The euro was introduced as a physical currency in January 2002 at an exchange rate of $1.16/€. In early 2014, the euro traded as high as $1.40/euro. You would observe that by early 2014, the euro had ________ against the dollar
A) depreciated
B) appreciated
C) fallen
D) lost its purchasing power
Answer: B
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Indicate whether the statement is true or false
The proportion of a firm's funds that is provided by shareholders is equal to:
A. the debt ratio minus the times interest earned. B. 1 minus the debt ratio. C. the times interest earned plus 1. D. the debt ratio minus the dividends paid. E. the fixed charge coverage ratio minus 1.
The buyer's incidental damages resulting from the seller's breach include:
a. expenses reasonably incurred in inspection of rightfully rejected goods. b. any commercially reasonable charges or commissions in connection with obtaining cover. c. any reasonable expenses connected to the delay. d. All of these. e. None of these.
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hour?The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The materials quantity variance for January is:
A. $1,411 U B. $1,660 F C. $1,660 U D. $1,411 F