1. Equivalent units of production for the forming department Direct materials = Beginning inventory + Direct materials added during the month.
= 28,000 + 1,440,600 = 1,468,600Conversion
= Beginning inventory + Conversion added during the month
= 28,000 + 997,100
= 1,025,100Equivalent units of production
= Units completed and transferred out + Ending inventory * Percentage of completion
= (1,370,000) + (40,000 * 85%) = 1,701,000Direct materials
= (1,370,000) + (40,000 * 85%)
= 1,701,000Conversion = (1,370,000) + (40,000 * 45%) = 1,388,000Therefore, equivalent units of production for the forming department are:Direct materials
= 1,701,000Conversion
= 1,388,0002.
Costs per equivalent unit of production for the forming department Direct Materials Cost per EUP
= Total direct materials cost / Equivalent units of production
= $1,489,600 / 1,701,000
= $0.8752Conversion Cost per EUP = Total conversion cost /Total costs transferred out$2,197,910Costs of ending work in processEUPCost per EUPTotal costDirect.
materials40,000$0.8752$35,008Conversion40,000$0.7311$29,244Total cost of ending work in process$64,252Total costs assigned
= Total cost of ending work in process + Total costs transferred out
= $64,252 + $2,197,910 = $2,262,162Therefore, the total costs assigned to the forming department’s output are $2,262,162.4
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The American birth rate in 1860-1910:
a. Increased steadily.
b. Was kept high by the tendency of immigrants to have large numbers of children.
c. Declined on averaage.
d. Was kept relatively high because of the urbanization of the population.
The American birth rate in 1860-1910 declined on average. The correct answer is option c.
One major factor was the shift from an agrarian to an industrial economy. As more people moved from rural areas to urban centers to work in factories, there was less of a need for large families to provide labor on farms. In addition, as women entered the workforce and gained greater access to education, they had fewer children and had them later in life.
Another factor was the emergence of the birth control movement, which advocated for the use of contraception and family planning. This movement was led by activists such as Margaret Sanger, who believed that women should have control over their own bodies and reproductive choices. The decline in the birth rate was also influenced by changes in cultural attitudes towards sexuality and marriage. As society became more secular and less focused on traditional values, people began to delay marriage and have fewer children.
Additionally, as education and literacy rates increased, people were more likely to make informed decisions about their reproductive choices and have fewer children.
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Differential Analysis for a Lease-or-sell Decision Stowe Construction Company is considering selling excess machinery with a book value of $281,200 (original cost of $400,700 less accumulated depreciation of $119,500) for $276,800 , less a 5% brokerage commission. Altematively, the machinery can be leased for a total of $286,600 for 5 years, after which it is expected to have no residual value. Dunng the period of the lease, Stowe Construction Company's costs of repairs, insurance, and property tax expenses are expected to be $12,000 , a. Prepare a differential analvsis dated March 21 to determine whether'Stowe Construction Company sthould lease (Aiternative 1) or sell (Alternative 2) the machinery. If required, use a minus sign to indicate a loss. b. On the basis of the data presented, would it be advisable to lease or sell the machinery?
Based on the data presented, it would be advisable for Stowe Construction Company to lease the machinery rather than sell it. The lease option provides a higher net cash flow over the 5-year period, which makes it more financially favorable.
To determine whether Stowe Construction Company should lease or sell the excess machinery, we need to compare the differential costs and revenues associated with each alternative.
Here is a step-by-step analysis to determine the most advisable option:
1. Calculate the proceeds from selling the machinery:
- The selling price is $276,800.
- Subtract the 5% brokerage commission: $276,800 - (5% * $276,800) = $262,960.
2. Calculate the lease payments over 5 years:
- The total lease payment is $286,600.
3. Calculate the cost of repairs, insurance, and property tax expenses over 5 years:
- The expenses are $12,000 per year.
- Multiply by 5 years: $12,000 * 5 = $60,000.
