Answer:
C) Is the ability to alter the market price of a good or service.
Explanation:
Market power can be held by both consumers and suppliers, it just depends on the size of each of them. For example, a monopoly has a very large market power because it is the only supplier of a certain product or service. On the other hand, a large manufacturer or retailer has a large market power over its vendors. E.g. Walmart is known for demanding the lowest possible prices form its vendors.
You will eventually work up debt.
Answer:
The statement is false. Future spot exchange rates are based on economic predictions of economists, who consider all the possible alterations of the market in a given economy.
Explanation:
Future exchange rates are prices set by banks and other important economic actors, which regulate the value at which different currencies will be exchanged or certain goods will be bought. These future rates are set through an analysis of the political and economic situation of the market in which the exchange will take place, with the aim of ensuring competitive and efficient values in the face of the probabilities of market shocks, both internal and external.
Answer:
$1.47
Explanation:
Interest rate in foreign currency if=7%
Interest rate in local currency ih=5%
Spot rate (So)-dollars per unit of foreign currency=$1.5
Change in foregin currency exchange rate ef=((1+ih)/(1+if))-1
ef=(1+.05/1+.07)-1=-1.86%
Future spot rate (St)=So(1+ef)=1.5(1-.0186)=$1.47
Answer:
$2,468,000
Explanation:
LIFO reserve = “Allowance to Reduce Inventory to LIFO” = the difference between the inventory method used for internal reporting purposes and LIFO.
LIFO effect = the change in the Allowance balance from one period to the next = the adjustment that companies must make to the accounting records.
Dr Cost of Goods Sold $168,000
($486,000- $318,000)
Cr Allowance to Reduce Inventory to LIFO $168,000
$2,300,000 +$168,000 =$2,468,000
Therefore the amount that Bramble should report as Cost of Goods Sold in the 2018 income statement is $2,468,000