If One Swiss Franc Can Purchase $0

question 44

Multiple Choice

If one Swiss franc can purchase $0.71 U.S. dollars, how many Swiss francs can one U.S. dollar buy?

• A) 0.71
• B) 1.41
• C) 1.00
• D) 2.81
• E) 0.50

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Definitions:

Miscellaneous Expense

Expenses that are not classified under any standard expense categories within the accounting system, often of a small or irregular nature.

Days' Cash

A measure of a company's financial stability, indicating how many days the company can continue to operate using only its available cash without needing additional income.

Year-end Value

The financial value of an asset or account as recorded at the end of the fiscal year, which is important for annual financial reporting.

Internal Controls

Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.