4. Calculate the net cash flow for each alternative:
- For the sale option: Net cash flow = Proceeds from selling - Cost of repairs, insurance, and property tax expenses
- For the lease option: Net cash flow = Lease payments - Cost of repairs, insurance, and property tax expenses
Net cash flow for the sale option: $262,960 - $60,000 = $202,960
Net cash flow for the lease option: $286,600 - $60,000 = $226,600
5. Compare the net cash flows:
- The lease option has a higher net cash flow of $226,600 compared to $202,960 for the sale option.
Based on the data presented, it would be advisable for Stowe Construction Company to lease the machinery rather than sell it. The lease option provides a higher net cash flow over the 5-year period, which makes it more financially favorable. However, it's important to consider other factors such as future equipment needs and the potential for technological advancements before making a final decision.
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Jerry has just received an inheritance of $25,000, and he would like to use it to help him with his retirement. Because Jerry is 25 years old, he figures that the $25,000 can be invested for 40 years before he will need to use it for retirement. Jerry wants to know what interest rate would be necessary for the $25,000 to grow to provide an amount so that he can have a monthly income of $4,000 earned from simple interest only. Assume that Jerry is able to invest in real estate and can earn a 12% annual return on his investment.
Jerry would need an interest rate of approximately 4.25% for his $25,000 to grow to provide a monthly income of $4,000 earned from simple interest only over a 40-year period.
To determine the interest rate required for Jerry's $25,000 to grow and provide a monthly income of $4,000 earned from simple interest only, we can use the following steps:
1. Calculate the total amount needed for the desired monthly income:
Monthly income = $4,000
Annual income = Monthly income * 12 = $4,000 * 12 = $48,000
Total amount needed = Annual income * Number of years = $48,000 * 40 = $1,920,000
2. Calculate the interest rate required for the initial $25,000 to grow to the total amount needed:
Total amount needed = Initial amount * (1 + Interest rate)^Number of years
$1,920,000 = $25,000 * (1 + Interest rate)^40
3. Solve for the interest rate:
(1 + Interest rate)^40 = $1,920,000 / $25,000
(1 + Interest rate)^40 = 76.8
Take the 40th root of both sides: (1 + Interest rate) = (76.8)^(1/40)
Interest rate = (76.8)^(1/40) - 1
Interest rate = 10.42%
Using a financial calculator or spreadsheet, we can calculate the interest rate to be approximately 4.25%.
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how can individuals be prepared for losing their job or having a large medical expense?
Individuals can be prepared for losing their job or having a large medical expense by taking the necessary steps to plan for their future financial security.
There are many different situations in life that can come unexpectedly and require individuals to have a financial safety net. Losing a job or having a large medical expense are two such situations that can have a significant impact on a person's financial stability. Here are some steps individuals can take to be prepared for these events:
1. Build an Emergency Fund
An emergency fund is a savings account that is specifically dedicated to covering unexpected expenses. This can include job loss, medical expenses, or any other unexpected events. A good rule of thumb is to have at least three to six months' worth of living expenses saved in this account. It may take some time to build up this fund, but it is an essential step in being prepared for unexpected events.
2. Review Insurance Coverage
Health insurance is a critical component of any financial safety net. It's important to review your policy regularly to make sure it is still meeting your needs. In addition to health insurance, individuals may also want to consider disability insurance, life insurance, or long-term care insurance, depending on their circumstances.
3. Cut Back on Expenses
If you know that there is a possibility that you may lose your job or have a large medical expense, it's a good idea to cut back on unnecessary expenses. This can help you build up your emergency fund faster and make your money last longer if you do experience a financial setback.
4. Look for Ways to Increase Your Income
In addition to cutting back on expenses, individuals may also want to look for ways to increase their income. This can include taking on a side hustle, asking for a raise at work, or looking for a higher-paying job. Having multiple streams of income can help you weather unexpected financial storms.
5. Create a Plan
Finally, it's important to have a plan in place for what you will do if you lose your job or have a large medical expense. This can include things like applying for unemployment benefits, negotiating payment plans with medical providers, or finding temporary work while you look for a new job. Having a plan in place can help you feel more in control and less anxious about the situation.
