All categories

3 years ago

Why might a broker look at world news and financial data?

1 answer:

5 0

Brokers are the people who invest in worlds largest financial market which is know as the Foreign Exchange or Forex Market.

Brokers deal in buying and selling of different products like currencies, commodities, stocks, etc. They predict the trends for specific currency or commodity and then decides whether to buy it or sell it on the basis of their analysis.

To be fully aware of the trends of the specific product, they analyze the factors or news or financial decisions of the economies that can affect the buying or selling pattern of that product. That is why they have to look at the world's news and financial data of the big giant economies like US, Europe, UK, Japan, etc.

You might be interested in

Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced and used e

ad-work [718]

Answer:

Financial disadvantage of 138,600

Explanation:

$\left[\begin{array}{cccc}&produce&buy&Differential\\$Purchase&&-447,000&-447,000\\$Avoidable\: Cost&-283,400&0&283,400\\$Unavoidable\: Cost&-114,400&-114,400&0\\$Total Cost&-397,800&-561,400&-163,600\\$additional segment&0&25,000&25,000\\$Net Effect&-397,800&-536,400&-138,600\\\end{array}\right]$

The allocate cost and teh depreciation cost will be unavoidable, so should be considered as a cost for the purchase option

Also the inocme from teh additional segment is only considered for the purchase option

<u>The avoidable cost will be:</u>

Direct Materials

Direct Labors

Variable overhead

Supervisor

Thse cost are zero in the purchase escenario

4 0

3 years ago

Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B

pickupchik [31]

Answer:

Break-even point in units= 33,333.33 units

Explanation:

<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>

The beak-even point can be determined as follows:

The Break-even point in sales = Total general fixed cost / Contribution per unit margin

Contribution per unit = Contribution margin ration × selling price

= 40%×11.25 =4.5

The break-even point (in unit) = 150,000/ 4.5 =33,333.33

break-even point in units= 33,333.33 units

3 0

3 years ago

How much total depreciation and amortization expense did Patnode record during 2015?

Oxana [17]

Answer:

d. $5,000

Explanation:

Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:

total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000

3 0

3 years ago

What is a knowledge worker? What HRM changes can be expected in dealing with knowledge workers with respect to recruiting, selec

weqwewe [10]

<h2>Knowledge worker make difference by thinking in a variety of way.</h2>

Explanation:

Rather than regular worker who do manual work / routine work / physical work, Knowledge worker are those who always thinks in variety of ways to solve complex issues, create new products and take company in a different route of success which can be achieved with ease.

The HR should play a major role in motivating knowledge workers by,

providing flexible-timings
Provide additional allowances
Bonus on fixing complex issues / finding new products
Awards & other mode of appreciation on achievement

4 0

3 years ago

The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road

Mice21 [21]

Answer:

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2. The government grant received will be recorded as :

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

6 0

3 years ago