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Zielflug [23.3K]
3 years ago
12

Last year Leather Boot, Inc. had investments in Paris worth 440,000 euros. At that time, the euro was worth $1.12. Today the eur

o is trading for $1.32. What is the gain or loss in value of the inventory expressed in dollars and in euros? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest whole number. If your answer is zero, enter "0".
Business
1 answer:
hjlf3 years ago
6 0

Answer:

  • $88,000 gain in dollars
  • €0 gain (loss) in Euros

Explanation:

Last year, the value of the inventory in dollars was;

= 440,000 * 1.12

= $‭492,800‬

This year with the new exchange rate this value has gone to;

= 440,000 * 1.32

= $580,800‬

The Gain (loss) in dollars is;

= Current value - Last year value

= 580,800‬ - 492,800

= $88,000

The value of the Euro both last year and this year is still €440,000 so the change is gain is €0.

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A five-year security was purchased two years ago by an investor who plans to resell it. The security will be sold by the investo
Zielflug [23.3K]

Answer:

Secondary market.

Explanation:

In this scenario, a five-year security was purchased two years ago by an investor who plans to resell it.

Hence, the security will be sold by the investor in the so-called secondary market.

When one investor sells his or her stock directly to another, the transaction is said to occur in the secondary market.

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.

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4 years ago
Never use a circular saw that doesn't have a lower blade gaurd bcause the
Scorpion4ik [409]
The guard prevents you from touching the blade.
3 0
3 years ago
A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season
swat32

Answer:

Dr cash    $375,000

Cr unearned revenue      $375,000

Dr unearned revenue     $37,500

Cr revenue                                    $37,500

Explanation:

The total amount realized from the sale of tickets is  $375,000($250*1500)

However,the cash proceeds should be debited to cash while it is also credited to unearned revenue

The revenue from fulfilling the performance obligation=1/10*$375,000=$37,500

The $37,500 is debited to unearned revenue and credited to sales revenue as that amount has now been earned

4 0
3 years ago
If you are working on a highly energetic reaction, and you need to evacuate, what should you do
babunello [35]
The answer for this question is: Stabilize the reaction
Chemicals with highly energetic reaction will have more risk to create high-energy force if we somehow fail to contain it safely.
When you need to evacuate, this type of reaction could create an explosion, so it's really advised to stabilize the reaction first.
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3 years ago
Suppose an early freeze affects the market for oranges. The equilibrium quantity in this market will not change after the change
BlackZzzverrR [31]

Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.  

3 0
4 years ago
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