Assume that General Electric is trying to decide whether to locate a new production facility in the United States or in Japan. I

Question

3 years ago

8

Assume that General Electric is trying to decide whether to locate a new production facility in the United States or in Japan. I

n order to help make its decision, the company wants to compare labor costs in the two countries. The average hourly wage in the United States is approximately $12 per hour. The U.S. exchange rate with Japan is 240.0 yen per dollar. Convert the average U.S. hourly wage into units of yen per hour.

Business

1 answer:

Anna71 [15] · Answer 1 · 2022-05-27T02:05:21+03:00

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The average hourly wage in the United States is approximately $12 per hour. The U.S. exchange rate with Japan is 240.0 yen per dollar.

The hourly rate in Japan is:

Hourly rate= 12* 240= 2,880 yen an hour.