Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 185 | units | @ | $ | 11.00 | = | $ | 2,035 | ||||||||
| Jan. | 10 | Sales | 145 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 20 | Purchase | 100 | units | @ | $ | 10.00 | = | 1,000 | |||||||||
| Jan. | 25 | Sales | 125 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 30 | Purchase | 270 | units | @ | $ | 9.50 | = | 2,565 | |||||||||
| Totals | 555 | units | $ | 5,600 | 270 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific
identification, ending inventory consists of 285 units, where 270
are from the January 30 purchase, 5 are from the January 20
purchase, and 10 are from beginning inventory.
Required:
1. Complete comparative income statements for the month of
January for Laker Company for the four inventory methods. Assume
expenses are $1,700, and that the applicable income tax rate is
40%. (Round your Intermediate calculations to 2 decimal
places.)
In: Accounting
What impact might a decrease in the U.S. federal budget deficit have on interest rates and exchange rates in the market for the U.S. dollar? (Assume the exchange rate is stated in terms of foreign currency per U.S. dollar.)
A.
Interest rates decrease and exchange rates increase.
B.
Interest rates increase and exchange rates decrease.
C.
Interest rates and exchange rates decrease.
D.
Interest rates and exchange rates increase.
In: Economics
1.What is called "soda' in the Northeastern United States is known as "pop" in the U.S. Midwest . It is just referred to as "coke" in the U.S. South. This is an example of
| A. |
U.S. culture |
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| B. |
generational culture |
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| C. |
social culture |
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| D. |
regional culture |
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| E. |
country culture |
2.
_____________ is the most important factor to take into consideration while launching products in global markets.
| A. |
culture |
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| B. |
design |
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| C. |
pricing |
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| D. |
language |
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| E. |
distribution |
In: Economics
Since January 2017 the dollar has been losing value (depreciating) against most major currencies in particular the Euro. The depreciating dollar is surprising given the strong U.S. economy. In addition, the recently passed tax cut insures the U.S. will be financing an even larger annual deficit. This will put even more pressure on interest rates to attract buyers for U.S. government bonds. What are your thoughts on why the dollar is declining?
In: Finance
1. When the government runs a budget? surplus, national saving ( increases / stays the same / decreases ).
2. The early and? mid-1980s were difficult times for U.S. exporters because ( small / large ) U.S. government budget deficits led to ( low / unchanged / high ) real interest rates and thus to ( a low / a high / an unchanged ) value of the? dollar, making U.S. goods ( more expensive / less expensive ) in other countries.
In: Economics
Many things have been used as money over time: cigarettes, gold, paper currency (like the U.S. dollar), etc. Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no intrinsic value, why do people want it so much? Can you think of other examples of things that act as “money” in our society? in detail please type answer
In: Economics
ECONOMICS
(a) Use a graphical approach to explain the effect of the following changes.
i. A new Covid 19 face mask, made in America, is successful in sales to canada.
ii. canada reduces its interest rate compared to the U.S., causing investors to sell canada’s bonds and buy U.S. bonds.
iii. Canadians, unhappy with monetary unification, transfer their bank balances to the U.S.
iv. Briefly explain the five functions of money.
In: Economics
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The U.S. interest rate is7 percent and the Canadian dollar’s interest rate is 6 percent. The Canadian dollar's forward rate has a premium of 2 percent. (1) Calculate the effective financing rate for U.S. firms. (2) Does interest rate parity hold? (3) Could U.S. firms lock in a lower financing cost by borrowing Canadian dollars and purchasing Canadian dollars forward for one year? Explain. |
In: Finance
8. Draw the goods market. Illustrate and explain how the market equilibrium would change under the following circumstances:
a. The U.S. dollar gained value compared to foreign currencies.
b. American corporations have become leaner which means that productivity in the U.S. has increased. Hint: How are prices in the U.S. affected, relative to foreign prices?
c. There is a decrease in transfer payments (ie, items like spending on social programs).
In: Economics
Conduct and critically analyze compensation policy based on information below. You have been employed as the Chief Financial Advisor (CFA) for Safer Investment Corporation. You replace the former CFA as it was found he has not been generating the desired returns for the company and investors. You are managing an Endowment Fund and a Retirement Fund. Investors are looking to earn above-average returns on their investments. These investors have no insurance coverage and have not started to do any estate planning. The age distributions for the investors are as follows:
Age # of clients
28-30 425
31-50 775
51-65 300
65+ 175
Your salary is a combination of basic salary + commission. Commission is based on whether the company and investors achieve the desired return. The salary structure fits your profile as you have built up a reputation as being an aggressive financial advisor who seeks to make everyone happy at all costs.
Question: How will you construct this portfolio and why? Be practical and make use of the information that is available in your local market to gain insights on stocks, bonds, money and foreign exchange market, etc. Assume a country of your choice. What is the advantage and disadvantages of investing the funds in the selected country? Conduct a comprehensive analysis.
Can you also recommend any good books/pdf to get a better understanding of this?
In: Finance