Answer:
The floating exchange system
Explanation:
The floating exchange rate is a system where the Forex market determines the currency price of a country relative to other currencies. The forces of demand and supply drive the prices.
In the floating exchange system, governments do not directly fix their exchange rates as they do in the fixed-exchange-rate. However, through central banks' monetary policies, governments try to keep their currency prices competitive for international trade.
Answer:
Mark-up percentage= 87.55%
Explanation:
Giving the following information:
Purchased price= $15.99
Selling price= $29.99
<u>To calculate the mak up percentage, we need to use the following formula:</u>
Mark-up percentage= [(selling price - purchase price)/purchase price]*100
Mark-up percentage= [(29.99 - 15.99)/15.99]*100
Mark-up percentage= 87.55%
I'd say that D. all of the above would result in a positive net worth. So, lowering mortgage by $1,000, increasing investment fund by $500, and a<span>dding $100 to savings.</span>
Answer:
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Explanation:
Since we were told that On October 4, Carr made a return of some of the merchandise in which the merchandize selling price was the amount of $500 while the cost of the merchandise returned was the amount of $350. This means that the Journal entry or entries in which Mutch must make on October 4 will be :
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Answer:
$5,624
Explanation:
Data provided in the question:
Reported schedule C net profits = $5,624
Health insurance premiums paid = $7,545
Long-term care insurance premiums paid = $600
Now,
The total health care premium
= Health insurance premiums paid + Long-term care insurance premiums paid
= $7,545 + $600
= $8,145
But Serena's health care deduction is limited Reported schedule C net profits
Therefore,
Serena’s self-employed health care deduction will be $5,624