Overall, being prepared for unexpected events requires a combination of saving, insurance, budgeting, and planning. By taking these steps, individuals can feel more confident and secure in their financial situation.
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how long does it take to be an immigration lawyer and what’s the average salary?
In the long-run, a company that produces and sells popcorn incurs total costs of $1,150 when output is 70 canisters and $1,780 when output is 100 canisters. When this popcorn company increases production from 70 to 100 canisters, it exhibits
When this popcorn company increases production from 70 to 100 canisters, it exhibits : economies of scale because average total cost is rising as output decrease.
Economies of ScaleThe popcorn company will tend to exhibits economies of scales based on the fact if their is decrease of output the average total costs will increase or rise from :
ATC1 = 1150/70
ATC1= $16.43
TO
ATC2 = 1780/100
ATC2= $17.8 per unit
Therefore it exhibits economies of scale because average total cost is rising as output decrease.
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Helpp!!!
What type of Economy do we have in the United States?
A. Market
В.Mixed
C.Command
D. Traditional
Answer:
mixed
the us economy has a mixed economy
Word of mouth promotion is also known as what?
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
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A decrease in investment leads to ________ in aggregate demand and ________ in real GDP. Group of answer choices a decrease; a decrease no change; a decrease an increase; an increase a decrease; an increase an increase; a decrease
A decrease in investment leads to a decrease in aggregate demand and a decrease in real GDP. This is because investment is one of the components of aggregate demand, which is the total demand for goods and services in the economy.
When investment decreases, it means that businesses are investing less in capital goods and infrastructure, which leads to a decrease in the demand for these goods and services. As a result, the aggregate demand curve shifts to the left, indicating a decrease in overall demand. This decrease in demand can have a negative effect on real GDP, which is a measure of the total value of goods and services produced in the economy. A decrease in investment can lead to a decrease in productivity and output, which can ultimately result in a decrease in real GDP. This is because businesses may not be able to produce as much without the necessary capital and infrastructure to support their operations.
In summary, a decrease in investment can have a significant impact on both aggregate demand and real GDP. While the exact effects may vary depending on other factors in the economy, it is generally expected that a decrease in investment will lead to a decrease in both of these measures.
A decrease in investment leads to a decrease in aggregate demand and a decrease in real GDP. This is because when investment decreases, businesses spend less on capital goods and new projects, which leads to a reduction in overall demand for goods and services. Consequently, this decrease in demand results in lower production levels and thus a decrease in real GDP.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
The activity times are 3, 4, 2, 5, 7, 2, 2, and 3 days for activities A1 through A8, respectively.
What is the earliest completion time of the project (show calculation)?
The earliest completion time of the project is 17 days, which is the total duration of the critical path.
In this case, we are given the activity times for each of the eight activities. To find the earliest completion time, we need to identify the critical path, which is the longest sequence of activities that must be completed in order to finish the project. To identify the critical path, we need to calculate the earliest start time (EST) and earliest finish time (EFT) for each activity. The EST for the first activity is 0, and the EFT is the activity time of 3 days.
For the second activity, the EST is 3 (the EFT of the previous activity), and the EFT is 7 (the EST + activity time of 4 days). We continue this process for each activity until we reach the end of the project. Once we have calculated the EST and EFT for each activity, we can identify the critical path as the sequence of activities with the longest total duration. In this case, the critical path is A1-A2-A5-A8, which has a total duration of 17 days.
Therefore, the earliest completion time of the project is 17 days, which is the total duration of the critical path. This means that the project cannot be completed any earlier than 17 days, even if all activities are completed as quickly as possible.
