Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
Answer:
Standard hours= 1,200 hours
Explanation:
Giving the following information:
XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product.
During October the company worked produced 300 units.
<u>First, we need to calculate the standard hour per unit:</u>
Standard hour per unit= 1,000 / 250= 4 hours per unit
Now, the standard hours allowed for 300 units:
Standard hours= standard hour per unit*number of units
Standard hours= 4*300
Standard hours= 1,200 hours
Answer and Explanation:
The computation is shown below:
1. Nominal exchange rate is
= (Real exchange rate) × (foreign price level ÷ domestic price level)
= 10 × (4 ÷ 8)
= 5
2. Change in Nominal exchange rate is
Change in Nominal exchange rate = (real exchange rate change ) + foreign inflation - domestic inflation
= 10 + 4 - 6
= 8%
3.) foreign inflation rate
= Change in Nominal exchange rate - real exchange rate change + domestic inflation
= 5 - 8 + 3
= 0%
We simply applied the above formulas
Answer:
A
Explanation:
In the accounting process extracting a trial balance is the final step.