Wilma's Winery uses the indirect method to determine net cash provided by operating activities. During 2017, Wilma experienced a

The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde

Alexandra [31]

Answer:

1. Dr Raw materials inventory $175,000

Cr Cash $175,000

2. Dr Goods in process inventory $138,000

Cr Raw materials inventory $138,000

3. Dr Factory overhead $7,000

Cr Raw materials inventory $7,000

Explanation:

Preparation of journal entries transactions for the month of May.

1. Dr Raw materials inventory $175,000

Cr Cash $175,000

2. Dr Goods in process inventory $138,000

Cr Raw materials inventory $138,000

($26,000+$175,000-$7,000-$56,000)

3. Dr Factory overhead $7,000

Cr Raw materials inventory $7,000

4 0

2 years ago

Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o

guajiro [1.7K]

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

<h3>What are floating exchange rates?</h3>

A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences.
A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).
When the international value of a country's currency rises, so do its imports, and vice versa.

As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.

Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

Know more about floating exchange rates here:

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The question you are looking for is here:

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.

3 0

2 years ago

Consider the relative liquidity of the following assets: Assets 1. A $50 bill 2. The funds in a savings account 3. A boat you ow

zheka24 [161]

Answer:

1,2,4,3

Explanation:

Liquidity measures how quickly an asset can be converted and used as a medium of exchange.

$50 bill is the most liquid because it can be readily used as a medium of exchange without any conversion.

The funds in a savings account is the second most liquid because because it must first be withdrawn from a bank account before it can be used as a medium of exchange. It can be converted to a medium of exchange within a day.

A bond issued by a publicly traded company is the third most liquid because it takes a longer period for it to be converted to cash.

A boat is the least liquid because it takes a long while to find a buyer for a boat.

I hope my answer helps you.

4 0

3 years ago

Price discrimination is a rational strategy for a profit-maximizing monopolist when.

MrRa [10]

Answer:

5 is the

Explanation:

ihnbhbis the answer

4 0

1 year ago

How does the viscosity of the magma fed to volcanoes affect nearby life and property?

saveliy_v [14]

<span>A volcano that expels highly viscous magma is a greater threat to life and property because it is more explosives and thus is more difficult or impossible to predict. When there are more explosives happen, the damage that created to nearby life and poverty will also be increased. Depending on the amount of magma that being erupted, it might take more than ten years for the soil to have good enough composition for plants to grow.</span>

8 0

2 years ago