As a Business Owner in the United States Exporting Goods

question 119

Short Answer

As a business owner in the United States exporting goods to Japan,which currency do you prefer to be strong-the dollar or the yen?
Why?

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Definitions:

Control Accounts

General ledger accounts that summarize the details of transactions recorded in subsidiary ledgers.

Cash Purchase

A transaction where goods or services are bought and paid for with physical currency at the time of purchase.

Inventory

Inventory encompasses the raw materials, work-in-progress goods, and the finished products that a company holds with the intention of selling them to earn revenue.

Multi-Column Purchases Journal

A specialized accounting journal that records the purchase transactions of a business in multiple columns for different types of purchases.