Answers
Explanation:
trade deficite ingreasea
The correct phrase to complete the diagram is "Trade deficit increases". When the exchange rate increases, it means that the currency of the country becomes stronger relative to other currencies. Therefore, option B is correct.
What is an Exchange rate?An exchange rate refers to the value of one currency expressed in terms of another currency. In other words, it is the price of one currency in terms of another currency.
Exchange rates are used to convert one currency into another for a variety of purposes, such as international trade, investment, tourism, and remittance. Exchange rates are constantly fluctuating due to a variety of factors, including economic, political, and social factors, as well as supply and demand in foreign exchange markets.
Exchange rates can be expressed in two ways: direct quote and indirect quote. A direct quote expresses the value of one unit of a foreign currency in terms of the domestic currency, while an indirect quote expresses the value of one unit of the domestic currency in terms of the foreign currency.
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Related Questions
Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $8.5 per pound. If 2,100 units used 18,100 pounds, which were purchased at $8.93 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance
Answers
Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
= [tex](8.5-8.93)\times 18100[/tex]
= [tex]-0.43\times 18100[/tex]
= [tex]-7783[/tex] (Favorable)
(b)
The quantity variance will be:
= [tex](2100\times 9-18100)\times 8.5[/tex]
= [tex](18900-18100)\times 8.5[/tex]
= [tex]800\times 8.5[/tex]
= [tex]6800[/tex] (Unfavorable)
(c)
The cost variance will be:
= [tex](2100\times 9\times 8.5)-(18100\times 8.93)[/tex]
= [tex](160650)-(161633)[/tex]
= [tex]-983[/tex] (Favorable)
Larkspur, Inc. reports net income of $89,770 in 2017. However, ending inventory was understated by $7,100. Collapse question part (a) What is the correct net income for 2017
Answers
Answer:
$96,870
Explanation:
The understatement of ending inventory causes the cost of goods sold to be overstated and the gross and net income to be understated by the same amount.
If the 2017 ending inventory was understated by $7,100 then the correct net income figure for 2017 will be $7,1000 more that what was reported.
Therefore, 2017 corrected net income
= $89,770 + $7,100
= $96,870
The only aim of a firm's marketing objectives revolves around buying the right media at the right price. B. They are usually defined in terms of specific outcomes such as sales volume, market share, profits, or return on investment. C. They are stated only in a company's strategic action plan. D. They are statements of what various aspects of the IMC pro
Answers
Answer: B. They are usually defined in terms of specific outcomes such as sales volume, market share, profits, or return on investment.
Explanation:
Question asks which options is true about marketing objectives.
Marketing objectives are defined in such a way that the company is able to see what it is they hope to accomplish and whether the marketing campaign will be yield a positive return on the investment put in.
They would therefore like to see if the advertisements created higher sales volume, gave them a larger market share and/or gave them more profit. These will be the objectives of the marketing campaign and will help support the decision to engage more or less in marketing.
Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. Wichita Industries' had $12,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $50,000 and $100,000, respectively. What are the expected cash receipts for February from current and past sales
Answers
Answer:
$67,060
Explanation:
February collection :
February Sales = $100,000 x 10 % + $100,000 x 90 % x 30 % = $37,000
January Sales = $50,000 x 90 % x 50 % = $22,500
December Sales = $42,000 x 90 % x 20 % = $7,560
Total = = $67,060
therefore,
the expected cash receipts for February from current and past sales is $67,060
Given the following cash flows for a capital project for the Witter Corp., calculate its payback period and discounted payback period. The required rate of return is 8 percent. Cashflows: Year 0 = -50,000; Year 1 = 15,000; Year 2 = 15,000; Year 3 = 20,000; Year 4 = 10,000; and Year 5 = 5,000. The discounted payback period is
Answers
Answer:
4.01 years
Explanation:
The computation of the discounted payback period is shown below;
Given that
Required rate of return is 8%
Cashflows: Year 0 = -50,000;
Year 1 = 15,000;
Year 2 = 15,000;
Year 3 = 20,000;
Year 4 = 10,000;
and Year 5 = 5,000
As we can see from the attached table that approx in 4 years it could cover $49,975
So
the discounted payback period is
= 4 years + ($50,000 - $49,975.91) ÷ $3,402.92
= 4.01 years
