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Julli [10]
2 years ago
7

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, h

ow many American dollars are required to buy a product that costs 2.5 Canadian dollars
Business
1 answer:
xxMikexx [17]2 years ago
6 0

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, 2.81 American dollars are required to buy a product that costs 2.5 Canadian dollars.

<h3>What do you mean by nominal exchange rate?</h3>

The nominal exchange rate refers to the number of units that a domestic currency can purchase the units of a given foreign currency.

As per the given information, 0.89 Canadian dollars per American dollar is the nominal exchange rate. Simply buy a product that costs 2.5 Canadian dollars, 2.81 American dollars are required (2.5/0.89).

Therefore, 2.81 American dollars are needed to buy a product that costs 2.5 Canadian dollars.

Learn more about the nominal exchange rate here:

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Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with which part of a syste
faltersainse [42]

Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with transformational processes

This is further explained below.

<h3>What is transformational processes?</h3>

A transformation process may be thought of as any activity or combination of activities that takes two or more inputs, modifies and adds to those inputs, and creates outputs for customers or clients.

The demand from the outside world to conform to ever-shifting circumstances and needs in order to achieve one's business objectives is what drives the long-term change management process which is known as business process transformation.

In conclusion, according to the systems view, transformational processes are connected to the ability of a restaurant to accept cash, credit, or both forms of payment.

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complete question

Based on the systems viewpoint, a restaurant's ability to accept cash, credit, or both, is associated with which part of a system? Multiple Choice

financial

transformational processes

outputs

feedback

inputs

8 0
1 year ago
​________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in sma
konstantin123 [22]

Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.

The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.

By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

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5 0
2 years ago
A store that offers a wide variety of shoes for men, women, and children would most likely be considered a(n):
Kisachek [45]

Answer:

The correct answer is: Speciality retailer.

Explanation:

Speciality retailers are stores that operate similarly to regular retailers offering products manufactured by different companies but the focus their attention on a specific niche in the market. <em>Clothing, shoes, books, school supplies, </em>and <em>technology retailers</em> are examples of these types of stores.

4 0
2 years ago
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If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

7 0
3 years ago
Fyodor, a manager of the research and development team of an organization, challenges his subordinates to "think outside the box
nexus9112 [7]

Answer: mental models.

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