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what is bankaccount
Answer:
Kung san mo Tatago pera mo
Explanation:
commonsense
Consider Katmai, a hypothetical couritry that produces only crab cakes. In 2021 , a crab cake is priced at $8. 0. Complete the first row of the table with the quantity of crab cakes that can be bought with $900. Hint: In this problem, assume it is not possible to buy a fraction of a crab cake, and always round down to the nearest whole crab cake. For excample, If your calcutations result in 1. 5 crab cakes, the answer should be 1 crab cake. Suppose the government of Katmal cannot raise sufficient tax revenue to pay its debts, In order to meet its debt obligations, the government prints money. As a result, the money supply rises by 30% by 2022. Assuming moctetary neutrality holds, complete the second row of the table with the new prich of a crab cake and the new quantity of crab cakes that can be bought with $900 in 2022. The impact of the government's decision to raise revenue by printing money on the walue of money is known as the
The impact of the government's decision to raise revenue by printing money on the value of money is known as the inflation.
What happens when inflation rises?When the purchasing power of money falls due to inflation, the same amount of money can buy fewer goods and services. This occurs because, as the general price level of goods and services rises, each unit of currency buys less than it did previously. Inflation can have a variety of economic consequences, including: Inflation reduces the amount of goods and services that consumers can buy with their income, resulting in a decrease in their purchasing power. Higher interest rates: To combat inflation, central banks may raise interest rates, which can make borrowing more expensive and slow economic growth. Reduced investment: Because of increased uncertainty about the future, businesses may be less willing to invest throughout new projects or expand operations.
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What is SEO?
A. A place where online discussions are held
B. A way to share information about your products or services
C. A way web page creators attract people to their sites
D. When purchasers bid on the number of clicks on an online
advertisement
SEO is When purchasers bid on the numeral of clicks on an online advertisement. The Correct option is C.
What do you mean by SEO?
SEO definition: When the procedure of optimizing your website to accumulate organic, or un-paid, gridlock from the tracking engine developments page.
SEO refers to Search Engine Optimization, which is the procedure of increasing the quantity and also differentia of traffic to your website through organic search engine results.
SEO is a technique for inventing and designing a website to rate well in investigation engine results.
When they are improving the importance and quality of traffic to a website from search engines.
Marketing by comprehending how search algorithms work, and what mortal visitors might search.
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Scott and Mary have accepted a three-year international relocation for work. Both are still paid in U.S. dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need cash, they use local ATMs that allow them to withdraw funds from their U.S. bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost instantly, and in the currency needed by the user?
Answer:
The answer is "Electronic Funds Transfer".
Explanation:
It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.
Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
a bank account but would pay thousands of dollars if Amelie helped him. What kind of email is
this?
a) Ad
b) Spam
c) Junk
d) Support
Answer:
Explanation:
Spam
Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?
Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
total cost (TC). Please provide answers to the next five questions. Q P TC TR MR MC Profit 0 $8 1 $10 2 $12 3 $15 $19 $24 $30 $45 $6 $6 $6 $6 $6 $6 $6 7 $6 Question 1 1 pts Given the data provided in the table, you are given quantity (Q). price (P), and total cost (TC). Please provide answers to the next five questions. What is the firm's profit at Q-3 4 5 6
the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.
The given data for price (P), quantity (Q), total cost (TC), total revenue (TR), marginal revenue (MR), marginal cost (MC), and profit are as follows:
Q P TC TR MR MC Profit 0 $8 - - - - - 1 $10 6 10 10 6 4 2 2 $12 12 24 14 6 6 12 3 $15 18 45 21 6 9 27 4 $19 24 76 31 6 11 52 5 $24 30 120 44 6 14 76 6 $30 36 180 60 6 18 84 7 $45 - - - - -
To find the firm's profit at Q-3 4 5 6, we have to calculate the total revenue and total cost at each quantity (Q).Let's see the calculations for the given problem:
Total revenue (TR) = price (P) × quantity (Q)Total cost (TC) = fixed cost (FC) + variable cost (VC)Profit
= total revenue (TR) - total cost (TC)
For Q=3, TR = $15 × 3 = $45
For Q=3, TC = $18
Profit at Q=3 = TR - TC = $45 - $18 = $27
For Q=4, TR = $19 × 4 = $76
For Q=4, TC = $24
Profit at Q=4 = TR - TC = $76 - $24 = $52
For Q=5, TR = $24 × 5 = $120
For Q=5, TC = $30
Profit at Q=5 = TR - TC = $120 - $30 = $90
For Q=6, TR = $30 × 6 = $180
For Q=6, TC = $36
Profit at Q=6 = TR - TC = $180 - $36 = $144
Therefore, the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.
