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jolli1 [7]
4 years ago
11

Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.

S. importer will contact his U.S. bank (where of course he has an account denominated in U.S. dollars) and inquire about the exchange rate, which the bank quotes as €1.0242/$1.00. The importer accepts this price, so his bank will ________ the importer's account in the amount of ________.
Business
1 answer:
Zolol [24]4 years ago
5 0

Answer:

The importer accepts this price, so his bank will <u>debit</u> the importer's account in the amount of <u>$500000</u>

Explanation:

Debiting an account removes money from the account. Crediting an account adds money to the account.

The bank will  therefore <em>debit</em> his account because the money will be taken out and paid to the exporter.

The amount that the importer pays in dollars can easily be calculate as:

€512,100 / €1.0242 = $500000

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What characteristic of water accounts for the fact that coastal regions do not experience such large temperature variations as l
Advocard [28]

Answer:

Option D; WATER HAS A LARGE HEAT CAPACITY.

Explanation:

Heat capacity is the amount of energy required to raise the temperature of a substance by 1°C. This activity demonstrates that water has a higher heat capacity than water.

A large body of water has a higher heat capacity than land, meaning it takes more energy to warm and cool the temperature of water.

Everyday, the land heats much faster than the sea and every night the land cools faster. When the land heats up, the air above it heats up as well. On the other hand, the ocean heats up and cools down relatively slowly. Therefore, areas near the ocean generally stay cooler during the day and have a more moderate temperature range than inland areas.

The characteristic of water that accounts for the fact that coastal regions do not experience such large temperature variations as landlocked areas is that WATER HAS A LARGE HEAT CAPACITY.

4 0
4 years ago
Net present value ____________________. Group of answer choices compares project cost to the present value of the project benefi
lakkis [162]

Answer:

compares project cost to the present value of the project benefits

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

A good investment is an investment that has a positive NPV. When comparing two or more projects, the project with the higher NPV should be chosen.

4 0
4 years ago
. If the Fed wishes to conduct expansionary monetary policy, it should (select one) a. Increase required reserve ratio b. Decrea
Elza [17]

If the Fed needs to conduct expansionary monetary policy, it must b) decrease the required reserve ratio.

Expansionary economic coverage works via increasing the cash supply faster than traditional or lowering short-time period interest charges. it's far enacted by way of vital banks and comes about thru open marketplace operations, reserve requirements, and setting interest costs.

The Federal Reserve has 3 expansionary financial policy methods: lowering interest rates, decreasing banks' reserve necessities, and shopping for authorities' securities.

Expansionary monetary policy is genuinely a policy that expands (will increase) the delivery of money, while contractionary economic policy contracts (decreases) the supply of a rustic's forex.

Learn more about expansionary monetary policy here: brainly.com/question/9046840

#SPJ4

3 0
2 years ago
When a firm has many potential competitors and tries to develop a marketing strategy to differentiate its products from the comp
Digiron [165]

Answer:

na buang ka ayaw ko ug pangutana

5 0
2 years ago
You are given the following information for Bowie Pizza Co.: Sales = $64,000; Costs = $30,700; Addition to retained earnings = $
pychu [463]

Answer:

$18554

Explanation:

The formula for addition to retained earnings can be used to determine the amount of depreciation expense as shown below:

addition to retained earnings=sales-costs-depreciation expense-interest expense-tax paid-dividends

addition to retained earnings=net income-dividends

5700=net income-1980

net income=5700+1980=7680

if tax 22%,net income is 1-22%=0.78

profit before tax=7680 /0.78= 9,846.15  

tax = 9,846.15*22%= 2,166.15  

using the long formula,we have depreciation expense

5700=64000-30700-depreciation expense-4400-2666.15-1980

depreciation expense=64000-30700-4400-2666.15-1980-5700

depreciatio expense=$18553.85

7 0
4 years ago
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