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3 years ago

Select the correct answer.

Business

1 answer:

djverab [1.8K]3 years ago

3 0

Answer:

c is the answer to the question

Explanation:

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Don Howard is a trader who likes to make money based on changes in the foreigncurrency exchange market. Currently the spot rate

IrinaVladis [17]

Answer:

Don profit in the forward market can be USD 48,152.37

Explanation:

Spot rate currently is at 24.0239 MXN/USD

Sell USD forward at 26.5693 MXN/USD

Profit on settlement after 3 months = (Selling price - buying price)*Number of units

Profit on settlement after 3 months = (26.5693 - 25.3487)*1,000,000

Profit on settlement after 3 months = MXN 1,220,600

The exchange rate is expected to move to 25.3487 by Clint

Hence, 1,220,600/25.3487 = USD 48,152.37

Don profit in the forward market can be USD 48,152.37 if hewants to trade USD 1,000,000

3 0

3 years ago

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget ________. only includes vari

Stells [14]

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget includes costs that are projected by the cost accountant and the production manager. It contains the all manufacturing costs and expenses, except the direct materials (raw materials) and direct labor.

4 0

3 years ago

Pine Street Inc. makes unfinished bookcases that it sells for $58.10. Production costs are $37.49 variable and $10.50 fixed. Bec

love history [14]

Answer:

Pine Street should sell finished bookcases because they have a higher contribution margin.

Explanation:

We compare the contribution margin of the two categories to find out whether Pine Street should sell unfinished or finished bookcases.

Pine Street Inc.

Unfinished bookcases

Contribution Margin

Sales Price $58.10

Less Production costs

Variable Costs $37.49

Fixed Costs $10.50 (47.99)

Contribution Margin $ 10.11

Pine Street should sell finished bookcases because they have a higher contribution margin. It is almost double of the unfinished book cases contribution margin.

Pine Street Inc.

Finished bookcases

CONTRIBUTION MARGIN

Sales Price $74.91

Less Production costs

Variable Costs $37.49 + $5.79 = $ 43.28

Fixed Costs $10.50 $ (53.78)

Contribution Margin $ 21.13

4 0

3 years ago

Westfall Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total

Dafna11 [192]

Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

Westfall Industries

Statement of cash flows (extract)

Net income $81,000

Add Loss on the sale of land 4,000

Depreciation expense 8,000

Decrease in current asset 2,000

Increase in current liabilities 4,000

Cash flows from operating activities $99,000

Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.

Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.

5 0

3 years ago

Explain . does consumption being contentment?

Vlad1618 [11]

Answer: No.

Explanation: Consumption is not contentment because one can consume something without been satisfied of that either because it wasn't what was expected as in the taste.

8 0

3 years ago