A depreciation of a nation's currency will cause imports to decrease and exports to increase all other things held constant.
<h3>What is depreciation?</h3>
This is a term that is used to refer to the fall in the fall of a nations currency. When it depreciates, the value of the currency to other currencies would fall.
This would cause imports from other countries to become too expensive for the country that is buying.
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Answer:
a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.
Explanation:
The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
26,000 units:
Total variable costs= $448,500
Fixed costs= $507,000
<u>First, we need to determine the unitary variable cost:</u>
Unitary variable cost= 448,500/26,000
Unitary variable cost= $17.25
<u>Now, the total cost for 24,000 units:</u>
Total variable cost= 24,000*17.25= $414,000
Total fixed cost= $507,000
Total cost= $921,000
Calculation of Cost of Goods Sold for Versaille company:
It is given that Versaille Company has the cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000. The Cost of Goods Sold can be calculated using the following formula;
Cost of Goods Sold = Cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory
= 325,000+150,000-175,000
= $300,000
Hence, the cost of goods sold for Versaille company is <u>$300,000</u>
