All categories

3 years ago

An increase in the demand for the Canadian dollar will lead to

Business

1 answer:

Juli2301 [7.4K]3 years ago

6 0

Answer:

A. an appreciation of the Canadian dollar and a higher quantity of Canadian dollars

traded

Explanation:

An increase in the demand for the Canadian dollar will lead to

an appreciation of the Canadian dollar and a higher quantity of Canadian dollars traded.

When, the demand for Canadian dollar increases, it means, the Canadian dollar will appreciate against other currencies and higher quantity of the Canadian dollar will be traded.

A rightward shift in demand( increase) means the demand curve has moved up along the

supply curve causing the price of the currency measured on the horizontal axis to increase.

You might be interested in

Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9

jasenka [17]

Answer:

Accounts receivable for 2019 = $590,000

Accounts receivable for 2018 = $570,000

Explanation:

The computation of accounts receivable for both years is shown below:-

2019 2018

Sales $7,906,000 $6,726,000

Accounts receivable

Beginning balance $600,000 $540,000

Ending balance $580,000 $600,000

Accounts receivable $590,000 $570,000

Working note:-

Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2

= $590,000

Average Accounts receivable for 2018 = ($540,000 + $600,000) ÷ 2

= $570,000

7 0

3 years ago

Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the yea

Kisachek [45]

Answer:

a) production units = 450,000

b) Amount of raw materials = 1,010,000.

Explanation:

The production budget is computed as follows;

Production budget = Sales budget + closing inventory - opening inventory

Production budget= 480,000 + 50,000 - 80,000

= 450,000 units

<em>The raw material purchase budget is the amount of material to be purchased to accommodate production need and inventory of materials to be kept.</em>

Purchase budget = usage budget + closing inventory - opening inventoy

Purchase budget = (2× 500,000) + 45,000 - 35,000

= 1,010,000.

4 0

4 years ago

The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balan

VMariaS [17]

Answer: d. $240,400

Explanation:

To calculate the Cost of Goods sold for the year we simply add the Opening Balance of Finished goods to the Cost of Goods for the year and then subtract the Finished goods balance at year end (ending).

That would be,

= 233,000 + 31,600 - 24,200

= $240,400

$240,400 is the Cost of Goods sold for the year so Option D is correct.

8 0

3 years ago

You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro

Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0

3 years ago

Read 2 more answers

In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa

Free_Kalibri [48]

Answer: False

Explanation:

Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.

The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

3 0

3 years ago