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Elis [28]
3 years ago
12

True or False: The appreciation in the dollar’s exchange value from 1980 to 1985 made U.S. products less expensive and foreign p

roducts more expensive, decreased U.S. imports, and increased U.S. exports. True False
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

False

Explanation:

Exchange rate is defined as the amount of a currency that is exchanged for another countrie's currency at a given time.

When the dollar appreciates it is stronger than other currencies. It takes fewer dollars to purchase US goods than foreign currencies.

So more of foreign currencies will be used to buy the US product (expensive). This will discourage exports.

This will also make foreign goods cheaper.

As foreign goods are cheaper the US will have more imports.

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BE6-5 In its first month of operation, Hoffman Company purchased 100 units of inventory for $6, then 200 units for $7, and final
QveST [7]

Answer:

Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

  • If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.

Explain why this amount is referred to as phantom profit.

  • Phantom profit basically refers to the profit that the company could have made using a different accounting method.

Identify the impact of LIFO versus FIFO.

  • LIFO increases COGS by $240, reducing gross profits by the same amount.

Explanation:

                             units           price            total

purchase               100              $6              $600

purchase               200             $7              $1,400

purchase               140              $8              $1,120

total                       440                                $3,120

ending inventory  180                            

        using LIFO                                         $1,160

        using FIFO                                         $1,400

COGS using LIFO = $3,120 - $1,160 = $1,960

COGS using FIFO = $3,120 - $1,400 = $1,720

If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.

6 0
3 years ago
Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $0.5 bill
yawa3891 [41]

Answer:

fall & $0.5 billion

Explanation:

Base on the scenario been described in the question, we can see that for each one percentage point increase in the interest rate, the level of spending investment is declining by $0.5 billion. For this reason it will make the investment spending to fall by $0.5 billion when the interest rate changes as we have seen in the first interest rate calculated.

8 0
4 years ago
One reason integrated marketing communications is necessary is​ __________.
timama [110]
Integrated marketing communications is necessary because it mixes all of the methods and tools for the promotion of a brand.  With this cooperation of all methods and tools from various departments, a company will be able to maximize their sales while being cost efficient in their production.
4 0
4 years ago
What is the primary goal of business​
solong [7]

Answer:

Profit making and survival

Explanation:

The main objectives that a business might have are: Survival – a short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis. Profit maximisation – try to make the most profit possible – most like to be the aim of the owners and shareholders.

7 0
3 years ago
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The picketts have lived in their house for about 13 years. they like to keep a well-maintained property and have noticed that th
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correct answer is B just took the test

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4 years ago
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