Marsh Company had 150 units of product A on hand at January 1, year 2, costing $21 each. Purchases of product A during the month of January were as follows: Units Unit cost Jan. 10 200 $22 18 250 23 28 100 24 A physical count on January 31, year 2, shows 250 units of product A on hand. The cost of the inventory at January 31, year 2, under the LIFO method is
Answers
Answer:
$5,850
Explanation:
Calculation to determine what The cost of the inventory at January 31, year 2, under the LIFO method is
Using this formula
Cost of inventory= January 28 units * Cost per unit + Remaining units *Cost per unit
Let plug in the formula
Cost of inventory= 100 units * $24 + 150 units *$23
Cost of inventory= $2,400 + $3,450
Cost of inventory= $5,850
Therefore The cost of the inventory at January 31, year 2, under the LIFO method is $5,850
g reported pretax accounting income of $860 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $1,140 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be:
Answers
Answer: $380 million
Explanation:
To solve the question, first we have to calculate the depreciation that'll be reported for each year and this will be:
= $1140 million/3 years
= $380 million
Then, the deferred tax liability related to the excess depreciation will be:
= ($380 million × 30%) + ($380 million ×
35%) + ($380 million × 35%)
= $114m + $133m + $133m
= $380 million
New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
Answers
Answer:
Explanation:Answer:
The balance amount owned in six months is $ 46.8
Explanation:
Given as :
The price of new shoes = $85
The amount paid for the shoes = $ 40
The balance amount for the shoes = $85 - $40 = $ 45
The rate of interest = 8%
the time period = 6 months = 0.5 years
From simple method
Simple interest =
or, Simple interest =
Or, Simple interest = = $1.8
So, Amount = Principal + Interest
or, Amount = $45 + $1.8 = $ 46.8
The following information for Cooper Enterprises is given below: December 31, 2021Assets and obligations Plan assets (at fair value) $600,000 Accumulated benefit obligation 1,110,000 Projected benefit obligation 1,200,000Other Items Pension asset / liability, January 1, 2021 30,000 Contributions 360,000 Accumulated other comprehensive loss 503,700 There were no actuarial gains or losses at January 1, 2021. The average remaining service life of employees is 10 years. What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2021
Answers
Answer:
$600,000
Explanation:
Calculation to determine the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2021
Using this formula
Pension liability = Projected benefit obligation - plant asset at fair value
Let plug in the formula
Pension liability = $1,200,000 - $600,000
Pension liability = $600,000
Therefore the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2021 is $600,000
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.
b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain.
c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000.
Answers
Answer:
a. Increase $8,000
b. Increase $5,000
c. Decrease $16,000
Explanation:
We focus on Investment Activities only
Sale of a Truck
Sale of a Machine
Purchase of Stock Investment
Over the past several years, the beverage industry has been rapidly changing. New drinks are constantly being invented, and more and more companies are looking to market healthy drinks, with less sugar and fewer artificial sweeteners. This type of environment demands that a company have a structure that is more:
Answers
Answer:
Flexible
Explanation:
Flexible organisational structure is one that is informal and lacks management layers (flat structure).
This helps an organisation make decisions faster without waiting for approval at various levels of heirachy or departments within the organisation.
In the given scenario new drinks are constantly being invented, and more and more companies are looking to market healthy drinks, with less sugar and fewer artificial sweeteners.
Quick decisions on product change are needed and this is provided for by the flexible organisation structure.
A cost-of-living adjustment clause: a. is required in all government employee contracts. b. forces an employer to increase wages at the same rate of inflation. c. is not allowed for private employees. d. states that no raise can be less than the rate of inflation. e. forces an employer to increase wages at a rate higher than inflation.
Answers
Answer:
b. forces an employer to increase wages at the same rate of inflation
Explanation:
In the case when the employer wants to rise the wages but it would be increased at the similar inflation rate so this represent the clause of the living cost adjustment also the living cost adjustment would remain the same
Therefore according to the given situation, the option b is correct
And, the rest of the solutions are wrong
Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will: a. conduct an external wage survey. b. choose a grand strategy for his firm. c. search for the strengths, weaknesses, opportunities, and threats that impact his firm. d. develop a mission. e. do a cost/benefit analysis.
