John Pablo Works in the Accounting Department of a Multinational

question 42

Multiple Choice

John Pablo works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.His responsibilities are part of the company's

• A)revenue cycle.
• B)expenditure cycle.
• C)financing cycle.
• D)production cycle.

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Definitions:

Importers

Businesses or individuals that buy goods or services from abroad for sale in their own country, contributing to cross-border trade dynamics.

Exporters

Companies or individuals that sell goods and services produced in one country to buyers in other countries.

Foreign Exchange Market

The market where one country’s currency is traded for another’s.

Spot Exchange Rate

The exchange rate on a spot trade.