If a country's freely floating currency is undervalued in terms of purchasing power parity, its capital account is likely to be
A) in deficit or tending toward a deficit.
B) in surplus or tending toward a surplus.
C) subsidized by the International Monetary Fund.
D) a candidate for loans from the World Bank.
Answer: A
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Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $550,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 7000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $107.14 per machine hour B) $30.56 per labor hour C) $1.36 per labor hour D) $78.57 per machine hour
Rowan Corporation, a calendar-year firm, is authorized to issue $200,000 of 1 . percent, 20-year bonds dated January 1 . 2014, with interest payable on January 1 and July 1 of each year. If the bonds were issued to yield 1 . percent, the entry to account for the discount amortization and accrual of interest on December 31 . 2014, would include a
a. debit to Discount on Bonds Payable. b. credit to Cash. c. credit to Interest Payable. d. debit to Bonds Payable.
Under the UCC, what course of action can the sellers pursue in case of shipment of noncorforming or defective goods?
A) tender of delivery B) right to cure C) perfect tender rule D) replevin
Identify the prepositional phrase or prepositional phrases in the sentence. Kelly hasn't said much about her future plans