Answers
Answer:
c. search for the strengths, weaknesses, opportunities, and threats that impact his firm.
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
In this scenario, Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will search for the strengths, weaknesses, opportunities, and threats that impact his firm.
Additionally, SWOT analysis is a strategic technique which is used by various companies or business firms to plan through the identification of its strength, weakness, opportunities and threats in relation to its business.
A company acquired some land (independently appraised at $13,300) and paid for it by issuing 1,130 shares of its common stock (par $10 per share; no market price was quoted). How should this be reported on the statement of cash flows
Answers
Answer:
reported as a significant noncash investing and financing activities
Explanation:
Since the company purchased some land for $13,300and for the same it is paid 1130 shares for $10 per share
Now as we know that in the cash flow statement only cash transactions are involved but here no cash transaction is arised
So, it would be reported as a significant noncash investing and financing activities
Hilary had an outside basis in LTL General Partnership of $18,000 at the beginning of the year. LTL reported the following items on Hilary's K-1 for the year: ordinary business income of $13,000, a $18,000 reduction in Hilary's share of partnership debt, a cash distribution of $28,000, and tax-exempt income of $11,000. What is Hilary's adjusted basis at the end of the year
Answers
Answer:
$4,000 of capital gain leaving her with a $0 basis in her partnership interest.
Explanation:
Calculation to determine What is Hilary's adjusted basis at the end of the year
Ending adjusted basis =($18,000 + $13,000 + $11,000 - $18,000 - $28,000 = $(4,000) + $4,000 = 0).
Based on the above calculation Hilary's adjusted basis at the end of the year will be the amount of $4,000 of CAPITAL GAIN leaving her with a $0 BASIS in her partnership interest.
Cromwell manufactures specialty electronic circuitry through a unique photo-electronic process. One of the primary products, Model GT40, has a standard labor time of 0.5 hour and a standard labor rate of $7.00 per hour. During March, the following activities pertaining to direct labor for GT40 were recorded: Direct labor hours used 2,000 Direct labor cost $12,000 Units of GT40 manufactured 3,000 The Labor rate variance and Labor efficiency variance are: Select one:
Answers
Answer:
the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance
= $12,000 - (2000 × 7)
= $2000 F
And, the Labor efficiency variance is
= 7 × (2000 - 3000 × 0.5)
= $3500 U
Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
4. Which of the following statements about the relationship between interest rates and bond prices is true?
I. There is an inverse relationship between bond prices and interest rates
II. There is a direct relationship between bond prices and interest rates
III. The price of short-term bonds fluctuates more than the price of long-term bonds for a given change in interest rates. (Assuming that coupon rate is the same for both)
IV. The price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates. (Assuming that the coupon rate is the same for both)
Answers
Answer:
1 is correct .
Explanation:
when the cost of borrowing money rises bond price usually fall and vice versa.
one word for they have a higher than normal price to create an image of exclusivity
Answers
Answer:
Everything which is exclusive is always expensive the higher price but quality work to create an image can give you a better result you should not compromise with the quality of the image to fit it in your budget a good image can give you a better reputation in the market the experience ones should be chosen in this manner always
Explanation:
Net Income $1,200 ($500) $2,300 Net Cash Flows $500 $300 $2,800 Dividends $200 $0 $200 Issuance of Stock $2,000 $0 $0 The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
Answers
Answer:
$2,600
Explanation:
The computation of the balance of Retained Earnings at the end of 2018 is shown below;
= net income - dividend
= $1,200 - $500 + $2,300 - $200 - $0 - $200
= $2,600
We simply deduct the dividend amount from the net income so that the balance of the retained earning could come
Hearn Enterprises orally agreed to buy 100 turbines from Midwest Turbine, Inc. at a cost of $1,000 each (for a total contract price, therefore, of $100,000. Midwest sent 40 turbines and Hearn accepted the shipment, sending payment for $40,000. However, Hearn had its major client cancel a job, so they no longer needed the turbines. Hearn attempted to rescind, reasoning that because there was no writing and the contract fell within the Statute of Frauds they were not bound. A court would probably conclude: Group of answer choices
Answers
Answer: a. There was not an enforceable agreement. However under the UCC, part performance makes that portion of the agreement binding on Hearn. Hearn may not return the 40 turbines, but is not obligated to purchased the remaining 60.
