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Elis [28]
2 years ago
7

4. Which of the following situations typically would result from an appreciating U.S. dollar relative to the

Business
1 answer:
patriot [66]2 years ago
5 0

Answer:

D. Americans purchase more Canadian made products.

Explanation:

The situation that would typically result from an appreciating U.S. dollar relative to the Canadian dollar is "Americans purchase more Canadian made products."

When Americans purchase more Canadian-made products, the Canadian dollar will rise or appreciate against the U.S. dollar. This is based on the principle of trade balance, whereby the monetary value of a country's imports and exports are evaluated over a given period.

In this case, the monetary value of Canadian exports against the U.S. dollar will indicate a positive trade surplus, hence, the Canadian dollar or currency will appreciate against the U.S. dollar.

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At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete
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The method of slicing digital messages into parcels, transmitting them along different communication paths, and reassembling the
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Is called packet switching 
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2 years ago
May 3 Allied made its first and only purchase of inventory for the period on May 3 for 3,000 units at a price of $9 cash per uni
Airida [17]

Answer:

Explanation:

May 3

Dr merchandise inventory 27,000

   Cr Cash 27,000

May 5

Dr Accounts receivable 19,500

    Cr Sales 19,500

May 5

Dr COGS 13,500

     Cr Merchandise inventory 13,500

May 7

Dr Sales returns and allowances 1,950

     Cr Accounts receivable 1950

Dr Merchandise inventory 1350

     Cr COGS 1350

May 8

Dr Sales returns and allowances 750

     Cr Accounts receivable 750

May 15

Dr Cash 16464

Dr Sales discount 336

    Cr Account receivable 16800

19500-1950-750 = 16800

16800*2% = 336

7 0
3 years ago
Which of the following is not an appropriate member of an audit committee?
Naya [18.7K]
It’s B, have a good day☀️
7 0
3 years ago
he Raven Co. has just gone public. Under a firm commitment agreement, Raven received $18.60 for each of the 30 million shares so
alexandr1967 [171]

Answer:

11.14%

Explanation:

Fund raised is the actual amount raised when the share is offered for sale in the market. Since the price of the shares fluctuated, this can be calculated by getting the average of $19.40 per share which is the initial offering price and $22.40 per share which the stock rose to in the first few minutes of trading and then multiply it by the 30 million shares sold. This calculated as:

Fund raised = [($19.40 + $22.40) ÷ 2] × 30,000,000

                    = $20.90  × 30,000,000

                    = $627,000,000  

Amount received by Raven can be calculated by multiplying the amount received per share of $18.60 by the 30 million shares sold. This is given as follows:

Amount Received by Raven = $18.60 × 30,000,000

                                                = $558,000,000  

Flotation cost is the addition of all expenses a company spent when it offers its securities for sale to the public. These expenses include underwriting fees, registration fees, and legal fees.

From the question, the floating cost is therefore the addition of direct legal and other costs of $640,000 and indirect costs of $220,000 paid by Raven as well as the difference between the amount raised and the amount received by Raven (i.e. $627,000,000 - $558,000,000 = $69,000,000). This floating cost calculation is given as follows:

Floating cost = $640,000 + $220,000 + $69,000,000  

                      = $69,860,000  

The flotation cost as a percentage of funds raised = ($69,860,000 ÷ $627,000,000) × 100

                                                                                    =  0.1114 × 100

                                                                                     = 11.14%

 Therefore, the flotation cost as a percentage of funds raised is 11.14%.

6 0
2 years ago
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