1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iogann1982 [59]
3 years ago
9

Exchange rates Personal Finance Problem Fred Nappa is planning to take a wine-tasting tour through Italy this summer. The tour w

ill cost 2,750 euros () and includes transportation, hotels, and a guide. Fred estimates that round-trip airfare from his home in North Carolina to Rome, Italy, will be $1,459, he also will incur another $290 in incidental travel expenses. Fred estimates the cost of meals in Italy to be about 519, and he will take an additional $1,090 to cover miscellaneous expenditures. Currently the exchange rate is $1.3423/1.00 (or 0.74499/$1.00). a. Determine the total dollar cost of the trip to Italy b. Deternine the amount of euros () Fred will need to cover meals and miscellaneous expendtures a. The total cost of the trip in dollars is s(Round to the nearest dollar) b. The amount of euros for meals and miscellaneous expenditures is (Round to the nearest euro)

Business
1 answer:
leonid [27]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
28. Callable bonds generally: A. grant the bondholder the option to call the bond any time after the deferment period. B. are ca
SIZIF [17.4K]

Answer:

E. have a sinking fund provision

Explanation:

Callable bonds are the one wherein the issuer/borrower has an option to redeem the bonds anytime after an initial stipulated period. In case of such bonds, if the issuer decides to redeem the bonds, the holders have to accept the redemption value.

Usually, when market rate of interest on such bonds falls below the coupon rate of such bonds, the issuer redeems such bonds. Thus, such bonds are beneficial to the issuer.

Call protection refers to the period within which such bonds cannot be called or redeemed.

Sinking fund provision refers to transferring a portion of money during the duration of such callable bonds to a separate reserve known as sinking fund, which is created for the purpose of redemption of funds. So when such bonds are to be called, the total money transferred to sinking fund reserve would be raised and used for payment to bondholders.

Creation of such a reserve helps the issuer avoid the pressure of lump sum payment as periodically funds are set aside for the purpose of redemption.

4 0
3 years ago
To be more efficient in formatting tasks, it is important to follow best practices when designing type. Which scenarios
Aleksandr [31]

Answer:

2 and 5

Explanation:

7 0
2 years ago
Read 2 more answers
Which of these bottled water brands is produced by the makers of coca-cola?
katovenus [111]
The answer to this question is <span>DASANI
the makers of coca cola was interested in entering bottled water brands after seeing the success of Aquafina (which was produced by coca cola's rival)
</span><span> between May 2014 and 2015  alone, DASANI managed to achieve impressive sales of 1.05 Billion dollar</span>
8 0
3 years ago
Please help <br><br> Why is engaging communication a two-way process?
kumpel [21]

Answer:

Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness

Effective communication depends on the proper understanding of the message by the sender and receiver.

Explanation:

<h3>Hope you can help</h3>
7 0
2 years ago
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization sch
Zielflug [23.3K]

Answer:

7%

Explanation:

Calculation to determine the annual effective interest rate on the bonds

Using this formula

Annual Stated interest = Annual cash interest / Face vale of bonds*100

Let plug in the formula

Annual Stated interest =($7000+$7000) / 200000*100

Annual Stated interest=$14,000/20,000

Annual Stated interest=7%

Therefore the annual effective interest rate on the bonds is 7%

4 0
3 years ago
Other questions:
  • Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a 6% interest rate to invest in the stock market. Y
    12·1 answer
  • Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the informa
    15·1 answer
  • A) You observe the following exchange rates in the market.
    12·1 answer
  • IE 9-2 ... PPF Model – If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model)
    6·1 answer
  • Within a firearm, a burning material creates pressure to force the bullet or shot out of the barrel. What is this burning materi
    7·1 answer
  • Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discover
    9·1 answer
  • Crisp Cookware's common stock is expected to pay a dividend of $3 per share at the end of this year; its beta is 0.9; the risk-f
    7·1 answer
  • Given the following financial statements for GM, the return on assets is ______ percent? (Write your answer as a percentage, rou
    9·1 answer
  • Donna and Matthew share an office. Donna was balancing her checkbook when she was called
    6·2 answers
  • Lamar Company is considering a project that would have an eight-year life and require a $2,400,000 investment in equipment. At t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!