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Mariana [72]
3 years ago
8

How does the ranking of spending by larger nations compare depending on which method is used to convert into a common currency?

Business
1 answer:
tatuchka [14]3 years ago
8 0

Answer:

There are two basic ways of comparing spending between different countries:

  1. By using the official exchange rate and their nominal value. Since the US dollar is the most "powerful" currency in the world, local currencies are exchanged to US dollars, then spending is measured in nominal US dollar values.
  2. Purchasing power party uses the US dollar as the base currency for the world and then compensates for changes in the exchange rates. This is usually more accurate since it compensates the fact that less developed nations are cheaper than rich developed countries. For example, a house in Switzerland is worth much more than a similar house in Mexico, therefore, the PPP compensates for this differences.

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Region Jet has a $68 million liability at December 31, 2021, of which $14 million is payable in 2022. In its December 31, 2021 b
DaniilM [7]

Answer:

The answer is D.

Explanation:

Current liability is the obligation or liability that are due within a year(12months). Example, accounts payable

Long-term liability is the obligation that has a life span of more than a year(i.e it takes more than a year to settle them). Example, bonds.

The opening balance for debt January 1 2022 is $68 million.

$14 million is a curren asset asset because it will be repaid within 2022 calendar year(within a year) while $54million($68 million - $14million) will definitely be a long-term liability.

6 0
3 years ago
Can you operate a lift if its raining inside the vechile
Ilya [14]
I believe you will get electcuted
8 0
3 years ago
Piper Technology's fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130. What is the
sweet-ann [11.9K]

Answer:

141,667 units

Explanation:

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

As such, the net operating income/loss is the difference between the sales and the total costs .

Let the amount of sales in units be y then,

250y - 130y - 1,500,000 = 200,000

120y = 1,700,000

y = 1700000/12

= 141,667 units

4 0
3 years ago
Country x would have an absolute advantage over country y in the production of automobiles under what conditions?
Paul [167]
Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.
4 0
3 years ago
Read 2 more answers
Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc
Mkey [24]

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

5 0
3 years ago
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