Explanation:
The Statute of Frauds under the Uniform Commercial Code requires that for a contract with a value higher than $500 for goods to be enforceable, it needs to be in writing. This contract is therefore not enforceable.
However, there is an exception to this rule for performance or partial performance. If the parties have already partially completed the contract for instance, the completed portion is enforceable. The remaining portion however, is not, and therefore can be renegaded upon.
The returns from an investment are 3% in Year 1, 7% in Year 2, and 19.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Answers
Answer:
i hhhhhhh 136t8
Explanation:
dont kno
Geraldine, an attorney, rendered legal services in organizing an oil and gas partnership in the current year. Instead of submitting a bill for her services. Geraldine accepted a 10% capital interest in the partnership. Geraldine's normal charge for the services performed would have been $10,000. The fair market value of the 10% interest received by Geraldine was $12,000. How much should Geraldine report on her current year's income tax return
Answers
Answer:
Geraldine
The amount that Geraldine should report on her current year's income tax return as income from the above exchange is:
= $10,000.
Explanation:
a) Data and Calculations:
Geraldine's normal charge for the services performed = $10,000
The fair market value of the 10% interest received by Geraldine = $12,000
Geraldine's partnership interest = 10%
This is because $10,000 is also her basis in the partnership interest and not $12,000 the fair market value of the 10% interest.
Sarratt Corporation contribution margin ratio is 75% and its fixed monthly expenses are $55,000. Assume that the company's sales for May are expected to be $114,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.
Answers
Answer:
$30,500
Explanation:
Given that;
Sales revenue = $114,000
Variable costs = $114,000 × (1 - 75%)
= $114,000 × 0.25
= $28,500
Fixed costs = $55,000
Therefore, net operating income = Sales revenue - Variable costs - Fixed costs
= $114,000 - $28,500 - $55,000
= $30,500
The estimated net operating income for May is $30,500
Marketing Strategy Formulation
Goals indicate what a business unit wants to achieve; strategy answers how to get there.
Basic generic strategies
Overall cost leadership
The business works hard to achieve the lowest costs. The problem with this strategy is that other food trucks will usually emerge with still lower costs. The real key is for Chix and Waffles to achieve the lowest costs among those competitors adopting a similar differentiation or focus strategy.
Differentiation
The business concentrates on achieving superior performance in an important customer benefit area valued by a large part of the market(s).
Focus
The business focuses on one or more narrow market segments rather than going after a large market. The food truck gets to know the needs of these segments and pursues either cost leadership or a form of differentiation within the target segments.
Goal Formulation
Goals are listed hierarchically, from most to least important. State the objectives quantitatively with a time line and a due date. Your goal at this point of your business plan is to execute the business plan in order to achieve the budgeted profits by the end of the first quarter of re-opening.
Examples
Goal #1: Achieve budgeted profits of __________ by July 31, 2021.
Strategy #1 - How are you going to do it? Develop a statement or series of statements that tell how you are going to achieve profit. Use your cost control course or purchasing course to list a series of actions that will achieve the following costs.
Actions: Food cost: __________
Bar cost: ___________
Labor cost: _________
Strategy #2
Goal #2: Achieve budgeted sales of __________ by July 31, 2021.
Strategy #1 - How are you going to do it? Develop a statement around one of the three generic strategies listed above.
Actions: Achieve cost leadership of our direct competition through ________________ (use of publicist, advertising, promotions, TV, etc.).
Strategy #2
Goal #3: Execute cultural values to embrace market to build concept loyalty and build repeat customer trial to 12 visits per quarter by July 31, 2021.
Strategy #1 – How are you going to establish a guest list and measure repeat patronage?
Actions:
Answers
Answer:
Marketing Strategy Formulation
Goals indicate what a business unit wants to achieve; strategy answers how to get there.
Basic generic strategies
Overall cost leadership
The business works hard to achieve the lowest costs. The problem with this strategy is that other food trucks will usually emerge with still lower costs. The real key is for Chix and Waffles to achieve the lowest costs among those competitors adopting a similar differentiation or focus strategy.
Differentiation
The business concentrates on achieving superior performance in an important customer benefit area valued by a large part of the market(s).
