Price of one country's currency expressed in terms of another country's currency.
Exchange rates can be either fixed or floating and are used to describe how much one type of money is worth in another country.
Answer:
Current bond price = 80 / (1+0.04)^1 + 1080 / (1+0.04)^2
Explanation:
The Coupon payment = 0.08 * 1000 = 80
The Payment at EOY 1 = 80
The Payment at EOY 2 = 80 + 1000 = 1080
market interest rate = 4%
Current bond price = 80 / (1+0.04)^1 + 1080 / (1+0.04)^2
Answer:
B) Only statement II is correct.
- II. Has $20,000 of taxable income from Corporation Z.
Explanation:
One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).
On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.
Answer:
The answer is
A. $955,700
B. $570,900
C. $734,400
Explanation:
A. Cost of sales
Gross profit = Sales - Cost of sales.
Therefore, Cost of sales will now be:
Sales - Gross profit
$1,309,200 - $353,500
=$955,700
B. Direct materials cost
Direct materials cost = material purchased - indirect materials - ending material Inventory
$667,700 - $48,400 - $48,400
=$570,900
C.Direct labor cost
Direct labor cost = manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor
$1,445,400 - $570,900 - $22,300 - $117,800
=$734,400
