Solution :
British pound is the name of the currency of the country England.
It is given that the value of one British pound is $ 1.30 in terms of dollar.
i.e. $ 1.30 = 1 Pound
Now calculation for the dollar sells for in pounds per dollar is given by :
Therefore, 1$ is 0.76 pound.
Thus, 1 dollar sells for in 0.76 pound per dollar.
Answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
Let us see how to solve it. As we can see the formula for Gross Margin is as follows -
Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.
Now the formula for Operating Expenses is as follows-
Operating Expenses= Gross Margin − Net Income; Hence we have to do $287,000 − $101,800 = $185,200. So the total Operating Expenses is $185,200. Hence answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
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Answer:
The watchword with we call are project administration. This is taken care of by the venture administrator, and he is held with numerous colleagues.
There are numerous virtual products for this venture administration in order to develop a task some of them ate Microsoft flow, crm etc.
We need to acknowledge the task proposition and after that need to know the prerequisites of. Undertaking and after that layout arrangement has to be given and after that they needs to begin developing the venture with required number of colleagues. They needs to make examinations with the customers and they should be mindful in taking criticism generally there might be a possibility of failure to fire in the result of the undertaking. The undertaking must be sent for testing step by step and afterward after venture administration incorporates till the fruition of the task and sent to the hands of the customer.
Using FIFO;
The Ending inventory = 7
Cost of goods sold = $9240
<h3>What is FIFO in accounting?</h3>
FIFO is the acronym for the First In, First Out, which is the principle in which assets produced or acquired first are sold, used, or disposed of first.
Using the FIFO asset-management procedure;
Total assets owned = 6 + 5 + 4 + 6 = 21
Total sales = 4 + 3 + 7 = 14
Ending inventory = 21 - 14
Ending inventory = 7
Cost of good sold is calculated using FIFO as follows:
Total goods sold = 14
Cost of goods sold = 6 * $830 + (1 + 4) * 840 + 3 * $850
Cost of goods sold = $9240
In conclusion, using FIFO, the first goods bought are sold first.
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Answer:
c) buying a bond for $ 1,000 with the expectation of selling it in a year for $ 950
c) putting $ 1,000 in a savings account that has a 2.25 % interest rate and no service fee while expected inflation is 3.25 %
Explanation:
For the first question all are negative returns as the account will charge service but earn no interest, the euro will depreciate and the bond will be sale below par. The correct option would be do nothing and keep the 1,000 dollars but, being forced to pick among these three option then, purchase the bond is better.
For the second question the third option has an inflation which is similar to the annual service charge but, earn interest therefore will provide a better return as the interest compensate a portion of the inflation loss.