Focus
The business focuses on one or more narrow market segments rather than going after a large market. The food truck gets to know the needs of these segments and pursues either cost leadership or a form of differentiation within the target segments.
Goal Formulation
Goals are listed hierarchically, from most to least important. State the objectives quantitatively with a time line and a due date. Your goal at this point of your business plan is to execute the business plan in order to achieve the budgeted profits by the end of the first quarter of re-opening.
Examples
Goal #1: Achieve budgeted profits of __________ by July 31, 2021.
Strategy #1 - How are you going to do it? Develop a statement or series of statements that tell how you are going to achieve profit. Use your cost control course or purchasing course to list a series of actions that will achieve the following costs.
Actions: Food cost: __________
Bar cost: ___________
Labor cost: _________
Strategy #2
Goal #2: Achieve budgeted sales of __________ by July 31, 2021.
Strategy #1 - How are you going to do it? Develop a statement around one of the three generic strategies listed above.
Actions: Achieve cost leadership of our direct competition through ________________ (use of publicist, advertising, promotions, TV, etc.).
Strategy #2
Goal #3: Execute cultural values to embrace market to build concept loyalty and build repeat customer trial to 12 visits per quarter by July 31, 2021.
Strategy #1 – How are you going to establish a guest list and measure repeat patronage?
Actions:
What is the answer to George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part of the market research process?
Answers
In January, 2018, ABC. sells a gift card for $50 and receives cash. In February, 2018, the customer comes back and spends $20 of their gift card on a water bottle. What would be the appropriate journal entry for the purchase of the water bottle?3
Answers
Answer and Explanation:
The journal entry to record the purchase of the water bottle is shown below:
Deferred Revenue $20
To Sales Revenue, $20
(being the purchase of the water bottle is recorded)
The deferred revenue is debited as it decreased the liability and the sales revenue is credited as it increased the revenue
The above journal entry should be recorded
When an interviewer says, “Tell me about yourself,” you should feel free to talk openly about your personal life.
False
True
Answers
Answer:
False
Explanation:
You should tell them about your personality and how others see you. Take for example your strengths and weaknesses as a person, or about your traits. If they ask you about your personal life keep it brief, they don't need too much info about that rather a small aspect of it.
Answer:
TRUE
Explanation:
Net credit sales $120,000 Average accounts receivable 20,000 Cash collections on credit sales 100,000 What is the receivables turnover ratio
Answers
Answer:
6:1
Explanation:
Net credit sales is $120,000
Account receivable is $20,000
Cash collection on credit sales is $100,000
.
Therefore the receivables turnover ratio can be calculated as follows
= 120,000/20,000
= 6:1
Hence receivable turnover ratio is 6:1
An outside supplier has offered to make the part and sell it to the company for $29.80 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part U16 could be used to make more of one of the company's other products, generating an additional segment margin of $25,000 per year for that product. The annual financial advantage (disadvantage) for the company as a result of buying part U16 from the outside supplier should be:
Answers
Answer:
-$79000
Explanation:
The computation of the annual financial advantage (disadvantage) is shown below;
Particulars Per unit Total 13000 units
Make Buy Make Buy
Direct materials 2.90 37700
Direct labor 7.50 97500
Variable manufacturing
overhead 8.00 104000
Supervisor's salary 3.40 44200
Contribution margin 25000
Purchase cost 29.80 387400
Total 308400 387400
Now the finacial disadvantage is
= 308400 - 387400
= -$79000
After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank & Trust, one joint account with a balance of $54 comma 158 and two individual accountsminus his has a $140 comma 022 balance and hers has a $253 comma 255 balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts?
Answers
Answer:
Tony $140,022 account balance fully covered
Cynthia account balance exceeded the insurance limit by $3,255
Explanation:
Based on the information given Tony account balance of the amount of $140,022 is fully covered since it is their joint account of the amount of $54,158 which means that the amount of FDIC coverage which full meaning FEDERAL DEPOSIT INSURANCE CORPORATION that Tony have on their account balance will be the amount of $140,022 since the joint accounts are under the $250,000 FEDERAL DEPOSIT INSURANCE CORPORATION (FDCI) limit while Cynthia account balance on the other hand exceeded insurance limit by the amount of $3,255 calculated as ($253,255-$250,000) which means that their money would be covered only when Cynthia transfer some of the money into their joint account.