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3 years ago

Which of the following best explains what happens to the exchange rate of a

Business

1 answer:

grigory [225]3 years ago

7 0

Answer:

the correct answer is D. The exchange rate for that currency changes depending on the operations of the free market

Explanation:

their is this market called Foreign Exchange market or simply known as the FOREX Market. It is the largest market in the world where trillions of dollars are exchanged daily.

the main determinant of the prices and the exchange rates of the each currency is the market supply and demand. more demand will set the rates higher while more supply will decrease the rates.

nowadays, currencies are not pegged to the gold prices and we abandoned the gold standards some time ago. so gold prices have no effect on the exchange rates now.

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Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cl

anyanavicka [17]

Answer:

For Material 80,000

For Conversion 72,000

Explanation:

The computation of equivalent units of production for the bath linens department for August is shown below:-

Materials Conversion

Units completed and

transferred out 60,000 60,000

Units in process,

August 31 20,000 12,000

(20,000 × 60%)

Equivalent units of

production 80,000 72,000

Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.

4 0

3 years ago

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.

kogti [31]

Answer: Please see the required journals below:

Mar. 17:

Debit Allowance for doubtful accounts $1,000

Credit Accounts receivable $1,000

July 29:

Debit Cash $1,000

Credit Bad debt recovery (income statement) $1,000

Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.

3 0

3 years ago

PLEASE HELP ASAP (EASY)

butalik [34]

Answer:

Explanation:

you're capable of reaching more people with a website

7 0

3 years ago

Karen Wilson and Katie Smith are looking at the company's health care options and trying to determine how much their net pay wil

Rufina [12.5K]

Answer:

Without cafeteria plan Karen taxable income is 2250 dollars and with cafeteria plan the taxable income is $2135.

Without cafeteria plan Katie taxable income is 2075 dollars and with cafeteria plan the taxable income is $1960.

Explanation:

A married women Karen earns = $2250

Katie single women earn = $2075

Employee contribution to health care = $115

If the Karen decline to participate in the cafeteria then her taxable income is $2250 (wages).

If the Karen accept to participate in the cafeteria then her taxable income is $2250 - $115 (contribution) = $2135

If Katie declined to participate in the cafeteria then her taxable income is $2075 (wages).

If Katie accept to participate in the cafeteria then her taxable income is $2075 - $115 (contribution) = $1960

7 0

3 years ago

Write a letter to your uncle aboard tell him two things u need for school.

seraphim [82]

Answer: A backpack, And a binder

Explanation:

6 0

4 years ago