Blank is the deadline for filing both federal and state income tax returns.

Christoph Hoffeman of Kapinsky Capital believes the Swiss franc will appreciate versus the U.S. dollar in the coming 3-month pe

Rama09 [41]

Answer:

Check the explanation

Explanation:

a. Calculate Christoph’s expected profit assuming a pure spot market speculation strategy.

Details Amount

Number of Swiss francs can buy and

invest with $100,000 ($100,000/$0.5820) 171821.31

After 3 months SF's are sold to acquire

dollars back SF 171821.31* $0.6250) $107,388

Less: Invested dollars $ 100,000.00

expected profit assuming he buys or sells

SF three months forward $7,388

b. Calculate C’s expected profit assuming he buys or sells SF three months forward:

Details Amount

Number of Swiss francs can buy and

invest with $100,000 ($100,000/$0.5640 $ 177304.96

After 3 months SF's are sold to acquire

dollars back SF 177,304.96* $0.6250) $ 110,815.60

Less: Invested dollars $ 100,000.00

expected profit assuming he

buys or sells SF three months forward $10,816

8 0

3 years ago

[The following information applies to the questions displayed below.] The following information is available for Lock-Tite Compa

S_A_V [24]

Answer:

raw materials 210,000 debit

cash 210,000 credit

-- to record purchase of materials--

factory overhead 80,000 debit

WIP inventory 265,000 debit

cash 345,000 credit

-- to record payment and allocationf of wages --

factory overhead 15,000 debit

WIP inventory 186,000 debit

inventory 201,000 credit

--to record use and allocationf of materials--

factory overhead 120,000 debit

accoutns payable 120,000 credit

-- to record other overhead expenses--

WIP 185,500 debit

factory overhead 185,500 credit

--to record applied overhead--

finished goods 625,400 debit

WIP 625,400 credit

--to record trasnferred-out goods--

cash 1,400,000 debit

sales revenue 1,400,000 credit

--to record sales revenue--

COGS 652,800‬ debit

inventory 652,800 credit

--to record COGS for the period--

COGS 14,500 debit

factory overhead 14,500 credit

--to record underapplied overhead--

Explanation:

for the use of materials:

Beginning Raw Materials 43,000

Purchases 210,000

Ending Raw materials (52,000)

Used: 201,000

Indirect materials (15,000)

direct materials: 186,000

applied overhead

265,000 direct labor x 70% = 185,500

transferred out:

Beginning WIP 10,200

cost added <u> 636,500 </u>

total cost 646,700

ending WIP (21,300)

COGM 625,400

COGS

63,000 + 625,400 - 35,600 =652.800‬

adjusmtent for overhead:

applied 185,500

actual overhead: 200,000

underapplied for 14,500

5 0

3 years ago

By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:

Serjik [45]

Answer:

the principal-agent problem

Explanation:

In the case when there is a tied of the top corporate managers salary with the price of the corporation stock so here the corporation should avoid the principal agent problem as it deals with the conflict with respect to the priorities that lies between the person and the representative.

So the above should be the answer

4 0

3 years ago

Suppose the civilian non-institutionalized working age population is 35.9 million in Laborland.

DanielleElmas [232]

Answer: a. 24.05 million

b. 66.99%

c. 4.62 million

d. 19.21%

Explanation:

a. Total Labor force is the sum total of people who are employed and those who are actively looking for work. The Bureau of Labor Statistics defines actively looking for work as looking for work int he past 4 weeks.

= Part-time workers + full time workers + those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks

= 4.9 million + 14.53 million + 2.90 million + 1.72 million

= 24.05 million

b. labor force participation rate is the percentage of a country's non-institutionalized working age population that are actively looking for work. Its formula = $\frac{total labor force}{non-institutionalized working age population}$ X 100

Laborland's labor force participation rate (%) = $\frac{24.05 million }{35.9 million }$ X 100

= 66.99%

c. Unemployed People by the standards of the Bureau of Labor Statistics are the people who have looked for work in the past 4 weeks and are still employed. That is those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks.

= 2.90 million + 1.72 million

= 4.62 million

d. Unemployment rate is the percentage of the labor force that are actively looking for work and are still out of work.

Unemployment rate = $\frac{unemployed}{labor force}$ x 100