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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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Licemer1 [7]

This individual has experienced structural mobility

Structural mobility:

It happens when societal changes enable a whole group of people to move up or down the social class ladder. Structural mobility is attributable to changes in society as a whole, not individual changes.

In the first half of the twentieth century, industrialization expanded the U.S. economy, raising the standard of living and leading to upward structural mobility. In today’s work economy, the recent recession and the outsourcing of jobs overseas have contributed to high unemployment rates. Many people have experienced economic setbacks, creating a wave of downward structural mobility.

When analyzing the trends and movements in social mobility, sociologists consider all modes of mobility. Scholars recognize that mobility is not as common or easy to achieve as many people think. In fact, some consider social mobility a myth.

What is structural social mobility ?

The concept of structural social mobility refers to change in the social position of many people due to changes in society itself.

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4 0
1 year ago
What is cash flow?...................................
notka56 [123]

Answer:

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company's ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow

Explanation:

3 0
2 years ago
Two methods for communicating metrics are dashboards and _______
ch4aika [34]

Answer:

<u>Scorecards.</u>

Explanation:

Two methods described for communicating metrics are dashboards and scorecards. These are not mutually exclusive as these can be related and used simultaneously.

Scorecards compares the strategic goals with the actual performance called results. It is a vertical strategy in which management implements its strategies while moving the symmetrical step with goals.

5 0
3 years ago
Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o
bazaltina [42]

Answer: $3,940

Explanation:

Purchase from Diamond

The company received a discount of 2% because they paid within 10 days as per the terms of the sale.

Cost of inventory from Diamond:

= (Cost of goods - Returns) * (1 - 2%)

= (4,100 - 1,100) * 98%

= $2,940

Purchase from Club

Discount period expired so the full $1,000 is paid.

Total inventory cost:

= 2,940 + 1,000

= $3,940

4 0
2 years ago
How does communication aids to trade​
Alexus [3.1K]

Answer:

Aids to trade communication

<u><em>Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents.</em></u>

Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

Hope this helpssss :)

7 0
3 years ago
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