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It would seem that the greatest impact on us of having undervalued the Chinese economy is in the hindsight of knowing that we could have made a steeper profit off of what limited exports we have been sending them.
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∙ 12y ago
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What currency for Chinese?
The renminbi is the official currency of the People's Republic of China.It is more commonly known outside China as the Yuan. (Similar to British currency being known as Sterling and the Pound)The International currency code is CNY
What is the effect on net profit if opening stock is undervalued?
If Opening Stock is undervalued, this will result in your Cost of Sales being understated and therefore Gross and Net Profit being overstated. Of course, since Opening Stock in this period is the last period's Closing Stock, this would mean that Closing Stock in the last period was understated too, meaning that Net Profit in the last period was understated. That doesn't make it OK though!
How much is 1142 USD in Chinese renminbi?
I'd never heard of the currency - HOWEVER - the currency website 'Xe' quotes 1142 USD as being worth 7013.71 CNY. CNY is the code for the Renminbi. See related link to get an up to date conversion.
What is the basic monetary unit of japan?
The currency used in Japan is the Japanese yen.The smallest coin is 1 yen, the largest bank note is 10,000 yen.The international trading code is JPY.
What is the exchange that is done with foreign money?
A wide variety of foreign money is exchanged. It really depends on what currency is being used, and how much of that currency is being used, and the value of that particular currency.
Where do the money if it is not being used?
When a currency is no longer being used that money (most of it) is melted and used again to produce new currency
What currency is used in tenerife?
Due to Tenerife being a part of Spain, the currency is the Euro.
How did Confucianism effect Chinese government?
It changed relationships. Family roles were stressed with the male being the leader thus once again treating women unequally.
What do you mean by currency in circulation?
Currency in circulation is reffering to the money being used currently. The money you give to and get from anywhere is "circulated" currency
What currency is being used in the US?
The official currency of the United States is the US dollar.The international currency code is USD.
Can i change Pokemon and all anime from being Japanese to Chinese I mean i am not going to stand for it being Japanese can i change it to Chinese or do something i can do to make it Chinese?
No. No.
What is Brazil's moeny?
Brazil's currency is the Real (plural being Reais). The symbol used for the currency is R$.
