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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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John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of
gulaghasi [49]

Answer:

No, he doesn't show diminishing marginal utility. Yes, he shows increasing marginal utility for Coke.

Explanation:

The law of diminishing returns states that the marginal or addition satisfaction or utility derived from the consumption of a product increase until a pint and then starts to  decrease.

Units         Total utility       Marginal utility

1                    10                          10        

2                   25                         15                    

3                   50                         25

After 3 bottles, John does not show diminishing marginal utility as the marginal utility (as shown above) continues to increase with each additional bottle of coke consumed.              

8 0
3 years ago
Stealth bank has deposits of $300 million. it holds reserves of $20 million and has purchased government bonds worth $300 millio
ryzh [129]

First let us identify if the asset is a gain or loss. An asset is a gain if it contributes to the banks overall finance while it is a loss if it is a cost directly or indirectly.

Deposits of $300 million = Gain (+)

Reserves of $20 million = Gain (+)

<span>Purchased government bonds worth $300 million = Loss (-)         ---> This entails cost</span>

Selling bank’s loans at current market value of $600 million = Gain (+)

Therefore adding up everything to get the banks net worth:

Stealth banks net worth = $300 M + $20 M - $300 M + $600 M

<span>Stealth banks net worth = $620 million</span>

7 0
3 years ago
The brinton clothing company wants to create and build brand awareness. It would use ________ advertising.
dolphi86 [110]

Answer:

Informative

Explanation:

It would use <u>informative</u> advertising

6 0
1 year ago
Read 2 more answers
The outstanding capital stock of Novak Corporation consists of 1,800 shares of $100 par value, 7% preferred, and 5,100 shares of
Alborosie

Solution :

                                                                            Preferred            Common

Non cumulative and non Participative                    12,600               67,400

Cumulative and non participative                            37800                42200

Cumulative and participative                                   47876                32124

                             

                            <u>    Current Stock Out Standing    </u>

Common stock at the rate 50                             5100 shares         255000

Preferred stock 7% at the rate 100                    1800 shares          180000

         

           <u>  Cumulative the annual dividend on the preferred stock  </u>

Preferred stock dividend                                   (180000 x 7%)       12600

Dividend Arrears to preferred stock                   (12600 x 2)            25200

                        <u>   Non cumulative and non participative     </u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        0                                                    0

Common stock                                                            67400            67400

Total dividend                             12600                       67400            80000

                       <u>  Cumulative and non participative  </u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        25200                                            25200

Common stock                                                            42200            42200

Total dividend                             37800                       42200            80000

                          <u>  Cumulative and participative</u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        25200                                            25200

Common stock (255000 x 7%)                                   17850            17850

Balance dividend pro data          10076                      14274            24350

Total dividend                             47876                       32124            80000

Working notes :

Amount for the participation    = 80000-(12600+25200+17850)   = 24350

Rate of participation = $\frac{24350}{(255000+180000)} $              = 5.5977%

Participating dividend:

Preferred stock = 18000 x 5.5977%   = 10076

Common stock = 255000 x 5.5977%  = 14274

Total participating dividend                  = 24350

7 0
3 years ago
The contracting of physical distribution tasks to third parties who do not have managerial authority within the marketing channe
mote1985 [20]

Answer: The contracting of physical distribution tasks to third parties who do not have managerial authority within the marketing channel is known as outsourcing.

Explanation: Outsourcing can be a great move for many companies because often times they are able to receive the product cheaper through cheaper labor or have a supplier that focuses on just that one thing develop it better. Outsourcing allows someone who is better skilled in a particular area make a good or act on a service rather than the initial company.

5 0
3 years ago
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