1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
3 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]3 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.

You might be interested in
Jane must do a system each evening to copy and archive computer data that could be used if a compromise occurs
svetlana [45]
Jane must do a system each evening to copy and archive computer data that could be used if a compromise occurs. The process that Jane makes is referred to as back up. Back up process is the process of copying and archiving computer data so that the duplicate files can be used to restore the original data if a compromise occurs. 
8 0
3 years ago
The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make
amm1812

Answer:

start-up is the correct answer.

6 0
2 years ago
Behavioral economistsLOADING... attribute some consumer behavior to the endowment effect. Which of the following is an example o
mestny [16]

Answer:  Option C

Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.

Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.  

   

6 0
3 years ago
On December 31, 2017, Ivanhoe Company had $1,313,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja
gizmo_the_mogwai [7]

Answer:

They should be reported in 2 different parts, first under current liabilities as:

  • Notes payable $269,000

Then under long term liabilities:

  • Notes payable expected to be refinanced $1,044,000

Explanation:

the total short term notes payable on December 31 = $1,313,000

  • $1,044,000 were paid off by issuing common stocks, so that portion of the debt must be reported as notes payable expected to be refinanced (or refinanced debt)
  • the remaining $269,000 which were paid using cash reserves must be reported as current notes payable

5 0
3 years ago
Woodman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Estimate
IgorLugansk [536]

Answer:

Underapplied overhead= $20,000

Explanation:

<u>Giving the following information: </u>

Estimated Actual

Direct Labor Hours: 600,000 550,000

Manufacturing Overhead Estimated $720,000 $680,000

<u>I assume that we need to calculate the over/under applied overhead.</u>

<u>First, we need to determine  the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 720,000/600,000

Predetermined manufacturing overhead rate= $1.2 per direct labor hour

<u>Now, we apply overhead based on actual hours:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.2*550,000

Allocated MOH= $660,000

<u>Finally, the under/over applied overhead:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 680,000 - 660,000

Underapplied overhead= $20,000

5 0
3 years ago
Other questions:
  • What is the percentage change in the multifactor labor and raw materials productivity measure for sunpath between 2011 &amp; 201
    10·1 answer
  • An unmanned instrumented spacecraft designed for the acquisition of scientific data carried out in a space environment is called
    9·1 answer
  • A lawn service company has the following production possibilities. With​ one, two,​ three, and four​ workers, the company can mo
    5·1 answer
  • In a free-market system, producers are most strongly driven by which of the
    15·1 answer
  • Refer to Stevenson, Ross, and Warner. Which of the following represents a key component of the Sarbanes-Oxley Act relating to co
    14·1 answer
  • ________ relates to the distribution of resources across society.
    11·1 answer
  • Documentation is necessary to establish educational accommodations. true or false​
    9·1 answer
  • A monetary unit that is freely and easily converted into other currencies is
    11·1 answer
  • If the federal reserve overstimulates the economy by increasing money growth too much, then inflation will?
    8·1 answer
  • When a license has been revoked what is the soonest the licensee can apply to the state to become a real estate licensee again?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!