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Fofino [41]
2 years ago
7

Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year mexican bond that pays 10% interest. N

ext year, the exchange rate is 11 pesos per dollar. Assuming you convert your funds back to u. S. Dollars, how much money will you have in one year?.
Business
1 answer:
Iteru [2.4K]2 years ago
6 0

The amount of money I would have in US dollars would be $1,000

<h3>How much would I have in US dollars?</h3>

The first step is to convert dollars to pesos:

$1000 x 10 = 10,000 pesos

The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos

Now, convert pesos to dollars : 11,000 / 11 = $1,000

To learn more about exchange rate, please check : brainly.com/question/25780725

#SPJ1

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3 years ago
Botosan Factory has budgeted factory overhead for the year at $717,474, and budgeted direct labor hours for the year are 364,200
Mila [183]

Answer:

$652,858

Explanation:

Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity

                                                    = $717,474 ÷  364,200

                                                    = $1.97 per direct labor hour

Allocated overheads = Predetermined overhead rate x Actual Activity

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                                     = $652,858

therefore,

The overhead allocated for May is $652,858.

6 0
3 years ago
Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 thr
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Answer:

Here:

Explanation:

Purchase price of shares = 24000

total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240

selling price of shares = 29100

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Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825

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SpyIntel [72]
It should be b I hope that help
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Answer:

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Generic fruits and vegetables are inferior goods.

Inferior goods are goods whose demand falls when income rises and increases when income falls.

I hope my answer helps you

8 0
3 years ago
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