Answer:
the six month euro interest rate is 1.36%
Explanation:
Spot exchange rate: 1.4 USD/ EUR
6 month forward rate: 1.3950 USD/EUR
Domestic interest rate: 1% pa
Foreign interest rate: the six month euro interest rate?
We have the formula:
Forward rates = Spot rate * (1+domestic interest rate)/(1+foreign interest rate)
⇔ 1.3950 = 1.4 *(1+1%)/(1+foreign interest rate)
⇔ 1+foreign interest rate = 1.4 *(1+1%)/1.3950
⇔foreign interest rate = 1.01362 - 1 = 0.01362
⇒ the six month euro interest rate is 1.36%
The answer is b I’m pretty sure
Answer:
Results are below.
Explanation:
Giving the following information:
Predetermined overhead rate= $18.00 per direct labor-hour
Direct labor wage rate= $12.00 per hour.
Job A-500
Direct materials $220
Direct labor $60
<u>First, we need to calculate the direct labor hours:</u>
Direct labor hours= 60/12= 5
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 18*5
Allocated MOH= $90
<u>Finally, the unit cost:</u>
<u></u>
Total cost= 220 + 60 + 90= $370
Unit cost= 370/60
Unit cost= $6.17
Answer:
If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:
D. in United States Tax Court, since the dispute involves a tax matter.
Explanation:
The United States Tax Court is the federal trial court of record for tax disputes. It is like a tribunal, which is inferior to the Supreme Court. It was established by Congress, under Article I of the Constitution in 1969, to hear tax matters and adjudicate tax disputes. Appeals are made directly, from this court, to the appeal court, before the matter can be dragged to the US Supreme Court.
