Anyone wants my number for 84 points

Select the statements that are true.

o-na [289]

<h2>The first three options are right</h2>

Explanation:

Exchange rate:

The "price or value of one country's currency" is exchanged for the price of "another country's currency value".
The exchange rate always varies. It gets updated everyday.
Exchange rates are calculated based on the value of "interest rate, trade, inflation, growth rate, employment and geopolitical conditions".

There are two ways in which currency value is determined. A floating value is identified by the open market.
We must travel to another country when we need more exchange rates.

4 0

3 years ago

Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 M

Afina-wow [57]

Question Completion:

If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answer:

Delicious Catering

Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.

Explanation:

Data and Calculations:

Prepaid Rent for 3 months = $1,500

Rent expense for the month = $500 ($1,500/3)

Utilities expense = $190

Service Revenue:

Cash for meals = $2,400

Credit 2,000

Total $4,400

Salary Expense = !,700

Depreciation expense = $340

Kitchen Equipment = $2,500

Income Statement for the month of May:

Service Revenue $4,400

Expenses:

Rent $500

Utilities expense 190

Salary expense 1,700

Depreciation expense 340

Total expenses $2,730

Net Income $1,670

8 0

3 years ago

n a small open economy with perfect capital mobility, if the domestic interest rate were to rise above the world interest rate,

Brilliant_brown [7]

<u>A)</u><u> Capital inflow.</u>

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<h3><u>The inflow of capital: What is it?</u></h3>

Net purchases of domestic assets by non-residents, or the difference between purchases and sells, are referred to as capital inflows. Net foreign asset purchases by domestic agents, excluding the central bank, equal net capital outflows. The total of foreign direct investment into the domestic economy, portfolio investment obligations, and other investment liabilities is known as capital inflows. Capital inflows to developing nations increased dramatically in the early 1990s. Direct and portfolio investments were sparked by interest in nations with developing financial markets. The influxes were welcomed since they gave investors more chances for international diversification and helped developing nations finance domestic projects.