When a nation's currency appreciates that means there is an increase in the exchange rate. It would result to cheaper imports and lower inflation rates which would be advantageous to those countries who are importing goods. While a weak currency would be better for an economy that's exporting goods to other countries.
Answer:
things that people are into or enjoy doing.
Explanation:
also known as hobbies or skills
A cost incurred in the past that is not relevant to any current decision is classified as a(n): Sunk costs
This is further explained below.
<h3>What are
Sunk costs?</h3>
Generally, A cost that has already been incurred but cannot be recouped is referred to as a "sunk cost" in economics and the process of making business decisions. In contrast to sunk costs, prospective costs are future expenses that might be avoided if action is done, while sunk costs have already been incurred.
In conclusion, A cost that was incurred in the past but is not relevant to any choice that is being made at this time is considered to be a(n): Incurred expenses
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Answer:
Reduction in work in progress = $7500
Explanation:
given data
time = 10 hours
time = 15 hours
worth = $1,500
to find out
reduction in work in process value
solution
we find work in progress by this formula
work in progress = Flow rate × Cycle Time .......................1
so Initial work in progress is
Initial work in progress = (1 per hour) × 10 hours = 10
and Final work in progress is here
Final work in progress = (1 per hour) × 15 hours = 15
so
Initial work in progress value = 10 × 1500
Initial work in progress value= $15000
and
Final work in progress value =15 × 1500
Final work in progress value = $22500
so
Reduction in work in progress = $22500 - $15000
Reduction in work in progress = $7500
Answer:
a) Operating income - $33,800
Explanation:
<em>The flexible budget would be prepared for a different activity level of 6,300 production units but using the assumptions of the fixed budget</em>
$
Sales revenue - ($7× 6,300 units ) : 44,100.00
Less Variable cost - ($1 × 6,300 units ) : <u>( 6,300)</u>
Contribution 37,800
Less Fixed costs <u>(4,000)</u>
<u>33,800</u>
<em>Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.</em>
