Answer:
b. supply of dollars in the market for foreign-currency exchange shifts left
Explanation:
In the case when the expected return on the US assets should be rise while keeping other things constant so it reduced the dollar supply because the investors in US would begins switching the international investment to the domestic due to this it reduced the supply. This cause to shifting the supply curve to the left
Therefore the option b is correct
Answer:
$4,502
Explanation:
Brad's gross pay for the month is $6,400. His deduction for federal income tax is based on a rate of 22%.
Brad's net pay if we assume a FICAlong - OASDI Tax of 6.2% and FICAlong -Medicare Tax of 1.45%. will be:
His gross pay for the month less all the statutory deductions
$6400 - [(0.22 x 6400) + (0.062 x 6400) + (0.0145 x 6400)] = $4,502
Answer:
37.9 days
Explanation:
Given that,
Net sales = $951,000
Beginning accounts receivables = $75,500
Ending accounts receivables = $122,000
Average accounts receivables:
= (Beginning accounts receivables + Ending accounts receivables) ÷ 2
= ($75,500 + $122,000) ÷ 2
= $98,750
Accounts Receivable Turnover:
= Net sales ÷ Average accounts receivables
= $951,000 ÷ $98,750
= 9.63
Average collection period:
= 365 days ÷ Accounts Receivable Turnover
= 365 days ÷ 9.63
= 37.9 days
