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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

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Governor Smith of Georgia is presented with the following data: currently the state derives a total of $400 million of benefits
Rudiy27

Answer:

C)

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The cost-benefit principle in accounting states that the additional benefit must outweigh additional cost in an accounting system.

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Scenario 13-6 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As
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Answer:

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Explanation:

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4 0
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2 years ago
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