________ refers to the price of one currency in terms of another
A) Tariff
B) Exchange rate
C) Duty
D) National income
B
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A metal works fabricator is about to release a new model of his firm's copper sculpture and fountain
The operations manager estimates that this product is subject to a 90 percent learning curve on labor only–the material bill is not affected by experience. The firm prices its work based on cost–the sum of materials plus 30 percent and labor plus 50 percent. (This allows the firm to practice a form of "demand management" for its very popular works.) The first item has already been finished; the material bill was $800 and labor totaled 40 hours. The firm pays its metalworking artisans an average of $18 per hour. What should be the asking price of the first unit? The second?
The cash flows from operating activities section of the statement of cash flows includes ________
A) principal received B) cost of raw materials C) dividends paid D) stock repurchases