the control the exchange of foreign currencies
1. the control the exchange of foreign currencies
Answer:
What Are Exchange Controls? Exchange controls are government-imposed limitations on the purchase and/or sale of currencies. These controls allow countries to better stabilize their economies by limiting in-flows and out-flows of currency, which can create exchange rate volatility
Explanation:
-What Are Exchange Controls? Exchange controls are government-imposed limitations on the purchase and/or sale of currencies. These controls allow countries to better stabilize their economies by limiting in-flows and out-flows of currency, which can create exchange rate volatility.
2. If the foreign currency appreciates, juancho will recognize foreign exchange loss. if the foreign currency appreciates, juancho will recognize foreign exchange gain. if the foreign currency depreciates, juancho will recognize foreign exchange loss. any gain or loss will be deferred until the date of settlement. no gain nor loss will be recognized in the financial statement.\
Answer: A foreign exchange gain/loss occurs when a company buys and/or sells goods and services in a foreign currency, and that currency fluctuates relative to their home currency. It can create differences in value in the monetary assets and liabilities, which must be recognized periodically until they are ultimately settled.
Explanation: thx me later
3. A subsidiary of sb inc is located in a foreign country whose functional currency is the foreign currency. the subsidiary acquires inventory on credit on november 1
Answer:
Accounting risk may be hedged. One way that companies may hedge their net investment in a subsidiary is to take out a loan denominated in the foreign currency. Some firms experience natural hedging because of the distribution of their foreign currency denominated assets and liabilities. It is possible for parent companies to hedge with intercompany debt as long as the debt qualifies under the hedging rules. Others choose to enter into instruments such as foreign exchange forward contracts, foreign exchange option contracts and foreign exchange swaps. Unfortunately, FX rate changes cannot always be anticipated and hedging has risks and costs
Explanation:
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4. it is the month of foreign currency per unit of local currency
Foreign Currency Month
5. 5. explain the effects of the foregoing on foreign currency exchange rate, import cost, and export competitiveness.
Answer:
A rising level of imports and a growing trade deficit can have a negative effect on a country's exchange rate. A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a strong domestic currency hampers exports and makes imports cheaper.
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6. What is Foreign Exchange Market? a. a place where corporation and government can raise fund b. a market for converting currency of one country into another country c. trading of instrument by an exchange of securities
Answer:
B.Explanation:Foreign exchange market (forex, or FX, market), institution for the exchange of one country's currency with that of another country. Foreign exchange markets are actually made up of many different markets, because the trade between individual currencies—say, the euro and the U.S. dollar—each constitutes a market.Answer:
b. a market for converting currency of one country into another country
Explanation:
Foreign exchange market (forex, or FX, market), institution for the exchange of one country's currency with that of another country. Foreign exchange markets are actually made up of many different markets, because the trade between individual currencies—say, the euro and the U.S. dollar—each constitutes a market.
7. Economic growth based on foreign exchange currency is booming WRITE QUALITATIVE OR QUANTITATIVE
Answer:
Quantitative
Explanation:
The variable being measured, Economic growth based on foreign exchange currency is booming, is countable.
Further readings:
Quantitative Variables - Variables whose values result from measuring something or simply by counting.
Examples: height, weight, number of items sold to a shopper, no. of teachers in a faculty.
Qualitative Variables - Variables that are not measurement variables. Their values do not result from measuring or counting.
Examples: hair color, religion, political party, profession
8. explain the treatment of foreign currency
Answer:
Foreign exchange accounting involves the recordation of transactions in currencies other than one's functional currency. ... When a foreign currency transaction is designed to be an economic hedge of a net investment in a foreign entity, and is effective as such; or.
Step-by-step explanation:
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Answer:
definition. Foreign currency transaction is the term used to describe all operations conducted by businesses or individuals that are denominated in a currency other than a company's functional currency, or that of the banking office if the subject is an individual.
9. If the obligation is payable in foreign currency
Explanation:
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10. ACCOUNTING: I HAVE THE ANSWER, I ONLY NEED SHORT EXPLANATION. THANKS! In accounting for foreign currency transactions, which of the following approaches) Philippines? A. One-transaction perspective accrue foreign exchange gains and losses B. One-transaction perspective; defer foreign exchange gains and losses C. Two-transaction perspective; defer foreign exchange gains and losses D. Two-transaction perspective; accrue foreign exchange gains and losses Answer: D
Answer:
In the Philippines, the correct approach for accounting for foreign currency transactions is the Two-transaction perspective; accrue foreign exchange gains and losses (Option D).
Under this approach, foreign currency transactions are recorded in two separate transactions: the initial transaction and the settlement of the transaction. Any foreign exchange gains or losses are recognized in the period in which they occur and are recorded in the income statement. This approach is in accordance with the Philippine Financial Reporting Standards (PFRS) and is intended to reflect the economic substance of the transaction.
Option A (One-transaction perspective accrue foreign exchange gains and losses), Option B (One-transaction perspective; defer foreign exchange gains and losses), and Option C (Two-transaction perspective; defer foreign exchange gains and losses) are not in line with the PFRS and are not the correct approach for accounting for foreign currency transactions in the Philippines.
