Answer:
0.75
Explanation:
Given that
Exchange rate of NZ dollar to US dollar = 1.25
A pound of apple in US = 2
A pound of apple in NZ = 1
Recall that
Real exchange rate = nominal exchange rate × (domestic price of item ÷ foreign price of item)
= 1.5 × (1 ÷ 2)
= 1.5 × 0.5
= 0.75
Hence, real exchange rate = 0.75
Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Answer:
The answer is $53,732.
Explanation:
The value of the equipment reported on Libby Company's balance sheet is equal to:
Cash payment at purchase + Present value of 8 equal semiannual payment, $6,700 each discounted at 3% ( because semiannual payment is made for 4 years so we have 2 x4 = 8 payments; and annual borrowing rate is 6% so we have discount rate = 6% /2 = 3%).
with:
Cash payment at purchase = $6,700;
Present value of 8 equal semiannual payment, $6,700 each discounted at 3% = (6,700/3%) x ( 1 - 1.03^(-8) ) = $47,032 ( that is, apply the formula to find present value of annuity).
we have:
The value of the equipment reported on Libby Company's balance sheet = 6,700 + 47,032 = $53,732.
Explanation:
Public relations are the relations a company make with the public. Such events include the direct contact of the company with the public. Whereas Sales Promotions are the events that are held by a company to promote their sales. Sales promotions and Public relations Events are often held by the companies to remain in spotlight.
In this question the given events are asked to classify as either Public Relations or Sales Promotions. So they are classified as follows:
Contests Public Relations
Product Samples Sales Promotions
Charity Events Public Relations
Giveaways Sales Promotions