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Given the following market rates:
Bid rate Offer rate
USD/MYR 4.0820 4.0850
USD/AUD 1.4114 1.4120
Question (i) If you are a bank and a Malaysian importer asks for an exchange rate to pay his purchase from Australia. How do you quote the currency rate? Calculate your quotation using the chain rule approach.
Question (ii) If you are a bank and a Malaysian exporter who wish to convert his export proceeds in in AUD to MYR? Calculate your quotation using the cross rate approach.
Harbor Manufacturing's average cost per anchor is $50.00. If $20,000 of the total costs are fixed, what is the variable cost of producing each anchor
Wilson recognizes revenue over time according to the percentage of completion. Calculate the amount of revenue and gross profit to be recognized in 2018
What is the accrual accounting rate of return for the similar problem
Calculate the average number of customers per day and the average seat turnover for the week for each meal period
How would you monitor accounts according to organisational policy and procedures and industry compliance requirements? Detail the steps involved.
On July 1, the Leeann Merchandising Corporation had 9,000 keyboards in inventory. Each keyboard had cost the Corporation $12.
Francis Company has 24,000 shares of common stock outstanding at the beginning of 2013. Francis issued 3,000 additional shares on May 1 and 2,000 additional shares on September 30.
Customers at Joe's Office Supply Store demand an average of 6000 desks per year. Each time an order is placed, an ordering cost of $300 is incurred.
After how many miles will you need to drive to make the total cost to operate of the two cars the same? For simplicity, you may assume that regular maintenance is the same for the two vehicles
Determine the total product cost and the average cost per unit of the inventory produced
compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the..
With regard to double taxation, distributions, and the treatment of the losses, general partnerships are most like
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