Is it possible to trade foreign exchange in the futures market? How does such trading differ from the forward market?
What will be an ideal response?
Yes. In the futures market, contracting parties agree to future exchanges of currencies and set applicable exchange rates in advance. The futures market is distinguished from the forward market in that only a limited number of leading currencies are traded; moreover, trading takes place in a standardized contract amount and in a specific geographic location.
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Which of the following is not true regarding a Certified Public Accountant?
A. Must pass an examination. B. Cannot hold any certificate other than a CPA. C. Must meet education and experience requirements. D. Must exhibit ethical character. E. May also be a Certified Management Accountant.
This question contains several parts; be sure to answer all of them. First, describe three nonmonetary ways of compensating and retaining employees. Second, imagine that you manage a small appliance store where salespeople are paid an hourly wage with no bonus or additional compensation. Recently, a big-box store has been luring away your best people by offering them not only a higher hourly wage, but also pay for performance (based on their sales). List and explain at least three ways to improve your employee retention.
What will be an ideal response?
Which of the following is true?
A) The adjusted cost of goods sold is equal to normal cost of goods sold plus or minus the overhead variance. B) If the overhead variance shows overapplied overhead, then that amount would be subtracted from normal cost of goods sold. C) Variances in overhead are expected every month. D) All of these are true. E) None of these are true.
During April, the production department of a process operations system completed and transferred to finished goods 18,000 units that were in process at the beginning of April and 90,000 units that were started and completed in April. April's beginning inventory units were 100% complete with respect to materials and 40% complete with respect to labor. At the end of April, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 60% complete with respect to labor. The beginning inventory included materials cost of $107,000 and the production department incurred direct materials cost of $329,000 during the month. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
A. $4.03. B. $3.16. C. $3.05. D. $2.57. E. $2.38.