Answer:
1. As you have to spend more Yens for 1 USD at future date, it means that Yen is selling at discount in the forward market relative to the US Dollar.
2. The spot exchange rate is ¥132.78 per dollar, hence, total dollars Purple Panda Importers will receive today is ¥625 million/¥132.78 = $4.71 million
3. Purple Panda Importers would get more dollars if the Japanese firm paid off its account <u>today</u>.That is, he will get more money if the account is paid today.
Complete question:
Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy
A. The legislature as a body must wait for the comptroller to decertify the budget.
B. The legislature must wait for a special session to be called.
C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.
D. The legislature must wait until the federal government increases monies for state governments.
Answer:
The legislature must wait for a special session to be called.
Explanation:
Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.
The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur
A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.
Answer:
Variable cost per unit= $1.5
Fixed costs= $2,000
Explanation:
Giving the following information:
Miles Driven Total Cost
January 10,000 $17,000
February 8,000 13,500
March 9,000 14,400
April 7,000 12,500
<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)
Variable cost per unit= $1.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,000 - (1.5*10,000)
Fixed costs= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 12,500 - (1.5*7,000)
Fixed costs= $2,000
Answer:
$527,354.35
Explanation:
revenues - expenses - (amortization and depreciation) = operating revenue
operating revenue - interest expense = net income before taxes
net income before taxes x (1 - tax rate) = net income after taxes
net income before taxes = net income after taxes / (1 - tax rate) = $2,768,916.25 / 0.66 = $4,195,327.65
operating revenue = net income before taxes + interest expense = $4,195,327.65 + $392,168 = $4,587,495.65
amortization and depreciation = operating revenue + expenses - revenues = $4,587,495.65 + $8,000,150 - $13,115,000 = $527,354.35
Answer:
D) $2,622
Explanation:
Daily costs
= ($8/meal x 3 meals/day x 2 people) + $45 + $190 + $25) = $308 daily costs
Total costs
= ($400 x 2) + 90 + 500 + (308 x 4 days)
Hence:
Total costs = 800 + 90 + 500 + 1,232
= $2,622
