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4 years ago

When an economist says that a currency has become stronger he or she means that?

2 answers:

6 0

A strong currency occurs when the value of a country's currency has risen to a level against another currency that is near historically high exchange rates. This means that a currency is worth more relative to other currencies. Because most currencies are floating, their values vary according to market trends. When one unit of currency trades for more units of another, it is said to be a strong currency. The advantage of this is, travelers are able to go abroad while spending less of their money, also it makes exports more expensive in other countries.

Blababa [14]4 years ago

5 0

It can be exchanged for more of a foreign currency

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Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

KiRa [710]

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

5 0

3 years ago

Which type of lender is most likely to charge the highest interest rate?

jenyasd209 [6]

Answer:

Explanation:

Unlike the other options, <u>payday lenders</u> are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

4 0

2 years ago

A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.

Tom [10]

Answer:

By 186% the price of a dozen eggs rise.

Explanation:

Given that,

Cost in December 2000 = $0.96

Cost in December 2015 = $2.75

Average wage for December 2000 = $14.28 per hour

Average wage for December 2015 = $21.26

By considering these information, we are able to calculate the increase price percentage of a dozen eggs. The calculation is shown below:

= (December 2015 price - December 2000 price ) ÷ (December 2000 price) × 100

= ($2.75 - $0.96) ÷ ($0.96) × 100

= ($1.79) ÷ ($0.96) × 100

= 186%

Thus, by 186% the price of a dozen eggs rise.

4 0

3 years ago

Barnes Corporation purchased 75 percent of Noblesâ€™ common stock for $262,500, which was acquired at book value. The fair value

Wittaler [7]

Solution:

Barnes Corporation purchased 75 percent of Nobles’ common stock

During the year, Nobles reports net income of $40,000.

Hence, 75% of net income of Nobbles is attributable to Barnes Corporation.

Barnes reports for income from subsidiary prior to consolidation

= 40,000 x 75%

= $30,000

3 0

4 years ago

A roofing company would like to implement a new method for giving estimates. The owner has narrowed his choice to three differen

galben [10]

The estimators are the blocks in this study

Explanation:

An estimator is a law in statistics for estimating a calculation based on observed figures for a given amount, thereby differentiating the definition, the quantity of value and its consequence. There are estimators for point and time.

To order to measure the time, energy, equipment and function necessary to produce a commodity, constructing a building or provide a service, cost estimators must gather and analyse data. They typically work on a particular company or industry.

It can either be finite-dimensional (parametric and semi-parametric) or infinite-sized (semi-parametric / non-parametric).

3 0

3 years ago