Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
A is the answer to this question. Hope this helps!
Answer:
A) Factoring
Explanation:
Factoring: This is a short term financial option which refers to financial transactions between a business firm and a financial institution. It is the selling of debt by a business firm at a discounted price to a financial institution.
Maurio inc. is involved in factoring by selling its accounts of credits to restube which is i financing firm at a discount in order to have enough capital to invest in digital publishing.
Factoring is the relationship between the financial institution and the business firm in which the fimancial institution purchases the business firms credit and pay about 80% to 90% immediately and pay the balance at a later date.
There are different types of factoring;
1) Domestic and export factoring
2) Recourse and non-recourse factoring
3) Advance and maturity factoring
4) Disclosed and undisclosed factoring
