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3 years ago

Which of the following statements is NOT CORRECT?

Business

1 answer:

kkurt [141]3 years ago

4 0

Answer:

b. A Eurodollar is a U.S. dollar deposited in a bank outside the U.S.

Explanation:

A Eurodollar is a bond issued by a foreign company in US dollars instead of heir own domestic currency. Eurodollars are issued and redeemable at the foreign country, no the US. It has nothing to do with money deposited in banks outside of the US, since it refers to bonds, not deposits.

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The price of gold increases by 200%. if the price elasticity of demand for gold is 0.4, what will happen in the market?

SCORPION-xisa [38]

I believe the answer will be that, the Gold sales will decrease by 80%. (200 × 0.4)
Price elasticity is a measure of the change in the quantity demanded or purchased of a product in relation to its price change. It is the percentage change in the quantity demanded of a good or a service divided by the percentage change in the price.
That is; Price elasticity of demand = % change in quantity/% change in price

3 0

3 years ago

All of the following are considered routine business messages except a. an all-staff memo that outlines the new procedures for p

dsp73

Answer:

d. a letter to a customer denying a request for credit.

Explanation:

Routine messages are part of a business' daily operations; It communicates the what, who, where and when elements of operations. They are usually simple and positive requests for information or action by one person to another, daily meeting with coworkers, new updates and instructions as well as replies to customers. Among the choices given, a letter to a customer denying a request for credit is not part of it.

3 0

3 years ago

The Mega-Bank is considering either a bankwide overhead rate or department overhead rates to allocate $135,000 of indirect costs

siniylev [52]

Answer:

The Mega-Bank

The amount allocated to the Commercial Department is:

= $324,810.

Explanation:

a) Data and Calculations:

Indirect costs = $410,000

Department DLH Loans Processed Direct Costs

Consumer 16,000 650 $350,000

Commercial 7,000 400 $250,000

Total 23,000 1,050 $600,000

Allocation Bases:

Bankwide rates:

DLH = $410,000/23,000 = $17.83

Loans processed = $410,000/1,050 = $390.48

Commercial Department Allocated Costs:

Cost to process loans = $500 * 400 = $200,000

Cost based on DLH = $17.83 * 7,000 = 124,810

Total costs = $324,810

7 0

3 years ago

n 2016, Joshua gave $14,000 worth of Microsoft stock to his son. In 2017, the Microsoft shares were worth $23,000. What was the

ElenaW [278]

Answer:

Explanation:

There is a provision that if the tax received on the money with respect to the valuation of the property is more than the $14,000 the same is to be taxable

Since there is $14,000 worth so no tax collection could be made on the gift amount

If the gift amount exceeds $14,000 the same is to be taxable

So the gift tax in 2016 would be $0

8 0

4 years ago

Jordan Company budgeted sales of 400,000 calculators at $40 per unit last year. Variable manufacturing costs were budgeted at $1

MariettaO [177]

The minimum price Jordan would accept for this special order is $22

Explanation:

Special order 40,000 calculators

Order price $23

Total order price = 40,000× $23 = 920,000

$Total order price = 40,000× $23 = 920,000$

Note : according to the question.,there is no need for fixed manufacturing costs

Total cost Estimation = (Variable cost +estimated additional cost )×T.units

= (19 + 3) = 22 ×40,000 units = 880,000

$= (19 + 3) = 22 ×40,000 units = 880,000$

profit from this order = 23-22 = 1 per unit ×40,000 = 40,000

The minimum price Jordan would accept for this special order is $22

3 0

4 years ago