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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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Kryger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory (parts)= 15,000 parts

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Sales July= 10,500

Sales August= 12,700

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60 percent on the month of the purchase.

40 percent in the following month.

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June= 13,600 - 15,000= -1,400

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B) Cash Required:

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Purchase from the month= 0

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3 0
3 years ago
Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Unit sales Quarter 1 15,400 units Quarter
adelina 88 [10]

Answer:

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Q2

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3 years ago
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Anna [14]

________________________________

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2 years ago
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