Question
In: Finance
define the following terms- Official Reserve Account- Direct Quotation- Indirect Quotation
define the following terms
- Official Reserve Account
- Direct Quotation
- Indirect Quotation
Solutions
Expert Solution
Official Reserve Account
The official reserve account is a sub part of the capital account which consists of foreign currency and securities held by the central bank of a country and is used to balance the payments from one year to next year.These reserves increases in value if there is a trade surplus and the value decreases if there is a trade deficit.
Direct Quotation
Direct quotation is where the cost of one unit of foreign currency that is quoted in units of local or domestic currency. in general U.S. dollar serves as the base currency in most direct quotes with exception for british pound and Euro.
Indirect Quotation
Indirect Quotation is the cost of one unit of local or domestic currency that is quoted in units of foreign currency. Indirect quotes refers to the amount of foreign currency required to purchase or sell a unit of domestic or local currency.
jeff jeffy answered 2 years agoRelated Solutions
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Please provide your answer more than 350 words in word format
only. Please dont copy paste from website or from Chegg post.
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Please define each of the following terms, direct manufacturing item, indirect manufacturing item, variable manufacturing overhead,...
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item, indirect manufacturing item, variable manufacturing overhead,
fixed manufacturing overhead, pre-determined manufacturing
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for pre-determined manufacturing overhead rate. Then discuss if
predetermined manufacturing overhead rate depends on production
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Please provide your answer more than 350 words in word format
only. Please dont copy paste from website. Please give examples for
each definition.
Please define each of the following terms, direct manufacturing item, indirect manufacturing item, variable manufacturing overhead,...
Please define each of the following terms, direct manufacturing
item, indirect manufacturing item, variable manufacturing overhead,
fixed manufacturing overhead, pre-determined manufacturing
overhead, pre-determined manufacturing overhead rate, and the base
for pre-determined manufacturing overhead rate. Then discuss if
predetermined manufacturing overhead rate depends on production
level. Provide examples to clarify and support your argument.
Please provide your answer more than 350 words in word format
only. Please dont copy paste from website. Please give examples for
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2. Explain the difference between a product cost and a
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3. Distinguish between (a) a variable cost, (b) a
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4.what effect does an increase in volume have on (a)
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Don't forget to state the Significance for
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