Members of a homogeneous group have many characteristics in common

Suppose the spot quote on the euro is $0.9302-18, and the spot quote on the Swiss franc is $0.6180-90. What is the direct spot quote for the Swiss franc in Frankfurt?

What will be an ideal response?

In reconciling information to complete its financial statements, Flying High Corporation discovered the following situations:

Net income before taxes and the changes $400,000 Income tax rate 35% Bad debt expense increased 1% of sales Sales $900,000 Equipment original cost $500,000 Equipment accumulated depreciation $200,000 Method of depreciation unchanged DDB Remaining life changed from 5 years to 3 years Required: Assuming that no depreciation had been recorded, recompute depreciation expense, bad debt expense, net income before taxes, income tax expense, and net income. What will be an ideal response?