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Q. What are the advantages and disadvantages of free float?
Advantages: It is one of the most suitable ER regimes for transitional countries that experience external shocks like,
a. Terms of trade deterioration
b. Loss of competitiveness, real appreciation of the national currency c. International trade volume decline
d. Weak regional integration
e. Lack of mature and fully functional financial markets f. Difficulty of determining the equilibrium.
Disadvantages: a. High inflation rate. b. Loss of the confidence in national currency c. Loss of traditional markets for exports. d. National currency devaluation.
fifo method
NSC Ltd. has a 31 May fiscal year-end. NSC disposed of its Information Systems Group (ISG) on 31 January 20X3. ISG had a net loss (after taxes) of $37,700,000 in 20X3, to the date
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The Federal Reserve adjusts short term interest rates based upon their perceptions of the needs in the economy. Please describe the ways the Federal Reserve can influence interest
how to absorp a stock
Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?
initial stock.=21,926,150 purchases.=361,550,000 other expenses=207,000,000 operatig profit=34,500,000 sqles=600,000,000 disc received=23,976,150 final stock=1000,000 variable exp
Example of Profit Volume Graph The summary results of a company are given as: Product A B C
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