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4 years ago

Buying lunch at work or school is a flexible expense. True or False

Business

1 answer:

vladimir2022 [97]4 years ago

5 0

True, Because you can always bring your own lunch to School/Work that would most likely be less expensive.<span />

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The current spot exchange rate is $1.55/£ and the three-month forward rate is $1.50/£. Based on your analysis of the exchange ra

Misha Larkins [42]

Answer:

b. Buy £1,000,000 forward for $1.50/£.

Explanation:

Let's say for instance, we agree to make purchase of €1,000,000 and then forward for $1.50/€ and we assume that the price turns out to become $1.62/€ in three months time, the expected profit will be $12,000 = €1,000,000 ($1.62 - $1.50)As we can see, answer d looks convincing from an accounting standpoint, but it is wrong because the question asks us to make money with a forward contract, not by holding a particular spot. The correct option should be option b.

4 0

3 years ago

On June 10, Concord Corporation purchased $8,050 of merchandise on account from Sarasota Company, FOB shipping point, terms 1/10

mariarad [96]

Explanation:

The journal entries are as follows in the books of Concord Corporation

On June 10

Merchandise inventory A/c Dr $8,050

To Account payable A/c $8,050

(Being the inventory is purchased on account)

On June 11

Merchandise inventory A/c Dr $510

To Cash A/c $510

(Being freight is paid by cash)

On June 12

Accounts payable A/c Dr $450

To Merchandise Inventory A/c $450

(Being goods returned is recorded)

On June 19

Accounts payable A/c Dr $7,600 ($8,050 - $450)

To Cash A/c $7,524 ($7,600 × 1%)

To Merchandise Inventory A/c $76

(Being payment is recorded)

6 0

3 years ago

The Nelson Company has $1,522,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $395,000

Pie

Answer:

$308,750

Explanation:

Current ratio = Current asset / Current liabilities

To get the short term debt increase, to the value of current assets and current liabilities, an amount must be added whereas the result must be 2.2

1,522,500 + y / 525,000 + y = 2.2

1,522,500 + y = 2.2 × (525,000 + y)

1,525,500 + y = 1,155,000 + 2.2y

1,525,500 - 1,155,000 = 2.2y - y

370,500 = 1.2y

y = 370,500 / 1.2

y = 308,750

It therefore means that the maximum amount that should be borrowed to purchase the inventory is $308,750

5 0

3 years ago

Which would be a likely cause of an increase in the demand for pizza? a reduced desire for take-out and fast-food dining a decre

TiliK225 [7]

I think the correct answer to this would be:

“A health report showing eating pizza reduces stress”

<span>If health news about pizza reducing stress would come out, people’s willingness to buy pizza would definitely increase. This is because of the additional positive reinforcer, reducing stress, associated with the great taste of pizza that people would definitely buy this.</span>

4 0

3 years ago

Which of the following are etiquette guidelines that promote positive workplace conversations? Check all that apply. a. Give sin

Gelneren [198K]

Answer:

The correct answers are letter "A", "B", "C", "D", and "E".

Explanation:

Inside the work frame, it is important to follow certain etiquette guidelines to create a good environment atmosphere. Those practices include giving since praise and avoiding negative commentaries, listening to coworkers and supervisors advice to learn the maximum possible of our duties, choosing correct topics to talk about dismiss personal matters, and using correct titles when talking to our colleagues and higher-rank personal.

4 0

3 years ago