Answer: The Reserve Bank of India keeps all of Advika’s foreign currency for her.
Explanation:
When a country uses exchange controls, it limits the amount of foreign currency that can come into a country. This is usually done to ensure stability in the money market of the country as well as to improve the balance of payments for the country.
One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.
Answer:
Cash Inflow would be cash coming into the company and Cash Outflow would be going out.
<h2>Cash Inflow</h2>
- Water Sales
- Government Grants - money given to the company by the Government to help in its operation
- Issuance of bonds - Cash inflow from debt issuance
- Used Equipment sales - cash from sale of used equipment
- Stormwater fees - paid by customers to take stormwater from property
- Discharge Permit revenue
<h2>Cash Outflow</h2>
- Well drilling - drilling well requires cash expenditure
- Maintenance - cash expense
- Accounting - Administrative expenditure
- Energy Cost
- Pension Plan Contributions - contributing to its employees' pension plans is an expense
- Heavy Equipment Purchases - Capital expenditure
<span>29 days of 1.3% inflation.
Convert to relative increase: (1+0.013) = 1.013.
(1.013)^29 -1 = 45.43% (the effect of compounding)
45%.</span>
Answer: $8500
Explanation:
The total administrative expense allocated to the Meats department will be calculated thus:
= (Total administrative expense/Total Sales in square Feet) × Meat Department sales in Square Feet
= (17000/3200) × 1600
= $8500
The total administrative expense allocated to the Meats department is $8500.
