It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. The currency of his country is exchanged against the currency to which it is pegged.
The exchange rate of the currency can be determined in two ways: fixed rate and floating rate.
<u>Explanation</u>:
The currency exchange is a business that has the legal right to exchange the currency of one country with the currency of another country. This type of business is known as foreign exchange market.
It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. Each and every country has unique currency system. It is necessary to get the currency of the country we are visiting.
The exchange rate of the currency can be determined in two ways: <u>fixed rate </u>and <u>floating rate</u>.
The exchange rate of the currency is decided by the government based on the market force and geopolitical condition.
Answer:
b. sales contest. (direct)
Explanation:
This is a sales contest as motivates and creates incentives for the sales people to increase their sales volume in comparisson with other salespeoples.
There are three types of sales contest:
<u>Direct:</u> between the sales peoples during a certain type(a week, month or quearter)and a certain number is the winner (the first, the top 5 etc)
<u>Team: </u> Teams are created and the prizes are for the whole group
<u>Goal:</u> rewards are given for the acomplishment of a goal (X sales or Y sales in dollar or number of new client)
The Consumer Electronics Division of General Electronics Company, which has a number of dozen factories all over the world, is run by production managers Gary Stevens and Mary James. Gary is in charge of the facility in EI Segundo, California, while Mary is in charge of the one in Des Moines, Iowa. If the entire division reaches or surpasses its yearly profit objective, production managers will get a bonus equivalent to 5% of their basic pay. The bonus is decided in March, following the completion and distribution to investors of the company's annual report.
Percentage Completion
The percentage of completion method involves the ongoing recognition of revenue and income related to longer-term projects. By doing so, the seller can recognize some gain or loss related to a project in every accounting period in which the project continues to be active.
PER UNIT COST 187.50
FINAL PROCESS COMPLETION PERCENTAGE 40%
FINAL PROCESS COMPLETION 204,000
COGS 289
TOTAL COGS 57,899,510
NET PROFIT 100,490
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A bachelor’s degree in atmospheric science.
The taxable equivalent yield is 6.67%.
<u>Given Information</u>
Municipal bond has yield of 5%
Tax rate = 25 percent
Taxable equivalent yield = ?
- The formula for use to derive the taxable equivalent yield is <em>{Current yield on municipal bond / (1-tax rate)</em><em>.</em>
Taxable equivalent yield = 5% / (1 - 25%)
Taxable equivalent yield = 0.05 / 0.75
Taxable equivalent yield = 0.06666666666
Taxable equivalent yield = 6.67%
Therefore, the taxable equivalent yield is 6.67%.
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