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3 years ago

Define a strong dollar?

Business

2 answers:

lora16 [44]3 years ago

3 0

Answer:

A strong dollar occurs when the U.S. dollar has risen to a level against another currency that is near historically high exchange rates for the other currency relative to the dollar.

Explanation:

ExtremeBDS [4]3 years ago

3 0

Answer:

strong dollar- is a situation in which the United States dollar can be exchanged for a relatively large amount of another currency. A Strong dollar makes exports relatively expensive because of foreign purchasers have to pay more, in their currency for goods. imports are relatively inexpensive because of the dollar can purchase a relatively high amount of foreign currency in order to pay for goods. A strong dollar occurs when people want to invest in the U.S. because the financial markets are seen as favorable and providing good returns.

A strong dollar contracts with a weak dollar, which is characterized by a reluctance to invest in the U.S. and creates a situation where imports are expensive and exports are relatively cheap.

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The financial statements of Georgi Manufacturing Company report net sales of $595,000and accounts receivable of $80,000 and $60,

Elena-2011 [213]

Answer:

43 days

Explanation:

The first step is to calculate the account receivable turnover

= $595,000/($80,000+$60,000)/2

= 595,000/140,000/2

= 595,000/70,000

= 8.5

Therefore the average collection period can be calculated as follows

= 365 /8.5

= 42.9

= 43 days

7 0

2 years ago

The first step of the accounting cycle is to

elixir [45]

A. Record journal entries

3 0

3 years ago

Darth Company sells three products. Sales and contribution margin ratios for the three products follow:

lukranit [14]

Answer:

C. 31.25%.

Explanation:

PRODUCTS X Y Z Total

Sales in dollars $20,000 $40,000 $100,000 $160,000

CM ratio 45% 40% 25%

Contribution margin ratio can be calculated by weighted average method base on the sales ratio of each product.

Contribution margin as a whole = ( CM ratio of X x Ratio of X in total sales ) + ( CM ratio of Y x Ratio of Y in total sales ) + ( CM ratio of Z x Ratio of Z in total sales )

Contribution margin as a whole = ( 45% x $20,000 / $160,000 ) + ( 40% x $40,000 / $160,000 ) + ( 25% x $100,000 / $160,000 )

Contribution margin as a whole = 5.625% + 10% + 15.625% = 31.25%

6 0

3 years ago

The total book value of WTC’s equity is $13 million, and book value per share is $20. The stock has a market-to-book ratio of 1.

lisabon 2012 [21]

Answer:

5.38 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt

where,

Cost of Equity = 9.00 % (given)

After tax Cost of Debt = 6% x (1 - 0.21) = 4.74 %

Market Value of Equity = 1/5 x $13 million = $2.6 million

Weight of Equity = $2.6 million / $11.6 million = 0.22

Weight of Debt = $9 million / $11.6 million = 0.76

therefore,

WACC = 9.00 % x 0.22 + 4.74 % x 0.76

= 5.38 %

thus

the company’s WACC is 5.38 %

5 0

3 years ago

Your company has compiled the following data on the small set of products that comprise the specialty repair parts division. Per

Flauer [41]

Answer : R11 & U44

Explanation:

Considering the aforementioned data on the small set of products that comprise the specialty repair parts division. After performing ABC analysis on the data. I would suggest R11 and U44 for the firm keep the least control.

3 0

3 years ago