The interest parity condition states that ________
A) the domestic interest rate equals the foreign interest rate minus the expected appreciation of the domestic currency
B) the domestic interest rate equals the foreign interest rate plus the expected appreciation of the foreign currency
C) Neither A nor B is correct.
D) Both A and B are correct.
D
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The principal objective of antitrust law governing mergers is to maintain competition
Indicate whether the statement is true or false
Bierce Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:??MachiningFinishingTotal?Estimated total machine-hours (MHs)4,0001,0005,000?Estimated total fixed manufacturing overhead cost$20,000$2,100$22,100?Estimated variable manufacturing overhead cost per MH$1.40$2.80?During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow:??Job BJob K?Direct materials$12,800$7,900?Direct labor cost$24,700$6,400?Machining machine-hours2,7001,300?Finishing machine-hours400600Required:a. Assume that the company uses a plantwide predetermined
manufacturing overhead rate based on machine-hours. Calculate that overhead rate.b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B.c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K.d. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Machining department?e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Finishing department?f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job B?g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job K? What will be an ideal response?
A buffer _________ is a condition at an interface under which more input can be placed into a buffer or data holding area than the capacity allocated, overwriting other information
A. overflow B. overrun C. overwrite D. all of the above
Calwell Corp. uses a job order costing system. Four jobs were started during the current year. The following is a record of the costs incurred:
Actual overhead costs were $55,800. The predetermined overhead rate is $2.40 per direct labor hour. During the year, Jobs 1010, 1012, and 1013 were completed. Also, Jobs 1010 and 1013 were sold for $387,000. Assuming that this is Calwell's first year of operations:
(a) Make the necessary journal entries to charge the costs to the jobs started and to record the completion and sale of finished jobs.
(b) Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Factory Overhead accounts. Does the Factory Overhead account balance indicate an over- or underapplied overhead?