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bija089 [108]
3 years ago
13

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i

ts new golf resort near Salem, OR. According to the importer, each 10-foot slab will cost Tee Time approximately $5,000. Looking at the exchange rates, Tee Time's finance director noted that $500 US dollars = $738 NZ dollars. The importer will order directly from his source in New Zealand. Tee Time's finance director has determined that
A. there will be a shortage of the wood.
B. it will cost less when the exchange rate of U.S. dollars to NZ dollars is just about equal.
C. it's a good time to buy the wood.
D. it's not a good time to buy the wood.
Business
1 answer:
LekaFEV [45]3 years ago
5 0

Answer: C. it's a good time to buy the wood.

Explanation:

$500 = 738NZ dollars, therefore 738 NZ dollar ÷ $500 = 1.476NZ dollar

The current exchange rate is $1 = 1.476NZ dollar

10 foot slab costs $5000, Tee Golf Resort will pay $ 3387.53 ($5000/1.476NZ)

if they import wood from New Zealand. Tee Golf Resort will pay less than $5000 if they import Wood from New Zealand at the current exchange rate. This is a Good time for them to import woods

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3 years ago
An inferior good is one for which _ _ in buyers income causes
yuradex [85]
An inferior good is one for which an increase <span> in buyers income causes</span> a decrease in demand.

Hope this helps !

Photon
3 0
3 years ago
The outstanding bonds of Winter Time Products provide a real rate of return of 3.00 percent. The current rate of inflation is 2.
Delicious77 [7]

Answer:

The nominal rate of return on these bonds is 5%

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4 0
3 years ago
From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve
kakasveta [241]

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

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So,

Total money earned for the month = 80 × x

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A.T.Q.

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4 0
3 years ago
Read 2 more answers
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