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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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Assume Intervale Railway is considering investing in Pale Co. stock for three months. The investment will represent​ 5% of the v
Ilya [14]

No significant interest equity investment

<h3><u>Explanation:</u></h3>

A technique used in accounting by a firm for the purpose of recording the profits that are obtained from its investments made on other company refers to an equity method. This investment is an equity investment. The profits that are obtained for the investments made by a firm is reported by the company to the firm that made the investment.

In the scenario given, Intervale Railway y is considering investing in Pale Co. stock for three months which is only 5% of the  voting stock of Pale Co. For considering it to be a significant investor, more than 20% and less than 50% of the voting stock must be held by the firm. The firm is holding 5% of the voting stock and hence the investment is considered to be No significant interest equity investment.

8 0
4 years ago
With the rapid industrialization and improved transportation of the 1880s, more product producers were chasing the growing purch
Elis [28]

Answer: Brands

Explanation:

 The development of brands is one of the type of marketing method which strengthen our various types of products and the services in an organization.

The importance of the development of brand is that it helps in maintaining the quality, consistency of product, trust and value the customers requirement.

The following are the phase of the brand development are as follows:

  • Brand identity
  • Brand strategy
  • Brand management
  • Graphic design

According to the given question, due to the rapid industrialization the organization are basically forced for differentiating the given products and the services in the development of brands.

3 0
3 years ago
The most important and volatile component of the current account in the U.S. balance of payments is:
astraxan [27]

Answer: net exports

Explanation:

Balance of payment simply shows the estimation of the inflows and outflow of a nation's money for a certain year. It should be noted that current account of the balance of payment consists of three main components which are the trade in Goods, the trade in services, and the transfer payments.

The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.

3 0
3 years ago
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Service
suter [353]

Answer:

See below

Explanation:

Acorn Health Services Co.

Income statement for the year ended, January 31st

Service revenue $234,500

Expenses:

Depreciation expense

$16,900

Insurance expense

$8,280

Miscellaneous expense

$6,590

Rent expense

$68,300

Supplies expense

$4,060

Utilities expense

$26,030

Wages expense

$255,200

Total expense ($385,360)

Net income (loss) $150,860

7 0
3 years ago
Suppose you purchase a​ ten-year bond with 5 % annual coupons.You hold the bond for four years and sell it immediately after rec
Readme [11.4K]

Answer:

$116.78

$110.66  

IRR is 3.03%

Find attached

Explanation:

The cash paid for the investment is the present  value of all cash flows including coupon and face  value promised by the bond discounted using the yield to maturity of 3.03%

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity of 3.03%

nper is the number of annual coupon  payments receivable by bondholders which is 10

pmt is the annual coupon=$100*5%=$5

fv is the face value of $100

=-pv(3.03%,10,5,100)=$116.78  

Price after four years means that there are only six years left to maturity,hence, nper changes to 6

=-pv(3.03%,6,5,100)=$110.66  

Download xlsx
7 0
3 years ago
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