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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.  

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Company A uses an accelerated depreciation method while Company B uses the straight-line method. All other things being equal, d
babymother [125]

Answer:

d. A larger fixed assets turnover ratio and a larger gain on asset disposal

Explanation:

Accelerated depreciation is a method of depreciation whereby the book value of an asset is rapidly depreciated or reduced i.e at an accelerated rate.

This method usually minimizes taxable income in the initial years as a higher amount of depreciation is claimed.

Fixed assets turnover ratio refers to what percentage of net sales is attributable to an entity's fixed assets. It is expressed as:

\frac{Net\ Sales}{Average\ Fixed\ Assets}

Gain on sale of asset disposal = Sale value - Book Value

Book Value =  Cost less accumulated depreciation till date

As can be seen, Average fixed assets balance would reduce thereby increasing fixed assets turnover ratio.

Similarly, due to higher depreciation charged, Book Value would be comparatively less, which would lead to larger gain on assets disposal in the initial years.

5 0
3 years ago
Crane Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budge
34kurt

Answer:

$22,050

Explanation:

The computation of the total budgeted variable selling and administrative expenses for October is shown below:

Sales Commission (9,000 × $0.60) $5,400  

Shipping (9,000 × $1.2) $10,800

Advertising (9,000 × 0.3) $2,700

Other (9,000 × .35) $3,150

Budgeted Variable Selling and admin expenses $22,050

We simply added all the variable selling and admin expenses so that the total could arrive

3 0
3 years ago
Alexa, a manager, has several years of experience in engineering technologies, and holds many professional licenses. new enginee
Andreas93 [3]
The answer to the question of what kind of power Alexa needs is the expert's power.  She has been a manager for a long time, and many experiences have come her way, so if the new engineers in the firm frequently look to her for instruction and advice, she must be confident and expert.
5 0
3 years ago
Seventy percent of a house painter's business is exterior work and the other thirty percent is interior. The average exterior pa
puteri [66]

Answer:

C) The painter has supply costs of $6050 for next month.

Explanation:

                               Exterior     Interior     Total

Shares                       70%          30%        100%

Time Taken (hours)   20              6

Cost ( $ )                    400            75

For upcoming Month:

Expected Order          14               6             20

( No. of Order x Time take per job )

Estimated time (hours) 280         36             316

( No. of Order x Time take per job )

Estimated Cost ($)       5600      450            6050

8 0
3 years ago
The final paragraph of a cover letter does not need which of the following?
Veseljchak [2.6K]

Answer:

d

Explanation:

you have already put at top

5 0
3 years ago
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