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notsponge [240]
3 years ago
12

If you are vacationing in France and the dollar depreciates relative to the euro, then a. the dollar buys more euros. It will ta

ke more dollars to buy a good that costs 50 euros. b. the dollar buys fewer euros. It will take fewer dollars to buy a good that costs 50 euros. c. the dollar buys fewer euros. It will take more dollars to buy a good that costs 50 euros. d. the dollar buys more euros. It will take fewer dollars to buy a good that costs 50 euros.
Business
1 answer:
yarga [219]3 years ago
6 0

Answer:

c. the dollar buys fewer euros. It will take more dollars to buy a good that costs 50 euros.

Explanation:

When a currency depreciates, it will decrease their value in relathinship wth the other currency.

This means the dollar will buy less euros.

This makes statment A and D FALSE.

If the dollar is worth less then, the amount of dollar required for a given amount (50) will be higher,

it takes more dollars to buy 50 euros of goods.

Option C is the only statment which express both situation.

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During December at Ingrim Corporation, $74,000 of raw materials were requisitioned from the storeroom for use in production. The
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Answer:

b. debit to Work in Process of $68,000

Explanation:

The journal entry is as follows:

Work in process A/c Dr $68,000

Factory overhead A/c Dr $6,000

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(Being the requisition from the storeroom is recorded)

Since it is already given that raw material i.e $74,000 requisitioned from the storeroom and the indirect material totaled is $6,000 so the remaining balance transferred to the work in process account i.e $68,000

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WHO APPLIES B2C MARKETING?​
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6 0
2 years ago
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $425,000 on its balance sheet, and it reported that it had $
Pani-rosa [81]

Answer:

The amount of dividend paid by Heaton:         $

Retained profit as at 31/12/2019                   555,000

Add: Net income for the year                       <u>172,500</u>

                                                                       727,500

Less: Retained earnings as at 31/12/2020   <u>425,000</u>

Dividend paid in 2020                                  <u>302,500</u>

The amount of dividend paid in 2020 is $302,500, which is close to $382,442.

The correct answer is A

Explanation:

The dividend paid in 2020 equals the retained earnings at the end of 2019 plus the net income for the year minus the retained earnings at the end of 2020.

4 0
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Answer:

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Role of Interviewer :

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