Answer:
The strategy for China seems to be to use the resources that Africa has in its hands from the small groups that control parts of the continent in order to fund themselves as well as help increase revenue for the countries that allow them to do so.
Explanation:
A Forward transaction in the foreign exchange market requires delivery of foreign exchange at some future date.
A forward contract, or simply a forward, is a sort of derivative instrument in finance. It is a non-standard contract between two parties to buy or sell an asset at a specific future time at a price agreed upon at the time of the contract's conclusion.
A forward transaction is when two people or other entities bind themselves to carry out a trade in the future rather than right now. Futures deals differ from spot trading due to the timing of the transactions.
Learn more about Forward transaction here
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Answer:
Debit Inventory $40,600
Credit Cash account $40,600
Being entries to recognize the cost of inventory
Explanation:
The initial recognition of inventory is to be done including all the cost incurred in bring inventory to the place of use or storage. These includes freight and the cost of the item. When inventory is purchased on account, entries required are Debit Inventory, credit account payable. Where cash is paid, the debit is same but the credit entry is posted to the cash account.
Hence total cost incurred (which is the cost of inventory)
= $40,000 + $600
= $40,600
The standard quantity that is produces is multiplied to the standard price. The product is subtracted to the quantity variance and will be divided to the standard price. The product you have acquired will be the units that are produced.
4,500 pounds x $2.50 = 11,250
11,250 - $375 = 10,875
10,875 / $2.50 = 4,350
Answer: There are 4,350 units produced.
