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3 years ago

How is the exchange rate determined in a fixed exchange rate system. (Economics)

1 answer:

6 0

In a fixed-exchange rate system, one country's exchange rate is determined by <u>comparing</u> it to another country's rate (or to the value of gold). The purpose of this is to explain one currency in terms of another that is more stable in order to make investments and values more rational and predictable.

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Last year, Bad Tattoo Co. had additions to retained earnings of $4,780 on sales of $95,560. The company had costs of $75,720, di

fredd [130]

Answer:

e. $6,042

Explanation:

Net income of Bad tattoo co. = Addition of retained earnings + Dividends

= $4,780 + $2,980

= $7,760

Income before tax of Bad tattoo Co = Net income / (1-tax rate)

= $7,760 / (1-34%)

= $7,760 / 0.66

= $11,758

But,

Income before tax = Sales - Costs

- Depreciation expense - Interest expense

$11,758 = $95,560 - $75,720 - Depreciation expense - $2,040

$11,758 = $19,840 - Depreciation expense - $2,040

Depreciation expense = $19,840 - $11,758 - $2,040

Depreciation expense = $6,042

8 0

3 years ago

Education is the basic requirement for profession.Explain this statement

True [87]

Answer:

The answer is below

Explanation:

Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.

For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.

Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.

For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.

5 0

3 years ago

Pega if report is created in myco-hr-selfservice-work, what instances will the report return?

Yakvenalex [24]

Since a subclass can inherit the variables or methods of the superclass, the instances which the report will return is: B. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense.

<h3>What is a class?</h3>

A class can be defined as a user-defined blueprint (prototype) or template that is typically used by software programmers to create objects and define the data types, categories, and methods that should be associated with these objects.

In object-oriented programming (OOP) language, an object class represents the superclass of every other classes when using a programming language such as Java. Also, the superclass is more or less like a general class in an inheritance hierarchy.

Since a subclass can inherit the variables or methods of the superclass, the instances which the report will return is "MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense" because they are declared within the class group.

Read more on object class here: brainly.com/question/27999316

#SPJ1

Complete Question:

Consider the following Work-derived classes that belong to the same class group:

MyCo-HR-SelfService-Work

MyCo-HR-SelfService-Work-TimeOff

MyCo-HR-SelfService-Work-Expense

There are no instances of MyCo-HR-SelfService-Work.

If a report is created in MyCo-HR-SelfService-Work, what instances will the report return?

Group of answer choices.

A. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense, only if the "Report on Descendant Class Instances" checkbox is selected

B. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense

C. No records

D. Instances of all Work- derived classes

5 0

2 years ago

n investor has $100,000 invested in an account that earns 5% annually. The investor wishes to withdraw $12,000 per year. If the

lawyer [7]

Answer:

11 years

Explanation:

For computing, the number of years or the account will be fully depleted we need to apply the NPER formula i.e to be shown in the attachment below:

Given that,

Present value = $100,000

Future value = $0

PMT = $12,000

Rate of interest = 5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years in which the account is depleted is 11 years

3 0

3 years ago

81. After the secondary guaranteed rate expires, some contracts contain a bailout

igor_vitrenko [27]

75% is the best answer

3 0

4 years ago

How is the exchange rate determined in a fixed exchange rate system. (Economics)​

How is the exchange rate determined in a fixed exchange rate system. (Economics)