Answer:
a. A Japanese firm sells its U.S. government securities to obtain funds to buy real estate in Japan.
This contributes to the demand for yen
b. A U.S. import company pays for glassware purchased from a small Japanese producer.
This contributes to the demand for yen
c. A U.S. farm cooperative receives payment from a Japanese importer of U.S. oranges.
This contributes to the supply of yen for foreign exchange
d. A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange.
This contributes to the demand for yen
Explanation:
Answer:
Lopezâs bonus expense is computed as $40,777. Therefore,
The Journal entries are as follows:
(i) On December 31,
Employee bonus expense A/c Dr. $40,777
To Bonds payable A/c $40,777
(To record the bonus due)
(ii) On January 19,
Bonds payable A/c Dr. $40,777
To Cash A/c $40,777
(To record the payment of the bonus to employees.)
Based on the information given the predetermined overhead rate is 31.89 per direct labor hour.
<h3>Predetermined overhead rate</h3>
Using this formula
Predetermined Overhead rate = Estimated manufacturing overhead / Estimated total labor hours
Let plug in the formula
Predetermined Overhead rate = [$1,026,260 + (46,000×6.25)] / 41,200
Predetermined Overhead rate =1,313,760/ 41,200
Predetermined Overhead rate = 31.89 per direct labor hour
Inconclusion the predetermined overhead rate is 31.89 per direct labor hour.
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Answer:
X = 325 cars will yield same profit in both locations
Explanation:
Location City Outskirts
Dealer Price $ $
(98 x 330) 32340 32340
Labour,Material
and Transportation Cost
($30/car x 330 cars) (9900)
( $38/car x 330 cars) (12540)
<u>Fixed Cost (6950) (4350)</u>
Profit 15,490 15450
City will yield greatest profit if monthly demand is 330 cars
Location City Outskirts
Dealer Price $ $
(98 x 430) 42,140 42,140
Labour,Material
and Transportation Cost
($30/car x 430 cars) (12900)
( $38/car x 430 cars) (16340)
<u>Fixed Cost (6950) (4350)</u>
Profit 22,290 21450
City will yield greatest profit if monthly demand is 430 cars
b)
let X be the volume of output for both sites to yield same profit
City
Dealer Price = 98X
Labour, material and transportation= 30X
Fixed cost = 6950
Profit = 98X-(30X+6950)
Outskirts
Dealer Price = 98X
Labour,Material and transportation = 38X
Fixed Cost = 4350
Profit = 98X-(38X+4350)
Both Profits are same therefore
98X-30X-6950 = 98X-38X -4350
-30X+38X = -4350+6950
-8X = 2600
X = 325 cars will yield same profit in both locations