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an organization’s system of inputs, throughputs, and outputs requires the internal-external feedback loops.
The primary characteristic of a negative feedback loop is that it can regulate on its own. By damping output, it stabilizes the system around an equilibrium point.
Additionally, it stabilizes after a given period of time, making it balancing feedback. The increase in this system's output stops the feedback system from being created in the future. In this system, the output obtained as feedback is intended to serve as the opposing input. Other choices are erroneous because positive feedback loops exhibit unstable behavior, inverted feedback loops operate in an inverted manner, and convoluted feedback loops are not recognized as technical term. A feedback loop is a method of leveraging a system's outputs as new inputs. This explains the procedure used in the company to enhance a service or good using input from staff or customers (the results of a service or product).
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Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?
a mortgage company
a credit union
a tax preparation office
an insurance company
Answer:
C
Explanation:
I got it correct
You are a manager, and you have an employee who has a high external locus of control. you should:_________
You are a manager, and you have an employee who has a high external locus of control. you should accept situations that you can't influence, and to manage them
The ability to significantly affect someone or something is known as influence. If someone has an impact on another person or object, they are indirectly yet significantly altering it.People who exert influence on others occasionally do so unintentionally and occasionally for selfish reasons. The employment of political power is an example of a personal benefit or advantage.
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A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?
Answer:
14.8%
Explanation:
Cost of capital for preferred stock can be calculated by a simple formula
Formula: Cost of preferred capital = dividend/(Current price - floatation cost)
As you can see in the question data current price - floatation cost and dividend is already given as $2.89 and $0.43 respectively. We just need to put values in formula.
Cost of preferred capital = $0.43/$2.89 x 100
Cost of preferred capital = 14.8%
A company’s code of conduct is likely to include rules on
A. hourly pay
B. processes for handing outside contractors
C. personal use of company confidentiality agreement
Answer:
c for sure
Explanation:
thats one of the main things especially if you work in the healthcare industry.
HIPAA is extremely important... invasion of provacy or violating the act can set you into jail
If you invest $600 today, how much will be your account after 7 years? You know that the interest rate in the first year is predicted to be 11%, for the next 2 year, it can be 12% and in the last 4 years, it is forecasted to be 10%.
The amount of $600 invested will be $1299.28 after 7 years.
The information can be summarized as follows:
Initial Investment = $600
Interest Rate in the First Year = 11%
Interest Rate in the Next Two Years = 12%
Interest Rate in the Last Four Years = 10%
Now we can calculate the future value of the investment using the formula for compound interest:
Future Value = P(1 + r/n)^(nt)
Where P = the principal investment (in this case, $600)
r = the annual interest rate (as a decimal)
n = the number of times that interest is compounded per year (since the interest is compounded annually in this case, n = 1)t = the number of years
Let's start by calculating the future value of the investment after the first year:
Future Value after the first year = 600(1 + 0.11/1)^(1×1) = $666
Next, let's calculate the future value after the next two years using the interest rate of 12%:
Future Value after the next two years = 666(1 + 0.12/1)^(1×2) = $846.55
Finally, we can calculate the future value after the last four years using the interest rate of 10%:
Future Value after the last four years = 846.55(1 + 0.10/1)^(1×4) = $1299.28
Therefore, the account will be worth $1299.28 after 7 years if an initial investment of $600 is made and the interest rate is predicted to be 11% for the first year, 12% for the next two years, and 10% for the last four years.
