Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them.
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Answer:
$173
Explanation:
The computation of the salvage value at the end of year 5 is given below:
Cost of the asset $1,200
Multiply with the depreciation rate 5.76%
Book value at the 5 year end = $69
Resale value $200
gain on sales $131
Multiply with the Capital gain 21%
tax on gain $27
After tax gain on salvage value $173 ($200 - $27)
Answer:
(b) U.S. residents want to buy more foreign bonds. The real exchange rate falls.
Explanation:
A fall in the exchange rate is known as a depreciation in the exchange rate, means the currency is worth less compared to other countries. For example, a depreciation of the dollar makes US exports more competitive but raises the cost of importing goods into the US. As a results, residents will want to buy more foreign goods other than the country own produced goods. This will results in a shift in a demand or supply curve which occurs when a good's quantity demanded or supplied changes even though price remains the same.
Answer:
Actual price= $1.6 per unit
Actual price= $3.2 per set
Explanation:
<u>To calculate the actual price, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
400= (1.8 - actual price)*2,000
400= 3,600 - 2,000actual price
2,000actual price = 3,200
actual price= $1.6 per unit
