1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLga [1]
4 years ago
11

Assume €1 = $1.1364 and $1 = S$1.2408. A new coat costs S$213 in Singapore. How much will the identical coat cost in euros if ab

solute purchasing power parity exists?
Business
1 answer:
alexandr402 [8]4 years ago
5 0

Answer:

151.05 euro

Explanation:

The computation is shown below:

Data provided in the question

€1 = $1.1364

$1 = $1.2408

And the new coat cost is $213 in Singapore

So, by considering the above information

The 1 euro = $1.1364 × $1.2408 = $1.4100512

So,

$1 = 1 ÷ $1.4100512 euro = 0.709194

So, the identical coat cost is

= $213 ×  0.709194

= 151.05 euro

You might be interested in
Alvez reports net income of $355,000 for the year ended december 31. it also reports $119,700 depreciation expense and a $13,000
mash [69]
The correct answer is $284,200
4 0
3 years ago
Read 2 more answers
The human resources department of french quarter seafood conducted a training workshop on setting and achieving organization goa
Cloud [144]
The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.
7 0
4 years ago
A company reports the following amounts at the end of the year:
Inga [223]

Answer:

33.33%

Explanation:

Given:

Sales revenue = $360,000

Cost of goods sold = $240,000

Net income = $53,000

Now,

the gross profit = Sales revenue - Cost of goods sold

or

The gross profit = $360,000  - $240,000  = $120,000

Thus,

the company's gross profit ratio = \frac{\textup{Gross Profit}}{\textup{Sales revenue}}

or

The company's gross profit ratio =  \frac{120,000}{\textup{360,000}

or

The company's gross profit ratio = 33.33%

8 0
3 years ago
Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the mar
aleksklad [387]

Answer:

$414,282.91

Explanation:

The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :

FV = $440,000

PMT = ($440,000 x 9%) ÷ 2 = $19,800

P/yr = 2

N = 9 x 2 = 18

I/yr = 10%

PV = ?

Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91

4 0
3 years ago
Rubin, a freelance software developer, has a meeting with an independent bakery owner to discuss a potential project. Before mee
Harman [31]

Answer:

d

Explanation:

Communication encompasses all the processes of transmitting information from one person to another.

In order to effectively communicate, one must analyse their audience to ensure that the message is effectively communicated.

6 0
3 years ago
Other questions:
  • On January 1, Butte Company's valuation allowance for trading investments account has a debit balance of $23,200. On December 31
    8·1 answer
  • Minor company installs a machine in its factory at the beginning of the year at a cost of $135,000. the machine's useful life is
    12·1 answer
  • Christopher, an accounts manager at a mid-sized health care firm, does not have any direct international responsibilities; howev
    11·1 answer
  • Suppose you deposit $116 today, $135 in one year, and $885 in two years in an account that pays an annual rate of interest of 14
    14·1 answer
  • Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at
    6·1 answer
  • The National Division of Roboto Company is buying 10,000 widgets from an outside supplier at $30 per unit. Roboto's Overseas Div
    5·1 answer
  • Explain the difference between a board meeting, a committee meeting and a staff meeting​
    6·1 answer
  • How do you derive consumer equilibrium is the cardinal utility approach​
    14·1 answer
  • Although it does not explicitly endorse traditional gender roles, which sociological perspective implies that dividing tasks bet
    5·1 answer
  • a procyclical fiscal policy, like those of many state and local governments in the united states, tends to worsen recessions or
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!