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irinina [24]
2 years ago
13

Draw a demand for dollars curve. Label it D. Draw a supply of dollars curve. Label it S. Draw a point at the equilibrium quantit

y and equilibrium exchange rate. Draw an arrow between the D and S curves that indicates a price at which there is a surplus of dollars. Label it. What happens in the foreign exchange market when a surplus of dollars​ exists? When there is a surplus of dollars in the foreign exchange​ market, _____
Business
1 answer:
brilliants [131]2 years ago
3 0

Answer:

The forces of demand and supply in the market will pull the foreign exchange market into equilibrium.

Explanation:

When there is a surplus of dollar in the foreign exchange market the forces of demand and supply  will pull the foreign exchange market into equilibrium.<em> i.e. The exchange rate will be reduced to bring the exchange market to equilibrium. </em> without change in demand or supply.

attached below is the required graph.

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Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of
VikaD [51]

Answer:

Journal entries are shown below.

Explanation:

According to the scenario, computation of the given data are as follows,

Short-term security investment = $78,000

Debt securities rate = 12%

Interest on debt securities for 90days = $78,000 × ( 12% × 90÷360 )

= $2,340

So, Journal entries are as follows,

(a) Aug.1, 2017       Short-term security investment A/c Dr.    $78,000

                         To, Cash  A/c           $78,000

                             (Being purchase of debt security is recorded)

(b) Oct.30, 2017       Cash A/c Dr.    $2,340

                         To, Interest  A/c           $2,340

                             (Being interest received is recorded)

8 0
2 years ago
The demand curve of a monopolistically competitive producer is Multiple Choice less elastic than that of either a pure monopolis
Reil [10]

Answer:

more elastic than that of a pure monopolist, but less elastic than that of a pure competitor.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  In the long run, firms earn zero economic profit.  

A monopolistic competition is when there are many firms selling differentiated products in an industry. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.  An example of a monopoly is a utility company

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Perfect competition has a perfectly elastic demand.

A monopolistic competition's demand is more elastic than that of a monopoly because there are more than one firm in the industry unlike a monopoly

so, perfect competition has the most elastic demand, followed by a monopolistic competition and then a monopoly

8 0
3 years ago
The investments of Steelers Inc. include a single investment: 11,100 shares of Bengals Inc. common stock purchased on September
mihalych1998 [28]

Answer:

Steelers Inc.

a) Journal entries:

Sept. 12

Debit Available for Sale Investment $133,200

Credit Cash Account $133,200

To record investments in the common stock of Bengals Inc., 11,110 shares at $12 per share.

Dec. 31:

Debit Unrealized Loss on Available for Sale Investment $22,200

Credit Available for Sale Investment $22,200

To record the fair value of the investment.

b) The unrealized gains and losses are included in other comprehensive income within the equity section of the balance sheet.

The loss will, therefore, be deducted from other comprehensive income.

Explanation:

Investments held for sale are accounted for at fair value.  This implies that at the end of any accounting period, the fair value of the investments will be determined.  This is usually the market value.  Then, adjustments are made in the asset account according to the fair value.  There will be recognized either unrealized gain or loss, which are taken to other comprehensive income in the balance sheet under the equity section.

5 0
3 years ago
The majority if new business owners rely heavily on
Sidana [21]
The amount they have to pay there employes
4 0
3 years ago
The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smith’s gift agreement
Evgesh-ka [11]

Answer:

It is called A PERMANENT FUND.

Explanation: A PERMANENT FUND is a type of governmental fund that is used to record and account for endowments such as gifts for government or non governmental organisations.

This fund often times is used in financing civic projects, facilities owned by the city concerned and the likes.

8 0
3 years ago
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