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2 years ago

What is the process of converting the currency of one country into the currency of another country?

Business

1 answer:

Arada [10]2 years ago

5 0

Answer:

Foreign exchange

Explanation:

The process of converting the currency of one country to another is known as foreign exchange or Forex. Converting or exchanging to a particular currency is buying that currency. One needs to have their home currency or any other currency to convert it to the desired currency.

If both currencies have equal strengths, then one unit of a currency should exchange with one unit of the other. The exchange rate would be one. Since currencies have different strengths, they convert or exchange at different rates.

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A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had al

Zielflug [23.3K]

Answer: Decreasing the incomes of people in the city

Explanation:

According to the given situation, the newspaper reporting about the average price range of the new homes are decreased in the city and also the new homes selling average are also decreases.

It is basically caused by the average income level of that specific city are get decease.

When the income of the people are decreases then it cause less spending on the things and the budget are get highly effected so that is why they are unable to buy any kind of property.

Therefore, Decreasing the incomes of people in the city is the correct answer.

3 0

2 years ago

Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materia

Eduardwww [97]

Question:

standard total cost Actual total cost

Direct material

Standard 2000 pints $3.50/pint $7,000

Actual 2,500 pints $5.00/pint $12,000

Answer:

Materials quantity variance= $1,750 unfavorable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

pints

Standard quantity allowed 2,000

Actual quantity used 2,500

Quantity variance 500 unfavorable

Standard price $3.50

Materials quantity variance 1,750 unfavorable

Materials quantity variance= $1,750 unfavorable

8 0

2 years ago

HOURS

IrinaVladis [17]

Answer:

what's the question

Explanation:

its not said or is. it

3 0

2 years ago

Money used to finance business activities is known as

nadya68 [22]

In the cash flow statement financing activities refer to the flow of cash between a business and its owners and creditors.

4 0

2 years ago

Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $23,490 and variable exp

Mars2501 [29]

Answer:

Contribution margin ratio = Contribution margin / Sales

Product C90B CMR = ($23,490 - $7,047) / $23,490 = $16,443 / $23,490 = 0.7 = 70%

Product Y45E CMR = ($34,800 - $13,920) / $34,800 = $20,880 / $34,800 = 0.6 = 60%

The rule, the Higher the contribution margin ratio, the lower the Break-Even point. So, if sales mix shifts to product C90B, overall Break-even point Decreases.

8 0

2 years ago