<span>These would be work in-progress inventory. They are further along in production than the basic raw materials, but are not completed to the point where they could be put out for sale as finished goods. They are still requiring some work to get to this point.</span>
Answer:
a floating exchange rate, based on market forces of supply and demand.
Explanation:
Where the exchange rate is floating (as are all major currencies in the world), this will be determined by market forces - this includes supply and demand. As in any other market, the rate will change constantly to show how much of the currency is being traded.
Answer:
2.58%
Explanation:
Mathematically, the relationship between the different interest rates using the equation is shown below:
(1+S2)^2=(1+S1)^1*(1+2y1y)
The spot rate in year 2 is the same as the spot rate in year 1 multiplied by the 1-year forward rate beginning in year 2.
S2=2-year rate =2.34%
S1=1-year rate =2.10%
2y1y=one-year interest rate 2 years from now=the unknown
(1+2.34%)^2=(1+2.10%)^1*(1+2y1y)
(1+2y1y)=(1+2.34%)^2/(1+2.10%)^1
2y1y)=(((1+2.34%)^2/(1+2.10%)^1)-1
2y1y=1.025805642-1
2y1y= 2.58%
The formula shows that borrowing or lending for 2 years at 2.34% is the same as borrowing or lending at 2.10% in year and 2.58% forward rate in year 2
What r ur choices bud u dont have choices
Answer: C. credit to SUTA Payable of $810
Explanation:
The SUTA tax is a certain percentage expected of employers to pay to the state so as to provide palliative or benefit to displaced workers.
The state unemployment tax rate = 5.4% = 0.054
Taxable amount = $15,000
Tax fee = SUTA rate × taxable amount
SUTA tax amount = $15,000 × 0.054
SUTA tax fee = $810.
Therefore accrued payroll taxes will be feature a journal entry to credit the State Unemployment Tax payable of $810.
