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2 years ago

Use the information below to answer the following questions.

Business

1 answer:

sleet_krkn [62]2 years ago

5 0

Answer:

A. Z936.77

B. 1.2379

C.$5,694,340

D.New Zealand dollar

Explanation:

a. Calculation to determine how many Polish zlotys can you get

Numbers of polish=$280(Z3.3456/$1)

Numbers of polish =Z936.77

Therefore the numbers of Polish zlotys that you can get is Z936.77

B. Based on the information given the worth of one euro in U.S. dollars is 1.2379

C. Calculation to determine how many dollars do you have

Dollars amount=€4,600,000($1.2379/€)

Dollars amount=$5,694,340

Therefore The amount of dollars you have is $5,694,340

D. Based on the information given NEW ZEALAND DOLLAR is worth more.

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Products is a manufacturer of large flower pots for urban settings. The company has these standards:

slega [8]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the standard production costs:</u>

Direct materials= 9.6*4.55= $43.68

Direct labor= 1*15.80= $15.8

Variable manufacturing overhead rate= 3.40*1= $3.4

Predetermined fixed manufacturing overhead rate= 6*1= $6

<u>Finally, the standard cost per unit:</u>

Total unitary cost= 43.68 + 15.8 + 3.4 + 6= $68.88

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2 years ago

Assume that Horicon Corp acquired 25% of the common stock of Sheboygan Corp. on January 1 for $300,000. During the year Sheboyga

Misha Larkins [42]

Answer:

Option C. Debit Cash and credit Stock Investments

Explanation:

The reason is that in the equity method of recording the dividends receipts, it is always deducted from the stock investment and the relevant share of reported net income of the associate is added to the stock investment.

So mathematically,

Stock Investment Under Equity Method = Opening Value for the year + Share of Net Income - Dividend received

Stock Investment Under Equity Method = $300,000 + $160,000 * 25% + $60,000 * 25% = $325,000

The above treatment shows that the recording of dividends include credit to stock investment and the cash receipt is always debited.

So the double entry would be:

Dr Cash $15,000

Cr Dividends $15,000

So the option C is correct.

3 0

3 years ago

What percentage of those over the age of 75 in the united states has never married?

yan [13]

In the year 2000, the US census showed that 9.1% of those over 75 had not married so the percentage is relatively low and from 75-84 yrs old, about 50% were still married, 40% were widowed and 5.4 % were divorced.

6 0

3 years ago

A competitive market produces the economically efficient outcome if the following conditions are met, except Multiple Choice

jarptica [38.1K]

Answer:

The correct answer is (a)

Explanation:

In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.

Marginal cost = Marginal revenue

5 0

2 years ago

You borrow $12,600 to buy a car. The terms of the loan call for monthly payments for five years at an interest rate of 4.65 perc

UkoKoshka [18]

Answer:

$627

Explanation:

To find the answer, we use the present value of an annuity formula:

$P = A[1-(1+i)^{-n} /i]$

Where:

P = Present value of the investment
A = Value of the annuiry
i = interest rate
n = number of compounding periods

Now, we plug the amounts into the formula:

$12,600 = A[1-(1+0.0465)^{-60} /0.0465\\]$

12,600 = A (20.09870355)

A = 12,600/20.09870355

A = 627

Thus, the value of the monthly payments is $627

4 0

3 years ago