All categories

2 years ago

Discussion topic

Business

1 answer:

KiRa [710]2 years ago

4 0

Explanation:

for me I feel that if you put something on the line maybe like money or a huge deal. Then you put them together to work on it

You might be interested in

One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

Given : 1 unit of peso = 12 grains of gold

1 unit of US Dollar = 18 gains of gold

To find : 1 peso = ___ dollars

1 grain of gold = $\frac{1}{12}$ peso

similarly, 1 grain of gold = $\frac{1}{18}$ dollars

this means, $\frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars$

it means 1 peso = $\frac{12}{18} \ dollars$

or 1 peso = $\frac{2}{3} \ dollars$

or 1 dollar = 1.5 pesos

6 0

3 years ago

At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba

Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

Applied Overheads are calculated as :

Pre-determined Overhead Rate multiplied by Actual Activity

Predetermined Overhead Rate is calculated as follows :

Budgeted Overheads divided by Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

= $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

= $ 27,500

The Overheads Applied are then Compared to Actual Overhead Cost to determine is the Overheads where Over or Under Applied

Therefore our case presents the following:

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0

3 years ago

If your lifestyle budget is $50,000 a year, selecting a career earning $75,000 will most likely allow you to meet your lifestyle

Aleks [24]

This question is a True statement

7 0

3 years ago

Read 2 more answers

The Fortunato Corp.'s inventory at Dec 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary

AleksandrR [38]

Answer:

$405,000

Explanation:

The computation of the ending inventory reported is shown below:

Inventory on December 31,2018 $325,000

Add: Goods purchased from a vendor i.e shipping point $30,000

Add: Goods sold FOB destination to customer $38,000

Add: consignment by Brecht Inc $12,000

Ending inventory reported $405,000

In the above cases, the added items indicates the ownership is transferred to buyer , received by buyer and remains with the buyer

4 0

3 years ago

Just prior to completing the adjusted trial balance, Paula prepared the __________ section. After she finishes the adjusted tria

iVinArrow [24]

Answer:

Just prior to completing the adjusted trial balance, Paula prepared the Adjusting entries section. After she finishes the adjusted trial balance, she will complete the financial statement section of the worksheet.

Explanation:

Starting from the two first column of the unadjusted trial balance The accountant will prepare and complete the adjusting entries section. After that, the combination of the unadjusted TB and the adjusting entries will give the adjusted trial balance. After that, the account balance is distributed according to the financial statement --> Balance sheet and income statement.

3 0

2 years ago