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Leona [35]
2 years ago
9

An increase in the current account deficit will place _______ pressure on the home currency value, other things equal.

Business
1 answer:
Sindrei [870]2 years ago
4 0

When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.

<h3>What happens when there is a current account deficit?</h3>

A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.

What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.

This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.

In conclusion, there will be downward pressure.

Find out more on the current account at brainly.com/question/22333470

#SPJ1

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Bundles of cedar shakes produced and sold 360,000 Sales revenue $ 2,412,000 Variable manufacturing expense $ 1,170,000 Fixed man
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Answer:

0.343

Explanation:

Calculation for what The company's contribution margin ratio is closest to

First step is to calculate the Contribution margin using this formula

Contribution margin = Sales – Variable expenses

Let plug in the formula

Contribution margin= $2,412,000 – ($1,170,000 + $414,000)

Contribution margin= $2,412,000 – $1,584,000

Contribution margin= $828,000

Now let calculate the Contribution margin ratio using this formula

Contribution margin ratio = Contribution margin ÷ Sales

Let plug in the formula

Contribution margin ratio = $828,000 ÷ $2,412,000

Contribution margin ratio =0.343

Therefore The company's contribution margin ratio is closest to 0.343

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Purchases Budget for January   238,590   units  

Purchases Budget for February   233,131 units

Dollar Purchases Budget for January    $ 477,180

Dollar Purchases Budget for February    $ 466,264

Explanation:

<u><em> Patrick Inc.</em></u>

<u><em>Direct Materials Purchases Budget - </em></u>

                                            January           February

Production in units             43,800              41,000

<u>Gallons per unit                  5.5                         5.5 </u>

<u>Gallons for production    240,900             225,500 </u>

Desired ending inventory 33,825                 41,456

<u>Needed                            274,725              266,956 </u>

Less: Beginning inventory 36,135                 33,825

Purchases                         238,590               233,131

Price per gallon                   $ 2.00                  $ 2.00

<u>Dollar purchases               $ 477,180            $ 466,264</u>

<u></u>

Direct Materials Purchases budget is calculated by calculating the gallons per unit which is added to desired ending inventory and beginning inventory is deducted. The purchases units are multiplied with price per unit.

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