Explanation:
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11. Receivables denominated in a foreign currency should be
Answer:
Receivables denominated in a foreign currency should be
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12. when currency exchange was developed
Answer:
The modern foreign exchange market began forming during the 1970s.
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13. The levels of foreign currency assets and liabilities at banks have ___________ in recent years, and the level of foreign currency trading has ____________.
Answer:
The levels of foreign currency assets and liabilities at banks have increased in recent years, and the level of foreign currency trading has increased.
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14. Gate inc. had a $30,000 credit adjustment for the year ended december 31, 20x2, from restating its foreign subsidiary's accounts from their local currency units into u.s. dollars. additionally, gate had a receivable from a foreign customer payable in the customer's local currency. on december 31, 20x1, this receivable for 200,000 local currency units (lcu) was correctly included in gate's balance sheet at $110,000. when the receivable was collected on february 15, 20x2, the u.s. dollar equivalent was $120,000. in gate's 20x2 consolidated income statement, how much should be reported as foreign exchange gain in computing net income if the u.s. dollar is the functional currency
Answer:
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Step-by-step explanation:
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15. The exchange rate quoted for future delivery of foreign currency is the definition of a(n)
forward exchange rate
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16. Exchange gains and losses on accounts receivable and payable that are denominated in a foreign currency are
Answer:
The two situations in which you should not recognize a gain or loss on a foreign currency transaction are:
When a foreign currency transaction is designed to be an economic hedge of a net investment in a foreign entity, and is effective as such; or
When there is no expectation of settling a transaction between entities that are to be consolidated.
Example of Foreign Exchange Accounting
Armadillo Industries sells goods to a company in the United Kingdom, to be paid in pounds having a value at the booking date of $100,000. Armadillo records this transaction with the following journal entry:
Explanation:
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17. how much is 15 uk pound in exchange rate foreign currencies
Answer:
15 uk pounds (GBP) = 950.30 pesos (PHP)
Step-by-step explanation:
From xe.com
1 GBP = 63.3566 PHP
British Pound to Philippine Peso Conversion
Last updated: 2020-11-06 05:20 UTC
15 GBP = 15 * 63.3566 = 950.349
rounding down 950.30
18. The number of units of the foreign currency needed to acquire one unit of the domestic currency is referred to us the indirect quotation of the exchange rate.
Answer:
Indirect quote
Explanation:
also known as a “quantity quotation,” since it expresses the quantity of foreign currency required to buy a unit of the domestic currency.
19. pa answer po <39.used as an intertional medium of exchange10.place where foreign currencies are converted
Answer:
1.B
2.A
3.D
4.H
5.G
6.F
7.E
8.J
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20. Hotel currency exchange in Hongkong
Answer:
Currency exchange services are widely available at hotels in Hong Kong. Most hotels will offer exchange services at the front desk, or you can find currency exchange services at the airport, banks, foreign exchange shops, and other locations. Be sure to compare rates before exchanging your currency.
Explanation:
21. how much is 15 uk pound in exchange rate foreign currencies
Answer:
It's 949.68 └( ＾ω＾)」
Step-by-step explanation:
1 Philippine Peso - 0.016 Pound Sterling
22. Which of the following factors is least likely to affect a country’s currency foreign exchange rates?
Answer:
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Explanation:
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23. kahulugan ng currency exchange
Answer:
A currency exchange is a licensed business that has the legal right to exchange one currency for another to its customers. Currency exchange of physical money (coins and paper bills), is usually done over a counter at a teller station.
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Answer:
Ang isang currency exchange ay isang lisensyadong negosyo na may ligal na karapatang ipagpalit ang isang pera sa isa pa sa mga customer nito.
Explanation:
24. When translating foreign currency financial statements for a company whose functional currency is the peso, which of the following accounts is translated using historical exchange rates?
Answer:
When the functional currency is ide tified as the US dollar, land purchased by a foreign subsidiary after the controlling interest was acquired by the parent company should be translated using the: Historical rate in effect when the land was purchasedExplanation:
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25. When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's income statement accounts would be converted to peso by:?
Answer:
in can function because his heart is broken
Explanation:
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Answer:
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26. It is the amount of foreign currency per unit of local currency.
Answer:
nominal exchange rate
Explanation:
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27. Advanced financial accounting dayag chapter hedging foreign currency exchange rate risk
Your lungs are part of the respiratory system, a group of organs and tissues that work together to help you breathe. The respiratory system's main job is to move fresh air into your body while removing waste gases.
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28. 1.Ano ang Domestic Currency2.Ano ang Foreign Currency
Answer:
1.The domestic currency is that which is legal tender in the economy and issued by the monetary authority for that economy, or for the common currency area to which the economy belongs
2.The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices
29. banks are permitted to exchange foreign currency true or false
Answer:
true
Explanation:
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30. Using the given foreign currency exchange above, give the conversion:1. A guest wants to exchange $ 150.00. How many pesos do you give the guest?$ 150.00 = ?
Step-by-step explanation:
1$ is equal to 50php
50php/1$ x 150$ = 7,500 php
