What factors do you think are most important to luxury buyers?

On August 1, Steffen Computers, Inc. purchased thirty computer chips on account from a company located in Taiwan for 520,000 Tai

Vsevolod [243]

Answer:

(C) debit to Foreign-Currency Transaction Loss-$1040

Explanation:

Foreign currency related Financial assets and financial liabilities are usually revalued with any difference as a result of the exchange rates posted as a gain or loss in the income statement.

On transaction date, cost of assets

= 520000 * $0.034

On payment date, the amount paid

= 520000 * $0.036

The amount paid is higher than the liability recorded before hence the difference is recognized as a loss on foreign exchange.

= 520000 * $0.036 - 520000 * $0.034

= $1040

4 0

3 years ago

What type of relationship exists between interest rates and aggregate spending?

kakasveta [241]

Answer:

Explanation:

Higher real interest rates reduces aggregate expenditure by increasing the cost of loans while increasing the earnings from savings. Both factors reduce expenditures by reducing consumption and investments, and therefore, aggregate expenditure.

7 0

3 years ago

Read 2 more answers

from accessibility improvement to land development: a comparative study on the impacts of madrid-seville high-speed rail.

iris [78.8K]

The five cities connected by the Madrid-Seville High-Speed Rail (HSR)—Madrid, Ciudad Real, Puertollano, Cordoba, and Seville—that have changed their land cover are the subject of this study. Between 1991 and 2006, there was an analysis. According to the report, the two largest cities in the Madrid-Seville region—Madrid and Seville—receive the majority of the benefits from land development, although smaller HSR-served cities also gain from this. Each city has its own unique land development process.

Madrid–Seville high-speed rail line.
The 472 kilometres (293 miles) long Madrid-Seville high-speed line, also known as NAFA or Nuevo Acceso Ferroviario a Andaluca, is a Spanish railway line used for high-speed travel between Madrid and Seville. Since April 21, 1992, the first high-speed rail link in Spain has been operational, reaching speeds of up to 300 km/h (186 mph). Over half less time was required to go between the two end points.

The high-speed rail line from Madrid to Malaga departs at Cordoba. Only the Alvia service is extended from Seville to Cádiz.

to learn more about Seville High-speed rail line
brainly.com/question/1995853
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6 0

1 year ago

Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs

Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

Cost per unit = $13

Second step is to calculate the inventory transferred using this formula

Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .

Let plug in the formula

Inventory transferred = 2,000 + 9,000 - 1,000

Inventory transferred = 10,000 units

Now let calculate the value of the inventory transferred

Using this formula

Value of inventory transferred = Inventory transferred × Cost per unit

Let plug in the formula

Value of inventory transferred = 10000 × $13

Value of inventory transferred = $130,000

Therefore the value of the inventory transferred to the next department is $130,000

8 0

3 years ago

Sales $200,000 Net income 100,000 Depreciation 20,000 Interest 10,000 Taxes 5,000 What is the company’s operating profit margin?

WITCHER [35]

Answer:

57.5%

Explanation:

Data Provided:

Total Sales = $ 200,000

The net income = $ 100,000

Depreciation = $ 20,000

Interest = $ 10,000

Taxes = $ 5,000

Now,

the operating profit is the from the income before the taxes and interest. Thus,

the interest and taxes will be included in the net income for the operating profit

therefore,

The operating profit = income + Interest + Taxes

or

The operating profit = $ 100,000 + $ 10,000 + $ 5,000 = $ 115,000

Now,

the operating profit margin = ( Operating profit / Sales ) × 100

or

= ( $ 115,000 / $200,000 ) × 100 = 57.5%

3 0

3 years ago