Answer:
0.083 euros
Explanation:
Data provided in the question
The U.S. dollar–euro exchange rate is 1.20 dollars per euro
The U.S. dollar–Mexican peso rate is 0.10 dollars per peso
Since the U.S. dollar–euro exchange rate is 1.20 dollars per euro
The computation of the euro-peso rate is shown below:
That means,
$1.20 = 1 euro
So,
$1 = 1 ÷ $1.20 euro
$1 = 0.83 euros ..........................(1)
Now U.S. dollar–Mexican peso rate is 0.10 dollars per peso
That means,
$0.10 = 1 peso
$1 = 1 ÷0.10 peso
$1 = 10 pesos .............................(2)
Now equate these above two equations
0.83 euros = 10 pesos
i.e
10 pesos = 0.83 euros
1 peso = 0.83 ÷10 euros
So,
1 peso = 0.083 euros
Answer:
D.Long term liabilities
Explanation:
In simple terms, Long term debts on balance sheet are those loans and other liabilities, which are not going to come due within a period of 1 year from the time when they are created. In general terms, all the non-current liabilities can be called long-term debts, especially for the purpose of finding financial ratios that are to be used for analyzing the financial health of a company.
Answer:
d) The bank does not need to pay because of the fictitious payee rule.
Explanation:
Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.