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4 years ago

Which best describes the exchange of currencies ?

1 answer:

5 0

The answer is D. an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency.

So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN. Therefore, to get 17 MXN, you need to pay 1 USD.

Does that make sense?

You might be interested in

Which central tendency is most suitable for measuring average rate growth

ValentinkaMS [17]

Answer:

hey mate your answer is here

4 0

3 years ago

On April 1, 2020, the City of Southern Ponds issued $5,000,000 in 4% general obligation, tax supported bonds at 101 for the purp

Cloud [144]

Answer:

$100,000

$350,000

Explanation:

The bond sale be reported as debt service expenditures for 2020 and 2021 can be calculated as follows

The Amount would be reported as debt service expenditures for 2020

= $5,000,000 x 4% x 1/2 year

= $100,000

The amount would be reported as debt service expenditures for 2021

= $5,000,000 x 4% + $250,000

= $350,000

6 0

3 years ago

What is a standard cost? a.The total number of units times the budgeted amount expected b.The total amount that appears on the b

Black_prince [1.1K]

Answer: Option c

Explanation: In simple words, standard cost refers to the estimated amount of resources that an organisation thinks would be incurred to produce a specified amount of goods or service for the product.

These estimates are based on past experiences and future expectations, therefore, these are not certain and have a high chance that a difference will occur in actual performance. These estimates works as a guideline for performance, thus, it is prepared by the top managers of the departments of the entity.

7 0

3 years ago

The next two questions refer to the following fictional financial statement from Katie's Kicks: Revenue: $500,000 Shoes: $250,00

balu736 [363]

Answer:

502

Explanation:

In this question, we are asked to calculate the number of additional shoes to be sold to cover a $25,000 investment in advertising whilst also maintaining current contribution to the company.

Firstly, we calculate the sum of variable expenses;

This is the sum of shoe boxes and shoes = 1,000 + 250,000 = 251,000

Now, we proceed to get the contribution margin.

Mathematically, contribution margin = Revenue - Total variable expenses = 500,000 - 249,000 = 251,000

The contribution margin per part can be calculated as ;

Contribution Margin/currently selling pairs of shoes= 249,000/5000 = 49.8

The additional parts to be sold = Investment in advertising/contribution margin per shoes

= 25,000/49.8

= 502

4 0

4 years ago

Gilmore, Inc., had equity of $130,000 at the beginning of the year. At the end of the year, the company had total assets of $285

allochka39001 [22]

Answer and Explanation:

a and b The computation of internal growth rate is shown below:-

ROA = Net Income ÷ Total Assets

= $28,000 ÷ $285,000

= 9.82%

Retention Ratio = b = (Net Income - Dividends) ÷ Net Income

= ($28,000 - $3,200) ÷ $28,000

= $24,800 ÷ $28,000

= 88.57%

Internal Growth Rate = (ROA x b) ÷ (1 - ROA x b)

IGR = 9.82% × 88.57% ÷ (1 - 9.82% × 88.57%)

= 9.53%

c. Total Assets (t=1) = Total Assets (t=1) + Net Income - Dividends

= 285,000 + 28,000 - 3,200

= $253,800

ROA = 28,000 ÷ $253,800

= 11.03%

IGR = 11.03% × 88.57% ÷ (1 - 11.03% × 88.57%)

= 10.83%

6 0

3 years ago