Describe a Frequency Distribution,what It Is Used For,how It Is

question 67

Essay

Describe a frequency distribution,what it is used for,how it is constructed,and two ways that it can be shown graphically.

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Definitions:

Local Currency

The currency of the country in which the foreign operation is based.

Spot Exchange Rate

The exchange rate at a point of time for immediate delivery of the currency in an exchange.

Presentation Currency

The currency in which a company's financial statements are presented, typically the national currency of the country where the company is headquartered.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used in preparing financial statements.