Answer:
rate at which a person can trade the currency of one country for the currency of another
Explanation:
Nominal exchange rate is a rate at which a person can trade the currency of one country for the currency of another.
Nominal exchange rate = real exchange rate + inflation rate
Real exchange rate is the number of goods a person can trade for a similar good in another country.
The real exchange rate has been adjusted for inflation.
Real éxchange rate = nominal exchange rate - inflation rate
I hope my answer helps you
Answer:
$60,224
Explanation:
Calculation to determine what The adjusted cash balance should be:
Cash account debit balance+Check printing fee, not yet recorded
Let Plug in the formula
Adjusted cash balance=$60,209+$15
Adjusted cash balance=$60,224
Therefore The adjusted cash balance should be:$60,224
Answer:
Y= 6000 + 0.75X
Explanation:
High and low cost technique
Using the a high and low technique, total cost can be analysed and separated into fixed and variable portion. This analysis helps in the forecast of cost and therefore important for the preparation of budget.
<em>Variable cost of maintenance</em>
= (Cost at high activity - Cost at low activity)/ (high activity - low activity)
VC per act. = ( $15000 - $12000)/(12,000-8000)
= $0.75 per activity
<em>Fixed cost of maintenance</em>
= Total cost at high activity - (VC per act × high activity)
= $15,000 - ( $0.75 × 12,000)
= $6,000
The cost formula will be:
Y= 6000 + 0.75X
Where Y = maintenance cost, X= level of activity
<span>Heidi should inform them that form 13614-C has to be completed before the return can be prepared, the client will then be interviewed by whomever is preparing the return and additional questions would likely be asked, and the client would need to have a quality review done on their taxes by someone other than the person preparing the return.</span>
Answer:
Entries are given
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
DEBIT CREDIT
A. Kacy Spade, owner, invested cash in the company
Common stock 14250
Cash 14250
B. The company purchased office supplies
Office supplies 413
Cash 413
C.The company purchased office equipment on credit
Office equipment 7880
Payables 7880
D.The company received $1,681 in cash
Cash 1681
Fees earned 1681
E. The company paid $7,880 cash to settle the payable
Payables 7880
Cash 7880
F. The company billed a customer $3,021 as fees
Receivable 3021
fees earned 3021
G. The company paid $520 cash for the monthly rent.
Rental expense 520
Cash 520
H. The company collected $1,269 cash as partial payment
Cash 1269
Receivables 1269
I. The company paid a $1,000 cash dividend to the owner
Retained earnings 1000
Cash 1000
