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2 years ago

Which currency is normally used for conducting global trade between two countries? currency of the seller

Business

2 answers:

Kryger [21]2 years ago

7 0

Often times the currency used is the currency of the seller.

Alex Ar [27]2 years ago

6 0

Answer:

currency of the stronger country

Explanation:

International trade contracts between two countries are usually made in the currency of the country that has the largest hegemony of the world economy, in this case the US. Most contracts between two countries, even when the US is not theirs, are made in dollars. The dollar has become a standard currency for international trade contracts. For example, contracts between Brazil and China are traded in dollars.

This is not a rule, but it is usually so, except in some economic blocs, such as the European Union, where the Euro is the current currency of contracts.

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Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A

zimovet [89]

Answer:

$306,000

Explanation:

To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.

<u>Total Manufacturing Cost Calculation :</u>

Factory Utilities $11,400

Indirect Materials $39,500

Direct Materials $166,400

Equipment Depreciation $47,000

Direct labor $91,700

Total Manufacturing Cost $306,000

5 0

2 years ago

Assume you are the COO of Barcelona Restaurants and you are in a heated disagreement with one of your restaurant managers over h

AlexFokin [52]

Answer:

The correct answer is letter "C": Accommodating.

Explanation:

By accommodating managers have to adjust their plans according to current situations happening at the workplace. Problematic situations must be solved quickly but they can also represent a chance to spot weaknesses of the organization that should be reviewed. If a method of working shall be modified or if there is a need to use the company's resources to make adjustments on the issue, top managers have the power to do so.

Thus, <em>accommodating will be useful for the COO of Barcelona Restaurants to join his method of working with one of the manager's style.</em>

7 0

2 years ago

The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough

ozzi

Answer:

increase price per ticket.

Explanation:

increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

3 0

2 years ago

A company purchased equipment for use in the business at a cost of $36,000, one-fourth was paid in cash, and the company signed

Greeley [361]

Answer:

1. Dr Equipment 36000

Cr Cash 9000

Cr Notes payable 27000

( To record entry of equipment purchase on cash and on promissory note)

Explanation:

Equipment = 36000

Paid in cash = 36000 /4 =9000 and balance 36000-9000=27000 to be signed promissory note.

3 0

2 years ago

Fixed vs Variable cost preference. Bates operates a kiosk at a local mall, selling duck calls for $30 each. The variable cost to

GuDViN [60]

Answer:

Option 2 should be selected

Explanation:

Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.

Option 1

Price per call = $30

Variable cost per call = $18

Contribution = Sales - Variable cost = $30 - $18 = $12

Fixed Cost = $15,000

Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls

Option 2

Price per call = $30

Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21

Contribution = Sales - Variable cost = $30 - $21 = $9

Fixed Cost = $9,000

Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls

Difference = 1,250 calls - 1,000 calls = 250 calls

Option 2 is better option because it take 250 less calls to reach at break-even in the month. It should be selected.

8 0

2 years ago