Answer:
direct; indirect
Explanation:
Foreign exchange quotations, relative prices or rates quoted among players in foreign exchange markets.
There are 3 types of foreign currency quotations :
- Direct quote: Direct quote is the unit price of a country quoted in reference to the country's currency.
- Indirect quotation: Indirect quotation is the reverse of direct quotation. This is the unit price of a country's currency known as foreign exchange terms.
- Cross-Rates: Although the banks deal with non-bank customers in the convertible currency for the French Franc / Italian lira, the Sterling / Spanish Fiesta, the Swiss franc / French franc and so on, the interbank market is usually in US quotes against the dollar.
Answer:
1. Classical theories were the earliest theories developed in time, while human relations theories developed later as a reaction to the classical management.
Explanation:
Classical management theory and human relations theories contrast greatly. It can be said that classical theories were the earliest ones developed, while much of the human relations theories developed later as a reaction to them.
Classical theories align with McGregor's Theory X and also in some top-do with-downs. They feature strict division of labor into different categories, including levels of management. Planning and communication are done in a "top down" fashion, meaning that information flows from top management downward.
Answer:
Option B ⇒ The annual interest rate on Note A is 9.35% .
Explanation:
Note B has an accrued interest for six months during 2013: $220,000 x .08 x 6/12 = $8,800.
The remainder of the accrued interest, $7,200 ($16,000 - $8,800) was from Note A, which was held for seven months in 2013.
Therefore, we have the following: $132,000 x annual interest rate x 7/12 = $7,200.
Thus, the annual interest rate on Note A would be ($7,200/132,000) x 12/7 = 9.35%.
Option B ⇒ 9.35% is the correct answer.
Answer:
The answer is stated below:
Explanation:
Functional currency is the one which states the primary and foremost economic environment in which the entity generate cash as well as expends cash.
It is used by the business units or the business as a monetary unit of account.
For determining or evaluating the functional currency, a hyper inflationary economy is one which experience a combined inflation of 100% or more over the past three years.
Inflation is 35% every year over the last 3 years which is a combined 105% and constitutes to a economy which is highly inflationary.
Since the problem assumes annual compounding, then the
relationship of forward rate and spot rates is given in the equation:
f1,2 = ((s2^2 / s1) - 1)
Therefore,
f1,2 = ((1.069^2 / 1.063) - 1)
f1,2 = 0.075 = 7.5%
Forward rate is 7.5%.
