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Brut [27]
4 years ago
9

he exchange rates of the euro (€ ) and the Japanese yen (¥) relative to the U.S. dollar ($) are listed as follows: Spot Rate Eur

o € 0.5447/$1 Yen ¥ 111.83/$1 When exchange rates are stated as quotation, the foreign exchange rate quotation represents the units of foreign currency that can be purchased with $1. How many euros can ¥1 purchase? € 0.004871 € 205.31 € 0.006089 € 0.006332 Direct and indirect quotations have relationship.
Business
1 answer:
bearhunter [10]4 years ago
5 0

Answer:

€ 0.004871

Explanation:

Direct quote is a method of quoting a foreign currency per one unit of domestic currency.

Indirect quote is a method of quoting a foreign currency in which price of foreign currency is expressed in domestic currency.

In the given question to find the units Euro per Yen we need to divide the Euro per dollar rate with the Yen per dollar rate.

Euro 0.5547 / $1

Yen 111.83 / $1

Euro per Yen = 0.5547 / 111.83 = €0.004871 per ¥1

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Explain the contra entry to sales ledger and why it was needed
vivado [14]

Answer:

The Contra Entry is the transfer of cash. Hope this helps!

5 0
3 years ago
This graph compares the cost of an education at different institutions in Texas.
ELEN [110]

Answer:

private universities can cost three times as much to attend as public universities.

Explanation:

Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend.  It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).

Community college costs 9000, while technical schools cost 4000; the cost is not five times more.

Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.

7 0
4 years ago
Which of the following is true? Group of answer choices The price of gold increases when the economy is stable The DJIA is the c
andrey2020 [161]

Answer:

Which of the following is true?

a)The price of gold increases when the economy is stable

b)The DJIA is the cost of capital for U.S companies

c)NASDAQ index focuses on large cap stocks and the energy sector

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e)The 30-yr Treasury yield is the base cost of capital for U.S companies

Answer = E

Explanation:

U.S treasury yield represents the risk free rate demanded by investors because its assumed that U.S is risk free, so for companies in the U.S looking for capital over a long period of time the usual use 30-yr Treasury yield as their cost of capital because its represents what they could have invested their funds in at no risk.

8 0
3 years ago
Consumption Goods Capital Goods
Ulleksa [173]

Answer: b. Because the opportunity cost of the fourth unit of capital is the consumption goods that must be given up for this economy to move from three units of capital to four units of capital, but the opportunity cost of four units of capital is  the amount of consumption goods that must be given up to go from zero units of capital to four units of capital.

Explanation:

The opportunity cost of the 4th unit of capital refers to how many units of consumption need to be given up for the economy to move from the third unit to the forth unit of capital. In other words, the economy needs to give up 4 more goods to move from the 3rd unit of capital to the fourth.

But if the Economy was to produce the entire 4 units of capital it would have to give up the entire 10 units of consumption in total.

7 0
3 years ago
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Marianna [84]

Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

4 0
3 years ago
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