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
adoni [48]
3 years ago
9

You just received a gift from a friend consisting of 1,000 Thai baht, which you would like to exchange for Australian dollars (A

$). You observe that exchange rate quotes for the baht are currently $.023, while quotes for the Australian dollar are $.576. How many Australian dollars should you expect to receive for your baht?
Business
1 answer:
yanalaym [24]3 years ago
3 0

Answer:

AUD 39.93 is expected to be received for your baht.

Explanation:

To calcuate the cross currency exchange rate between Thai Baht and AUD, inverse the USD per Thai Baht quote, this will give you (1/0.023 = 43.478). Now, multiply this by USD per AUD ( TBHT by USD multiplied by USD by AUD, thus USD will cancel out and leave you with TBHT by AUD). The Final ER will stand at TBHT 25.0434 per AUD. Divide the sum of TBHT 1000 by 25.0434 and you will recieve AUD 39.93

You might be interested in
This year, the Tastee Partnership reported income before guaranteed payments of $161,500. Stella owns a 40% profits interest and
Aloiza [94]

Answer

The answer and procedures of the exercise are attached in the image below.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

5 0
3 years ago
I am having trouble with this question. Can you help me out?
Semmy [17]

Answer:

ok I can help but will is the question.◉‿◉

6 0
2 years ago
When buying groceries, Suki swipes a card to electronically subtract money from her checking account to pay. She is essentially
9966 [12]

Answer:

A. a debit card

Explanation:

5 0
2 years ago
The authorized service center is located in Boston. Because Cookie Creations values serving its customers, it pays the shipping
Alex777 [14]

Answer:

$180

Explanation:

Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.

Using this formula

Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer

Let plug in the formula

Warrant liability=30 x 10% x $60

Warrant liability=$180

Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180

7 0
2 years ago
Different organizations face different constraints and rules. _____ have more ways to accumulate capital (such as issuing stocks
Pani-rosa [81]

Answer:

Different organizations face different constraints and rules. Not-for-profit organizations have more ways to accumulate capital (such as issuing stocks and bonds) and benefit from economies of scale. But small firms do not have to pay certain kinds of taxes.

Explanation:

Non profit organization such as NGOs have more ways to accumulate capital through international support as a result of the nature of task they are carrying out. International organization that supports NGOs are United Nation, UNICEF, WHO, IMF and world bank among others.

while small firms does not pay certain kind of taxes as a result of the nature of type of business they are into, this limits or reduces their tax payments

6 0
2 years ago
Other questions:
  • Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe
    5·1 answer
  • Isla is a marketing manager for Marshall Manufacturing. Her boss has asked her to evaluate a new product idea. One of the things
    11·1 answer
  • The Bridal Gift Shop Company has 12 units in ending merchandise inventory on December 31. The units were purchased in November f
    10·1 answer
  • How will you use this knowledge in your future career?
    13·1 answer
  • B Co. reported a deferred tax liability of $24 million for the year ended December 31, 2017, related to a temporary difference o
    14·1 answer
  • On December 31, the company provides consulting services and bills its customer $3,000 for these services.
    15·1 answer
  • PLEASE HELP I WILL GIVE BRAINLESIT
    13·2 answers
  • C93, Inc. sells three products. Income statement information for the three products for the most recent year is given below: Pro
    5·1 answer
  • Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $575,000. They moved into the home on February 1 of year
    5·1 answer
  • Explain the importance of the primary sector and provide an example
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!