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Free_Kalibri [48]

3 years ago

9

If a bank benefits when a foreign currency declines in value, then the bank must be in a __________ position. The term below tha

t correctly fills in the blank in the preceding sentence is: Group of answer choices

1 answer:

Rzqust [24]3 years ago

8 0

Short position (I think you were supposed to add answers)

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A land title search office has a staff of three, each working eight hours per day (for a total payroll cost of $480/day) and ove

miv72 [106K]

<span>Well, your costs per title have decreased from: $780/7 = $111.43 to: $1080/12 = $90 That represents a decrease in costs of almost 20%. Then. taking the change in titles processed per dollar of cost (the reciprocals of previous calculations), means that total productivity has increased by around 23.8%. Are you calculating labor productivity as including overhead? Because then the answer is 23.8%.</span>

4 0

3 years ago

Read 2 more answers

Megan Corp. recognizes revenue over time to account for long-term contracts. At the date the contract is signed, the price is $6

Alika [10]

Answer:

a. $30,000 loss

Explanation:

Calculation to determine What is the amount of gross profit or loss that is recognized in year 2

First step is to calculate the Year 1 Cost to cost ratio using this formula

Year 1 Cost to cost ratio = 200,000 / ( Costs incurred + Cost to complete)

Let plug in the formula

Year 1 Cost to cost ratio= 200,000 / (200,000 + 200,000)

Year 1 Cost to cost ratio= 50%

Second step is to calculate the Gross profit or loss using this formula

Gross profit/Loss = 50% * ( Price - estimated cost to complete)

Let plug in the formula

Gross profit/Loss= 50% ( 600,000 - 400,000)

Gross profit/Loss= $100,000

Third step is to calculate the Year 2 Cost to cost ratio

Using this formula

Year 2 Cost to cost ratio = 350,000 / ( Costs incurred + Cost to complete)

Let plug in the formula

Year 2 Cost to cost ratio = 350,000 / (350,000 + 150,000)

Year 2 Cost to cost ratio = 350,000 / 500,000

Year 2 Cost to cost ratio = 70%

Now let calculate the gross profit or loss using this formula

Gross profit = 70% * ( Price - estimated cost to complete) - Previous Gross

Let plug in the formula

Gross profit= 70% ( 500,000 - 400,000) - 100,000

Gross profit= -$30,000

Gross Loss of $30,000 in Year 2

4 0

4 years ago

Which of the following statements is CORRECT? Select one: a. One disadvantage of organizing a business as a corporation rather t

Alecsey [184]

Answer:

e. The managers of established, stable companies sometimes attempt to get their state legislatures to impose rules that make it more difficult for raiders to succeed with hostile takeovers

Explanation:

A hostile takeover refers to a type of corporate merger or acquisition that is carried out against the wishes of the managers of the target company. As a result the stable organisations management attempt to get their state legislatures impose their administrative regulations; thus making it far more difficult for the corporate raider to succeed in hostile takeovers. Moreover the management usually does not prefer the hostile takeovers

7 0

4 years ago

Read 2 more answers

Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean

BabaBlast [244]

Answer: False

Explanation:

The contract is such that Molly agreed to bring bracelets if Jean would pay for said bracelets.

The terms of the contract therefore are that Jean would pay and Molly would deliver. Jean then calls Molly and says that they will be unable to pay which means that they are not going to be able to hold up their responsibilities in the contract.

Molly has the right to then cancel the contract because the other party will not be able to perform their obligations and face no repercussion for it.

6 0

3 years ago

The petty cash fund of the Brooks Agency is established at $250. At the end of the current period, the fund contained $172 and h

KatRina [158]

Answer:

a.

Date Account Title Debit Credit

XX-XX-XX Petty Cash $250

Cash $250

b.

Date Account Title Debit Credit

XX-XX-XX Entertainment expense $41

Postage $25

Printing $12

Petty Cash $ 78

Date Account Title Debit Credit

XX-XX-XX Petty Cash $78

Cash $78

2. Reasons why a Petty Cash account would be credited:

a. Fund amount is being reduced.

c. Fund is being eliminated

When the fund is being reduced by expenses, it is credited as shown above.

When the fund is to be eliminated, it will be credited so as to remove all the money in it.

7 0

3 years ago