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ch4aika [34]
4 years ago
9

Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Charles wants to sell his bic

ycle horns to these markets. In this case, the exchange rate is $1 U.S. dollar = 6.42 Chinese yuan. Economically speaking, how are his prospects?A) Not good. The Chinese would not see value in a horn because they are accustomed to just yell at each other in traffic.B) Good because the yuan has strength against the dollar. The Chinese have 6.42 yuan to spend compared to $1 U.S. dollar.C) It depends on the value of the Chinese yuan in relation to the dollar.D) Pretty good because the U.S. dollar is down against the Chinese yuan.
Business
1 answer:
drek231 [11]4 years ago
4 0

Answer:

C) It depends on the value of the Chinese yuan in relation to the dollar.

Explanation:

The exchange rate of a currency gives you a nominal value of the local currency against another foreign currency, but just by having a number doesn't mean a lot. First of all we do not know how much can you really buy with 6.42 yuans, so we are not able to know if $1 is cheap or expensive.

Assuming that the price of the horns is competitive, what can really affect this business is the fluctuations of the currency value. If the yuan appreciates against the dollar, the horns will become cheaper, but if the yuan depreciates against the dollar, the horns will become more expensive.

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Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

Cost of goods sold=$22 billion + ($0.8 billion ­ $0.6 billion)

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Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

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3 years ago
You are delivering a presentation and the subject matter concerns whether a company should report convertible debt simply as a l
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3 years ago
Which of the following observations of children is the most objective? A. Joan was playing with blocks, building a structure, wh
valina [46]
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3 0
3 years ago
Suppose you sell a fixed asset for $115,000 when it's book value is $135,000. If your company's marginal tax rate is 39%, what w
Lena [83]

Answer:

$122,800

Explanation:

For computing the after-tax cash flow, first we have to determine the loss on sale a fixed asset which is shown below:

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Now the after-tax cash flow of this sale would be

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4 0
4 years ago
Jeremy, a manager, calls for a meeting with his subordinate, Nadia, to discuss a new project. When she gives her opinion, Jeremy
san4es73 [151]

Jeremy is involved in reflection .

Option B

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It represents the paraphrasing process which reflects both the speaker's thoughts and words. The goal of reflection is:

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In order to encourage them to speak.

Reflecting doesn't really involve asking the questions; introduce a new topic, or contributing a conversation in a different direction.  Speakers are encouraged to learn because they can not only feel heard, but can also concentrate their thoughts.  In effect, it allows them to think and encourage them to speak more.

6 0
3 years ago
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