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saul85 [17]
3 years ago
8

Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4

.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was:________.A) £4.8665/$.B) £0.2055/$.C) always changing because the price of gold was always changing.D) unknown because there is not enough information to answer this question.
Business
1 answer:
Bogdan [553]3 years ago
6 0

Answer:

B. £0.2055/$

Explanation:

Given that

An Ounce of gold cost = $20.67 in US dollars

An ounce of gold cost = £4.2474 in British pounds.

Therefore,

Exchange rate per 1 dollar

= 4.2474 ÷ 20.67

= 0.20548

= 0.2055.

This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.

£0.2055/$

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vitfil [10]

Answer:

Note: See attached excel file for the record of the effect of the given transactions in a horizontal statements model.

In the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $152,155

Explanation:

In the attached excel file, we have:

Sales tax payable on sales for November Year 1 = $65,500 * 9% = $5,895

Sales tax payable on sales for December Year 1 = $79,500 * 9% = $7,155

Assets = $152,155

Liabilities + Stockholders' Equity = $7,155 + $145,000 = $152,155

Therefore, the accounting equation is proved as follows:

Assets = Liabilities + Stockholders' Equity = $152,155

Download xlsx
6 0
3 years ago
Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 22,700 Oct. 31 Finished goods X 31 Dir
ollegr [7]

Answer: $249,900‬

Explanation:

Factory Overhead Applied = Total manufacturing cost - Direct material - Direct labour

Total Manufacturing Cost = Goods finished + Ending Work in Process -Beginning Work in Process

= 346,000 + 193,800 - 22,700

= $517,100‬

Factory Overhead Applied = 517,100‬ - 93,400 - 173,800

= $249,900‬

3 0
3 years ago
Discuss the elements of UX in relation to company strategy
iren [92.7K]

Answer:

2+y

Explanation:

4 0
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After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, what happens next
insens350 [35]

After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, a hearing is held. This is further explained below.

<h3>What is the investigation?</h3>

Generally, investigate formally or systematically examine or study something or someone.

In conclusion, An ESO hearing is conducted after an inquiry by the DBPR if no ESO is granted.

Read more about investigation

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7 0
2 years ago
A corporation reports the following year-end balance sheet data. The company's debt ratio equals:
vlada-n [284]

Answer:

2.20

Explanation:

The company's debt ratio equals: 2.20

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