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4 years ago

The price of one country currency expressed in another country currency definition

1 answer:

8 0

The price of one country's currency expressed in terms of another country's currency is: A. by definition, one unit of currency. ... A. exchange rate between the U.S. dollar and another currency. B. exchange rate between two currencies, neither of which is generally the U.S. dollar.21

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Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illegal under state law. During 2016, a bill designate

vaieri [72.5K]

Answer:

A. $127,000

Explanation:

Rex is only allowed to deduct operating expenses related to game and in the act rest of the expense like Payoff money to state and local police, Newspaper ads supporting H.R. 9, Political contributions to legislators who support H.R. 9 are not allowable

5 0

4 years ago

What is the current estimate of the number of africans forcibly relocated from africa to the new world?

sammy [17]

11 million should be right!

7 0

3 years ago

Read 2 more answers

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units)

prohojiy [21]

Answer:

If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is $52,500

Explanation:

For computing how much amount is recorded in the balance sheet, first we have to calculate the per unit cost.

The formula to compute the per unit cost is shown below:

= Total production cost ÷ Number of units

where,

Total production cost = Direct labor + Direct material + Variable factory overhead

= 240,000 + $180,000 + 280,000

= $700,000

And, the number of unit is 20,000 units

Now, put these values on the above equation which is equals to

= $700,000 ÷ 20,000

= $35 per unit

After that, multiply the per unit cost with unsold units

In mathematically,

= 1,500 units × $35 per unit

= $52,500

Hence, If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is $52,500

5 0

3 years ago

The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $940,000,

Tanya [424]

Answer:

a. Year 0 Net Cash Flows = $984,000

b. We have:

Year 1 net operating cash flows = $306,159

Year 2 net operating cash flows = $332,986

Year 3 net operating cash flows = $261,479

c. Additional Year 3- cash flow = $504,877

d. The machine should be purchased.

Explanation:

We start by first calculating the following:

Initial Investment = Base Price + Modification Cost = $940,000 + $25,000 = $965,000

Useful Life = 3 years

Depreciation in Year 1 = 0.3333 * $965,000 = $321,634.50

Depreciation in Year 2 = 0.4445 * $965,000 = $428,942.50

Depreciation in Year 3 = 0.1481 * $965,000 = $142,916.50

Book Value at the end of Year 3 = $965,000 - $321,634.50 - $428,942.50 - $142,916.50 = $71,506.50

After-tax Salvage Value = Salvage Value - (Salvage Value - Book Value) * Marginal tax rate = $624,000 – ($624,000 - $71,506.50) * 25% = $485,877

Initial Investment in NWC = $19,000

We can now proceed as follows:

a. What is the Year 0 net cash flow?

Year 0 Net Cash Flows = Initial Investment + Initial Investment in NWC = $965,000 + $19,000 = $984,000

b. What are the net operating cash flows in Years 1, 2, 3?

Year 1 net operating cash flows = (Pretax Cost Saving * (1 - tax)) + (tax * Depreciation in year 1) = ($301,000 * (1 – 0.25)) + (0.25 * $321,634.50) = $306,159

Year 2 net operating cash flows = (Pretax Cost Saving * (1 - tax)) + (tax * Depreciation in year 2) = ($301,000 * (1 – 0.25)) + (0.25 * $428,942.50) = $332,986

Year 3 net operating cash flows = (Pretax Cost Saving * (1 - tax)) + (tax * Depreciation in year 3) = ($301,000 * (1 – 0.25)) + (0.25 * $142,916.50) = $261,479

c. What is the additional Year 3- cash flow (i.e. after tax salvage and the return of working capital)?

Additional Year 3- cash flow = NWC recovered + After-tax Salvage Value = $19,000 + $485,877 = $504,877

d. If the project's cost of capital is 12%, should the machine be purchased?

This can be determined from the net present value (NPV) calculated as follows:

NPV = -$984,000 + ($306,159/1.12^1) + ($332,986/1.12^2) + ($261,479/1.12^3) + ($504,877/1.12^3) = $100,287.71

Since the NPV of the machine of $100,287.71 is positive, the machine should be purchased.

7 0

3 years ago

"Greater Florida Builders wants to build a 450-acre housing development. They submit the plans to the local zoning commission wh

babymother [125]

Answer:

Dedicate the property for the school.

Explanation:

In this scenario Greater Florida Builders wants to build a 450-acre housing development. But before getting approval to commence the project the local zoning commission requires the Greater Florida Builders to dedicate a property to the school before it agrees to their proposal.

Local zoning commissions are locally elected government board that recommends to the city council the boundaries of various housing projects and ensuring these boundaries are enforced.

They also apply measures that segregates business property from residential property.

3 0

3 years ago