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djverab [1.8K]
3 years ago
14

You are selling an autographed Steve Nash rookie basketball card online for $170. A potential buyer contacts you and offers to p

ay you$170 Canadian dollars. You quickly check and find the exchange rateis $1 U.S. to $1.25 Canadian. If you take this deal, you will have returned Steve to his homeland and:
A. Earned more than if you accept $170 U.S.
B. Come out financially equal
C. Earned less than if you accept $170 U.S
Business
1 answer:
Ierofanga [76]3 years ago
8 0

Answer:

Option (C) is correct.

Explanation:

Selling price of a basketball = $170

A potential buyer contacts you and offers to pay you$170 Canadian dollars.

Exchange rate between the U.S and Canada is as follows:

$1 U.S = $1.25 Canadian

So,

Worth of $170 U.S in terms of Canadian dollar is as follows:

= $1.25 × $170

= $212.5 Canadian dollars

If you take this deal, you will have returned Steve to his homeland and Earned less than if you accept $170 U.S.

Because, the worth of $170 U.S dollars is $212.5 Canadian dollars. Hence, there is a loss of $42.5 Canadian dollars if he will accept the deal.

So, it is better for him to accept $170 U.S dollars.

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You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
MrMuchimi

Answer: The debit column of the trial balance was overstated.

Explanation: from the question, the asset purchased with a value of $18,950 was overstated in the asset asset account.

On the purchase of the asset, the asset account is to be debited and accounts payable account is to be credited and not debited. So the debit side of the trial balance was overstated by $18,950 * 2 = $37,900.

7 0
3 years ago
Homer notices that he gains more weight if he eats more doughnuts. Fill in the blanks to com the passage about the correlation b
Anika [276]

Answer:

Homer notices that he gains more weight if he eats more doughnuts. Fill in the blanks to com the passage about the correlation between weight and doughnuts.

There is a __positive_____correlation between the number of doughnuts Homer eats and his weight.  If Homer wants to lose weight, he should eat___less____ doughnuts.  If Homer graphed this relationship on a scatter plot, an increase on the y axis would lead to__an increase______ on the x axis.

Explanation:

According to the question, Homer's doughnut consumption and weight should be graphed so that an increase in the x-axis would lead to an increase in the y-axis.  The x-axis is the independent variable while the y-axis is always the dependent variable and not vice versa.  The number of doughnuts that Homer consumes should be plotted on the x-axis and the weight obtained on the y-axis because the weight depends on the number of doughnuts consumed.

3 0
3 years ago
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note t
dolphi86 [110]

Answer and Explanation:

The computation of the MIRR is shown below:

But before that terminal cash flow required to calculate

<u> Year       Cash Flows    FV Factor Formula      Terminal Value </u>

<u>                                                                       (Cash Flow × FV Factor) </u>

0             ($1,000)    

1               $450                 1.21                (1 +10%)^(2)      $545

2             $450                   1.1                 (1 + 10%)^(1)     $495

3            $450                   1                       1                 $450

Terminal Cash Flow                                                      $1,490

now the MIRR is

MIRR = \sqrt[n]{\frac{terminal\ cash\ flow}{initial\ investment} } - 1\\\\= \sqrt[3]{\frac{\$1,490}{\$1,000} } - 1

= 14.22%

As it can be seen that the MIRR is more than the WACC so the project should be accepted.

8 0
3 years ago
In economics, the demand for a good refers to the amount of the good that people:
yuradex [85]

Answer:

b. will buy at various prices.

Explanation:

In economics, demand refers to the quantity of a product that buyers are willing and able to buy at a specific price or different prices. For demand to exist, buyers must not only be willing to purchase but must have the financial resources to buy.

Several factors, such as price, customer preferences, and market news, may influence the demand for a product. As per the law of demand, an indirect relationship exists between price and quantity demanded. An increase in price leads to a decline in demand.  Changes in prices and preferences or related goods also affect the demand for a product.

8 0
3 years ago
Joann wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today
Anettt [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Joann wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. She can earn 11% on her investments and tuition inflation is 6%.

First, we must find the cost of the tuition for 18 years and so on from now.

FV= PV*(1+i)^n

FV= 10,000*(1.06)^18= 28,543.39

Year 2= 28,543.39*1.06= 30,256

Year 3= 30,256*1.06= 32,071.36

Year 4= 32,071.36= 33,995.64

Total= 124,866.39

Now, we can calculate the annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (124,966.39*0.11)/[(1.11^18)-1]= $2,479.69

3 0
3 years ago
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