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Angelina_Jolie [31]

1 year ago

6

With regard to the current exchange rate arrangement between italy and germany, it is best characterized as?

1 answer:

Ira Lisetskai [31]1 year ago

3 0

With regard to the current exchange rate arrangement between Italy and Germany, it is best characterized as C) an exchange arrangement with no separate legal tender.

In a floating regime, trade costs are generally decided via the market forces of delivery and demand for foreign exchange. for many years, floating exchange costs were the regime utilized by the arena's foremost currencies – this is, the us dollar, the euro region's euro, the Japanese yen, and the United Kingdom pound sterling.

A fixed or pegged price is determined by the authorities through its important bank. The rate is set towards every other essential world currency (together with the U.S. greenback, euro, or yen). To maintain its exchange rate, the authorities will buy and sell its very own forex in opposition to the currency to which it's far pegged.

Exchange rates are decided through elements, along with interest costs, self-assurance, the modern account on stability of payments, economic growth, and relative inflation fees.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: With regard to the current exchange rate arrangement between Italy and Germany, it is best characterized as:

A) independent floating (market-determined).

B) managed float.

C) an exchange arrangement with no separate legal tender.

D) pegged exchange rate within a horizontal band.

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The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:

FromTheMoon [43]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information

Sales $7,270,000
Gross profit 1,450,000
Indirect labor 330,000
Indirect materials 195,000
Other factory overhead 90,000
Materials purchased 5,100,000
Total manufacturing costs for the period 6,170,000
Materials inventory, end of period 480,000

Step 2. Calculation according to the following formulas.

a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000

b. Direct materials cost = 5100000-195000-480000= $4425000

c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000

7 0

3 years ago

William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions an

Pavel [41]

Answer: D. make a conscious choice to do so

Explanation:

Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.

Option A is wrong as getting promoted so he can delegate more of his work doesn't guarantee him that he'll relax more and enjoy right livelihood. When he's promoted, he'll have more work and this means that there'll be more responsibility. This will hinder him from enjoying right livelihood.

Option B and C are wrong as well as losing weight and getting in better shape and also de-emphasize the spiritual side of his life doesn't make one enjoy right livelihood.

Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.

5 0

3 years ago

Momentous Occasions is a photography business that shoots videos at college parties. The freshman class pays $1,000 in advance

Viefleur [7K]

Answer:

a. Considering the $1,000 paid by the freshman class,

Revenue earned on April 2

Did the earnings occur on the same date the cash was received No

b. Considering the $4,100 paid by the sophomore class,

Revenue earned on April 2

Did the earnings occur on the same date the cash was received No

Explanation:

a. Considering the $1,000 paid by the freshman class, on what date was revenue earned? Did the earnings occur on the same date the cash was received?

Revenue According to IFRS 15 is earned when earnings occur on the same date the cash was received when Momentous Occasions (the entity) transferres goods or services to the customer ( freshman class)

Thus $1,000 paid by the freshman class on March 3 is a Deferred Revenue. Earnings did not occur on the same date the cash was received.

Revenue occured when Momentous Occasions (the entity) transferred goods or services to freashman class on April 2

b. Considering the $4,100 paid by the sophomore class, on what date was the revenue earned? Did the earnings occur on the same date cash received?

Revenue According to IFRS 15 is earned when earnings occur on the same date the cash was received when Momentous Occasions (the entity) transferres goods or services to the customer ( freshman class)

Revenue occured when Momentous Occasions (the entity) transferred goods or services to freashman class on April 2

The $4,100 paid by the sophomore class on February 28 is payment for services rendered by Momentous Occasions on party held on April 2.

Thus Earnings did not occur on the same date the cash was received.

5 0

3 years ago

Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of

vova2212 [387]

Answer and Explanation:

1. The computation of overhead rate based on direct labor cost is shown below:-

Overhead rate = Overhead applied × 100 ÷ Direct labor cost

= 888 × 100 ÷ 1,200

= 74%

2. The Preparation of job-order cost sheet for the four jobs is shown below:

Particulars Job 86 Job 87 Job 88 Job 89

Beginning balance $6,888 $6,820

Direct materials $3,000 $7,000 $2,100 $1,500

Direct labor $800 $6,000 $900 $500

Applied overhead

is 74% of direct labor $592 $4,440 $666 $370

Total $11,280 $24,260 $3,666 $2,370

3. The computation of ending balances of Work in Process and Finished Goods is shown below:-

Work in process of Job 88 = $3,666

Finished goods = Total of Job 86 + Total of Job 89

= $11,280 + $2,370

= $13,650

4. The computation of the Cost of Goods Sold for March is shown below:-

Cost of goods sold is

= Job 87

= $24,260

7 0

3 years ago

On december 1, milton company borrowed $480,000, at 8% annual interest, from the tennessee national bank. interest is paid when

Vlad [161]

Debit Interest Expense [$480,000 x 8% x 360/360] = $38,400.00
<span>Credit Interest Payable = $38,400.00</span>

5 0

3 years ago

Read 2 more answers