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nydimaria [60]
3 years ago
14

Which of the following are reasons managed floating exchange rates were adopted by the industrialized nations in 1973?

Business
1 answer:
Ymorist [56]3 years ago
6 0

Answer:

A) To avoid delays in adjustments of exchange rates caused by procedural difficulties and political biases.

C) To enable more prompt and continuous adjustments of exchange rates in response to evolving market forces.

Explanation:

  • <u>A managed floating exchange rate system allows the exchange rate to be allowed by a free market force of the supply and demand that consists of the some degrees of the government inventions</u>.
  • It was adopted in 1973 due to the overtime the float led to the market disordering and that caused a dramatic exchange rate fluctuations. Hence in order to control this, a system had to be made to keep at check on the change in rates.
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The following events took place at a manufacturing company for the current year:(1) Purchased $95,000 in direct materials.(2) In
Rom4ik [11]

Answer:

D $88410

Explanation:

Work in progress includes all the raw materials, direct labour and conversion costs incurred so far excluding cost of goods sold .

WIP= Intial WIP +Manufacturing costs incurred- Cost of goods sold.

The WIP inventory at the begining of the period is given as nil.

WIP during the period = (95000*80%)+56000+13600+107000

=252600(but it was given that 65% of the Process was completedi.e., finished goodswhich are not the part of the WIP inventory ; hence the remaining 35% is the Work in process inventory)

=$ 88410.

Further the remaining raw material 20% = 95000*20% shall not comprise a part of the WIP as it has not been brought into process itself , it shall lie in raw materials inventory itself.It shall be counted into the WIP once it is brought into the manufacturing assembly line.

3 0
3 years ago
Read 2 more answers
How does the Ricardian model differ from the H-O theory in explaining international trade patterns among nations.
svetlana [45]

Answer:For example, the Ricardian model of trade, which incorporates differences in technologies between countries, concludes that everyone benefits from trade, whereas the Heckscher-Ohlin model, which incorporates endowment differences, concludes that there will be winners and losers from trade.

5 0
3 years ago
A phone company offers two monthly charge plans. In Plan A, there is no monthly fee, but the customer pays cents per minute of u
Andreas93 [3]

Answer:

For more than 180 minutes of phone use.

Explanation:

Let m represent number of minutes of phone use in a month.

We have been given that in Plan A, there is no monthly fee, but the customer pays $0.06 per minute of use.

The cost of using m minutes in plan A would be 0.06m.

We are also told that in Plan B, the customer pays a monthly fee of $4.80 and then an additional $0.03 per minute of use.

The cost of using m minutes in plan B would be 0.03m+4.80.

To find the amounts of monthly phone when Plan A will cost more than Plan B, we will set cost of plane A greater than cost of plan B as:

0.06m>0.03m+4.80

Let us solve for m.

0.06m-0.03m>0.03m-0.03m+4.80

0.03m>4.80

\frac{0.03m}{0.03}>\frac{4.80}{0.03}

m>180

Therefore, Plan A will cost more than Plan B for more than 180 minutes of phone use.

4 0
3 years ago
Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe
Pavlova-9 [17]

Answer:

The marignal revenue that another worker would bring to Joe under these circumstances is $90.

If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:

$30 x 3 appliances = $90

Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.

3 0
2 years ago
________ databases are the most commonly used electronic databases.
irina [24]

The answer to this question is a relational database. A Relational database is a computer database that is stored in which information and data that is stored have a relation with each other. Relational database is also a set of tables, records, and columns. The software that is used in a relational database is called a relational database management system or RDBMS. 

5 0
3 years ago
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