Which of the following would affect a country’s currency value?

Tamarisk, Inc. purchased a delivery truck for $29,200 on January 1, 2020. The truck has an expected salvage value of $2,200, and

solmaris [256]

Answer:

1. $3375

$3375

2. $4347

$3456

3 $7300

$5475

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $29,200 - $2,200,) / 8 = $3375

depreciation expense each year is $3375

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/8 = 0.25

2020 = 0.25 x 29200 = 7300

2021 = 0.25x( 29200 - 7300)

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

8 0

3 years ago

Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the com

mixer [17]

Answer: Trade obstacle

Explanation:

From the information given, we can infer that the demands are examples of trade obstacle.

Trade obstacles refers to the barriers which hinder a trade or the restrictions on an international trade. Trade obstacles can be tariffs or other non-tariff methods. Trade obstacles lead to difficulties in the sale of a product to other countries.

4 0

3 years ago

You will receive $5,000 a year in real terms for the next 5 years. Each payment will be received at the end of the period with t

photoshop1234 [79]

Answer:

$20,229.5

Explanation:

Given:

Amount to be received = $5,000

Time period, n = 5 years

nominal discount rate = 10.725%

inflation rate = 3 percent

Now,

Using the Fischer's relation, we have

1 + Nominal rate = ( 1 + Real rate ) × ( 1 + Inflation )

on substituting the values, we get

( 1 + 10.725% ) = ( 1 + Real rate ) × ( 1 + 3% )

or

1.10725 = ( 1 + Real rate ) × 1.03

or

( 1 + Real rate ) = 1.075

or

Real rate = 1.075 - 1 = 0.075 or 7.5%

Thus,

Present Value of an ordinary annuity that makes $5000 every year payment for 5 years will be calculates as:

Present value = Monthly payment × $[\frac{(1-(1+r^{-n})}{r}]$

or

Present value = $5000\times[\frac{1 - (1 + 0.075)^{-5}}{0.075}]$

or

Present value = 5000 × 4.0459

or

Present value = $20,229.5

3 0

3 years ago

If a person moves to a state where housing, goods, and services are more expensive, their _____ has increased.A.occupationB.econ

vaieri [72.5K]

I'm pretty sure it's c. cost of living.

6 0

2 years ago

Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for commo

inna [77]

Answer:

The Journal entries are as follows:

(i) On August 1,

Cash A/c Dr. $6,500

photography equipment A/c Dr. $33,500

To common stock $40,000

(To record the issuance of common stock for cash and photography equipment)

(ii) On August 2,

Prepaid insurance A/c Dr. $2,100

To cash $2,100

(To record the cash paid in advance for insurance)

(iii) On August 5,

Office supplies A/c Dr. $880

To cash $880

(To record the cash paid for office supplies)

(iv) On August 20,

Cash A/c Dr. $3,331

To photography fees earned $3,331

(To record the photography fees earned)

(v) On August 31,

Utilities A/c Dr. $675

To cash A/c $675

(To record the cash paid for utilities)

8 0

3 years ago