invoice also contains information like the eight of the good and shipping cost.

The percentage of sale method of preparing pro forma invoice focuses on the amount of funding that is required to increase sales.

This method forecasts sales and values for the cost of goods sold, operating expenses, and interest expense that are expressed as a ratio of projected sales.

4 0
2 years ago
Read 2 more answers
Scott wants to accumulate $3,800 over a period of 11 years so that a cash payment can be made for roof maintenance on his summer
Kamila [148]

Answer:

$240.76

Explanation:

The formula to determine the annual deposit is :

p = FV / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

Annuity factor = (1.07^11 - 1) / 0.07 = 15.783599

p = $3800 / 15.783599 = $240.76

3 0
2 years ago
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