Which of these names is the best for a clothing brand?

The Bretton woods system of exchange rates relied on A. Fixed exchange rates with no mechanism for changing them. B. Fixed or pe

aleksklad [387]

The Bretton woods system of exchange rates relied on <u>"fixed or pegged exchange rates, with occasional orderly adjustments to the rates."</u>

The Bretton Woods arrangement of money related administration built up the rules for business and monetary relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods framework was the principal case of a completely arranged financial request expected to administer money related relations among free states. The central highlights of the Bretton Woods framework were a commitment for every nation to embrace a fiscal approach that kept up its outer trade rates inside 1 percent by binds its money to gold and the capacity of the IMF to connect transitory uneven characters of installments. Likewise, there was a need to address the trouble among different nations and to anticipate focused depreciation of the monetary forms also.

6 0

3 years ago

A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals:

Margaret [11]

Answer: 1.27

Explanation:

The acid test ratio of a company measure how well a company would be able to pay off its current liabilities using its most liquid current assets (current assets less inventory).

= (Cash + Accounts Receivable) / Current liabilities

= (40,000 + 55,000) / 75,000

= 95,000 / 75,000

= 1.27

8 0

3 years ago

Star Corp. reported pretax net income from continuing operations of $1,000,000. Tax depreciation exceeded book depreciation by $

anastassius [24]

Answer:

Star Corp

A.

Pretax net income from continuing operations = $1,000,000

Add Accrued Vacation $50,000

Deduct additional Tax Depreciation $100,000

Deduct Dividend received deductions $150,000

Net Taxable Income = $800,000

Income Tax expenses = 21% x $800,000 = $168,000

Income tax Expense provision based on book Net income = 21% x $1,000,000 = $210,000

Income tax benefit = $168,000 minus $210,000 = $42,000 (benefit)

B.

Deferred income tax expense =

Income tax Provision = $210,000

Less income tax expense = $168,000

Differed income tax (benefit) = $42,000

C.

Reconciliation

Book Net income = $1,000,000

Tax rate = 21%

Tax expense provision = $210,000...(a)

Pretax net income from continuing operations = $1,000,000

Add Accrued Vacation $50,000

Deduct additional Tax Depreciation $100,000

Deduct Dividend received deductions $150,000

Taxable Net income (adjusted) = $800,000

Tax rate = 21%

Tax expense provision = $168,000......(b)

Difference (a) minus (b) = $42,000 . This is a benefit to the firm (star corp) because its actual tax liability is less than what it provided for because of net deductibles not accounted for in its income statement.

5 0

3 years ago

Current operating income for Bay Area Cycles Co. is $34,000. Selling price per unit is $100, the contribution margin ratio is 25

leonid [27]

Answer:

break even point in unit =5440 units

break even point in sales = $544000

total sale = $680000

Explanation:

given data

Current operating income = $34,000

Selling price = $100

margin ratio = 25%

to find out

Bay Area Cycle’s break even point in units and total sales dollars

solution

we get here first break even point that is express as

break even point in unit = $\frac{fixed\ cost}{contribution\ per\ unit}$ ..................1

break even point in unit = $\frac{136000}{100*0.25}$

break even point in unit =5440 units

so

break even point in sales = $\frac{fixed\ cost}{margin\ ratio}$ ..................2

break even point in sales = $\frac{136000}{0.25}$

break even point in sales = $544000

and

total sales will be

total sale = $\frac{operating\ income+ fixed\ expense}{margin\ ratio}$ ..................3

total sale = $\frac{34000+136000}{0.25}$

total sale = $680000

3 0

3 years ago

A U.S.-owned car factory in Mexico produces $5 million of cars. $2.5 million of these cars are sold in Mexico and the other $2.5

Dahasolnce [82]

Answer:

The amounted contributed to U.S.GDP is $2 million

Explanation:

First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.

On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m

7 0

3 years ago