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zavuch27 [327]
3 years ago
7

A friend of yours suggests a get-rich-quick scheme: borrow from the nation with the lower nominal interest rate, invest in the n

ation with the higher nominal interest rate, and profit from the interest-rate differential. Which of the following statements explains the flaw in your friend's logic? Nominal exchange rates adjust for the effects of inflation. The scheme would work only if the real interest rates are the same in both nations. The scheme would work only if there is greater inflation in one nation than in the other.
Business
1 answer:
slava [35]3 years ago
3 0

Answer:

Nominal exchange rates adjust for the effects of inflation.

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"$1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will b
IgorLugansk [536]

The question is incomplete. Here is the complete question.

The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is

Answer:

$26,000

Explanation:

Weber company purchases a mining site for $1,750,000

The company is expected to mine ore for a period of 10 years

A total of 400,000 tons is expected to be recovered

The estimated residual value of the property is $150,000

During the first year, the company extracts 6,500 tons

Therefore, the depletion expense can be calculated as follows

Depletion expense= Actual number of tons that was extracted/Total number of tons to be extracted during the working period × (Original cost of the site-residual value)

= 6,500 tons/400,000 tons × ($1,750,000-$150,000)

= 0.01625 × $1,600,000

= $26,000

Hence the depletion expense is $26,000

3 0
3 years ago
Which of the following statements are correct? Variable service department costs are charged to operating divisions based on the
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Answer:

•Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.

• Fixed service department costs are based entirely on budgeted data.

Explanation:

Out of the statements in the question, the correct statements are:

Fixed service department costs are based entirely on budgeted data and

Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.

It should be noted that fixed cost doesn't varies with production level but variable cost varies with production level.

5 0
3 years ago
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