Answer:
1 dollar = 1.5 peso
Explanation:
An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.
Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.
Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.
<u>Given </u>: 1 unit of peso = 12 grains of gold
1 unit of US Dollar = 18 gains of gold
<u>To find</u> : 1 peso = ___ dollars
1 grain of gold = 
peso
similarly, 1 grain of gold = 
dollars
this means, 
it means 1 peso = 
or 1 peso = 
or 1 dollar = 1.5 pesos
Answer and Explanation:
The impact on the sale and the payoff the loan in an accounting equation is as follows:
But before that
The following journal entries should be recorded
Cash $60,000
To Land $40,000
To Profit on sale of land $20,000
(Being the sale of the land is recorded)
Loan Dr $15,000
To Cash $15,000
(Being the loan is paid)
Here the cash would increased by $5,000, the liabilities would decreased by $15,000 and equity would be increased by $20,000
Answer: Incremental innovation ( answer for both the blanks)
Explanation: In simple words, incremental innovation refers to the process under which small improvement are made to the current practices of business. Such improvements through innovation results in better products and services offerings.
Such small changes however occur in large volumes and can easily revolutionize any industry.
Answer:
c
Explanation:
Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.
For example :
Units of labour Revenue
1 100
2 200
The MRP of employing 2 units of labour = (200 - 100) / (2 -1) = 100
