Answer:
a. Variable cost per unit = High cost - Low cost / High volume - Low volume
Variable cost per unit = $355,880 - $228,780 / 4,960 - 1,860
Variable cost per unit = $127,100 / 3,100
Variable cost per unit = $41
b. Total cost = Fixed cost + Variable cost
$228,780 = Fixed cost + (1,860 * $41)
$228,780 = Fixed cost + $76,260
Fixed cost = $228,780 - $76,260
Fixed cost = $152,520
If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week
If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.
Answer:
A Dirty Float
Explanation:
A dirty float or managed float, refers to a floating exchange rate system operated by a country's central bank where there are occasional interventions in the foreign excange markets to influence the demand and supply with the intention of curbing perceived volatilities in the currency.
As stated in the question, the intervention of the Central Bank will usually occur when it believes that the currency has deviated too far from its fair value.
The dirty float system is a buffer against external economic influences that may want to disrupt the foreign exchange market in a country.
Actually, from 1946-1971, many industrialized nations around the world operated the fixed exchange rate system or the Bretton Woods agreement but this changed August 15, 1971, when President Richard Nixon decided to exit the United States from this system and till date most nations that intend to protect their domestic markets and industries against external foreign influences have adopted the dirty float exchange system.
Answer:Danielle relies on summer earnings to fund her next year at the university. When she tried to get her old high school summer job back at local Cool Rags Clothier, she learned that the manager no longer hires college students during the summer months. Which of the following strategies do you recommend that Danielle pursue?Answer C
