In the foreign exchange market, the price of one nation's currency in terms of the currency of another nation is known as the

Walberg Associates, antique dealers, purchased the contents of an estate for $75,000. Terms of the purchase were FOB shipping po

Greeley [361]

Answer:

$3680

Explanation:

The cost of inventory is the cost incurred during assembly/preparing a product for sale and can include warehouse costs and insurance expenses.

In this case, warehouse was $2,400, insured the shipment at a cost of $300 and refurbishing at a cost of $980.

=$2400+$300+$980 =$3680

3 0

3 years ago

A faculty group wants to determine whether job rating (x) is a useful linear predictor of raise (y). Consequently, the group con

Studentka2010 [4]

Answer:

The answer is "D".

Explanation:

Since the value of b1 is negative, the regression line decreases as b1 increases

For a 1-point increase in an administrators rating, we estimate the administrators raise to decrease $2,000.

7 0

3 years ago

Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $4

Marrrta [24]

Answer:

Option (B) is correct.

Explanation:

Given that,

Selling price per unit = $48

Desired profit margin on sales = 12.5%

Flyer’s current full cost for the product = $44 per unit

Profit = Selling price × profit margin

= $48 × 12.5%

= $6

Target cost of unit = Selling price - Profit

= $48 - $6

= $42

8 0

3 years ago

What are brokerage firms? 2. what are depository and nondepository financial institutions? how do they differ? 3. what are credi

pogonyaev

1: Brokerage firms: a type of non-depository financial institution that manages and facilitates the purchase of bonds, stocks, and other types of investments.
2. Depository and non-depository financial institutions: Depository tends to be things such as banks and non-depository are life insurance companies; differences between both is that non-depository are not insured by FDIC.
3. Credit Unions: non-profit, member owned institutions and another type of depository institution.
4. Demand deposit accounts: accounts that individuals and business can use to pay their bills.
5. Bonds: investments that promise to pay a certain amount of interest on the principle amount after a given time.
Critical Thinking. 1. What are some considerations in choosing a financial institution? Which one do you think would be the most important consideration for you in choosing a financial institution? --When a choosing financial institutions, you want to consider location of the institution and the availability of services in your area. Important factors in choosing for the location and services provided; convenience and how often you go.

2. What are the pros and cons of U.S. savings bonds? --Saving Bonds offer a secure investment; does not cost you state or local tax. The con would be figuring when to cash them in or the maturity of the bond can be confusing.

3. What are some of the problems that individuals might face if they use one of the "problematic" financial institutions?-- If something happens that results in the person going to the institution for help; institution can charge a high interest or the loan could be short. This can result to the person being in debt or have a mark on their financial record for late payments.

4. What are some of the consumer protections available? What can individuals do to protect themselves? --Many accounts in the United States have FDIC insurance that covers $100,000 of the money in the indiviudal's account. The government has set regulations that can and can't be practiced with consumers; such as regulations required for banks to disclose all aspects of the agreements with their clients.

5. What are some of the advantages and disadvantages of choosing a federally-insured account?--Advantage: federally insured for up to $100,000.--Disadvantage: interest at which account pays is well below the inflation rate

5 0

3 years ago

Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per

Greeley [361]

Answer:

Total Material Variance = $10,060 Unfavorable

Explanation:

Provided Information,

Standard budgeted unit of raw material = 1 yard

Standard price per unit = $91.00

Actual price per yard = $91.00

Actual units produced = 4,600

Actual yards of plastic used = 4,660 yards

Standard yards for actual production = 4,600 $\times$ 1 yard = 4,600

Total Material Variance = Standard Cost for actual output - Actual Cost

Standard Cost = 4,600 $\times$ $90 = $414,000

Actual Cost = 4,660 $\times$ $91 = $424,060

Total Material Variance = $414,000 - $424,060 = - $10,060

Since value is negative as actual cost is more than budgeted, the variance is unfavorable.

Final Answer

Total Material Variance = $10,060 Unfavorable

8 0

3 years ago