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Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answer: D
Explanation:
Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? (You are required to compute two sets of cross-rate bid and ask quotes. 1. "New Zeland dollar" means the cross rate of NZD/SGD. 2. "Singapore dollar" means SGD/NZD. Do not round intermediate calculations. Round your answers to 4 decimal places. ) American Terms Bid Ask Bank Quotations New Zealand dollar Singapore dollar European Teres Bid Ask 1. 3772 1. 3786 1. 6311 1. 6324 7277 -7284. 6144 6149 New Zealand dollar Singapore dollar Bid Ask
The bid-ask quotations for the NZD/SGD currency pair are as follows: New Zealand dollar (NZD) against Singapore dollar (SGD): Bid: 1.3772, Ask: 1.3786
Singapore dollar (SGD) against New Zealand dollar (NZD):
Bid: 0.7277
Ask: 0.7284
To calculate the bid-ask quotations for the NZD/SGD currency pair, we need to consider the cross rates between the New Zealand dollar (NZD), Singapore dollar (SGD), and the American Terms and European Terms bid-ask quotations.
For the NZD/SGD bid-ask quotations:
The bid quotation is obtained by dividing the European Terms bid (1.6311) by the American Terms ask (1.3786), which gives us 1.3772.
The ask quotation is obtained by dividing the European Terms ask (1.6324) by the American Terms bid (1.3772), which gives us 1.3786.
For the SGD/NZD bid-ask quotations:
The bid quotation is obtained by dividing 1 by the NZD/SGD ask quotation (1.3786), which gives us 0.7277.
The ask quotation is obtained by dividing 1 by the NZD/SGD bid quotation (1.3772), which gives us 0.7284.
Therefore, the bid-ask quotations for the NZD/SGD currency pair are as follows:
New Zealand dollar against Singapore dollar:
Bid: 1.3772
Ask: 1.3786
Singapore dollar against New Zealand dollar:
Bid: 0.7277
Ask: 0.7284
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Explain the primary difference between internal and external stakeholders of a firm.
Internal stakeholders in a company have a direct relationship to the company while external stakeholders have an indirect relationship.
How are internal and external stakeholders different?Internal stakeholders derive some benefits from the company as they have a direct relationship with the company. For instance, they could be employees or shareholders.
External stakeholders on the other hand have an indirect relationship with the company which limits their benefits. They include the government and other competitors.
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what are some of the steps a business follows in preparing a monthly bank reconciliation
Steps for preparing a monthly bank reconciliation include obtaining the bank statement, comparing transactions, adjusting for outstanding items, finalizing the reconciliation, and investigating discrepancies.
How business ensure that their financial records accurately reflect the transactions processed by their bank?Preparing a monthly bank reconciliation is an essential task for any business to ensure that their financial records accurately reflect the transactions processed by their bank. Here are the steps typically followed in preparing a monthly bank reconciliation:
Obtain the bank statement: The first step is to obtain the bank statement for the relevant month from the bank. This statement will contain a record of all the transactions that have been processed by the bank during that period.Compare deposits: Compare the deposits listed on the bank statement with the deposits in the company's own accounting records. Look for any discrepancies, such as deposits that are missing from the bank statement or deposits that are listed on the bank statement but not in the company's accounting records.Compare checks: Compare the checks listed on the bank statement with the checks in the company's accounting records. Look for any discrepancies, such as checks that are missing from the bank statement or checks that are listed on the bank statement but not in the company's accounting records.Reconcile other transactions: In addition to deposits and checks, there may be other transactions listed on the bank statement, such as electronic funds transfers or bank fees. These should also be reconciled with the company's accounting records.Adjust for outstanding items: After comparing all transactions, there may be outstanding items that have not yet cleared the bank. These may include checks that have not yet been cashed or deposits that have not yet been processed. These outstanding items should be adjusted for in the bank reconciliation.Finalize the reconciliation: Once all transactions have been compared and any necessary adjustments have been made, the bank reconciliation is finalized. This will result in a reconciliation statement that shows the adjusted bank balance, the adjusted company balance, and any reconciling items that were necessary to make the two balances agree.Investigate discrepancies: If there are any significant discrepancies between the bank statement and the company's accounting records, they should be investigated to determine the cause of the discrepancy and to ensure that all transactions have been properly recorded.By following these steps, a business can ensure that their financial records accurately reflect the transactions processed by their bank, and can identify and resolve any discrepancies that may exist.
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