1. What does the International Fisher Effect conclude?
A. Risk free rates in all countries should be equal.
B. Nominal interest rates in all countries should be equal.
C. Answer is not possible or not listed
D. Real interest rates in all countries should be equal.
E. Inflation rates in all countries should be equal.
2. Materials are added at the beginning of a process in a process costing system. The beginning work in process inventory was 30% complete as two conversion costs. Using first in, first out(FIFO) process costing, the total equivalent units for material are
A.beginning inventory this period For this process
B.unit started this period In this process
C.unit started this period In this process plus the beginning inventory
D. Unit started this. In this process plus 70% of the beginning inventory this.