Answer:
$1.47
Explanation:
Interest rate in foreign currency if=7%
Interest rate in local currency ih=5%
Spot rate (So)-dollars per unit of foreign currency=$1.5
Change in foregin currency exchange rate ef=((1+ih)/(1+if))-1
ef=(1+.05/1+.07)-1=-1.86%
Future spot rate (St)=So(1+ef)=1.5(1-.0186)=$1.47
Answer:
Correct option is (B)
Explanation:
Given:
Beginning capital = $80,000
Net income = $35,000
Drawings = $18,000
Net income is added to opening capital and deduct drawings to arrive at capital balance at the end.
Capital at the end of the year = opening capital + net income - drawings
= 80,000 + 35,000 - 18,000
= $97,000
Answer:
Nonprofit Organization.
Explanation:
The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a beneficial impact on targeted individuals or society as a whole is known as Nonprofit Organization which is a business that has been allowed tax-exempt situation by the Internal Revenue Service (IRS) as it promotes a social belief and provides a public support. A nonprofit necessarily assist the public in any way, whether by offering goods, services, or a combination of both.
The GDP deflator for this year is calculated by dividing the used by the using and multiplying by 100. However, the CPI reflects only the prices of all goods and services; therefore the correct option is True.
The GDP deflator for this year is determined by multiplying by 100, then dividing the value of all goods and services produced in the economy this year at prices from this year by the value of all goods and services produced in the economy this year at prices from the base year. The CPI, however, only includes the costs of all consumer purchases of goods and services.
The CPI, a different economic term used to describe the consumer price index, and the GDP deflator are closely related. The GDP deflator can determine if there was inflation or deflation in the national economy for a specific year by using the CPI.
Therefore the correct option is True.
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