1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
3 years ago
13

A currency trader observes the following quotes in the spot market: 1 U.S. dollar = 122 Japanese yen 1 British pound = 2.25 Swis

s francs 1 British pound = 1.63 U.S. dollars Given this information, how many yen can be purchased for 1 Swiss franc? 89.47 85.05 91.70 88.38
Business
1 answer:
andrezito [222]3 years ago
8 0

Answer:

88.38

Explanation:

Given;

1 U.S. dollar = 122 Japanese yen

1 British pound = 2.25 Swiss francs

1 British pound = 1.63 U.S. dollars

Therefore,

2.25 Swiss francs = 1.63 U.S. dollars

1 US. dollar = 2.25/1.63 Swiss francs

1 US dollar = 1.38 Swiss francs

since

1 U.S. dollar = 122 Japanese yen then,

1.38 Swiss francs = 122 Japanese yen

1 Swiss francs = 122/1.38 Japanese yen

1 Swiss francs  = 88.38 Japanese yen

1 Swiss franc can be used to purchase 88.38 Japanese yen.

You might be interested in
Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,075 2 1,210 3 1,340 4 1,4
umka21 [38]

Answer:

the future value of the cash flow in year 4 is $5,632.73

Explanation:

The computation of the future value of the cash flow in year 4 is as follows:

= $1,075 × (1.08^3) + $1,210 × (1.08^2) + $1,340 × (1.08^1) + $1,420 ×(1.08^0)

= $1,354.19 + $1,411.34 + $1,447.20 + $1,420  

= $5,632.73

Hence, the future value of the cash flow in year 4 is $5,632.73

The same is to be considered and relevant  

6 0
3 years ago
When demand for a product changes because of its price, this product is said to be elastic.
IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

4 0
3 years ago
Read 2 more answers
Capital budgeting decisions ______. Multiple select question. involve an immediate cash outlay in order to obtain a future retur
pshichka [43]

Answer:

involve an immediate cash outlay in order to obtain a future return

require a great deal of analysis prior to acceptance

Explanation:

A capital budgeting decision refers to an investment and the financial commitement. If we considered a project so here the business is making the financial commitment and at the same time it invest in the longer period that have an influence on the future projects

So it is an instant cash outflow for gaining a future return and also have a great deal before accepting it

7 0
3 years ago
Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.
svet-max [94.6K]
Fees- Everything has a cost. Especially institutions, that are public.

Minimum Balance needed in an account-
If you are considering to buy anything, be sure to know your average amount of dollars you have, to know how much money you can spend. Be sure to have some left over.

Interest rates- The percentage you are being charged for. Be sure to have money left over for it.

Services- Pick the best services.
7 0
3 years ago
Read 2 more answers
Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of
umka2103 [35]

Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Explanation:

A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.

It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.

6 0
3 years ago
Other questions:
  • Gloria thinks that she is paid less than other workers in her division and feels extremely resentful. She starts taking long bre
    5·1 answer
  • Martin Enterprises needs someone to supply it with 118,000 cartons of machine screws per year to support its manufacturing needs
    12·1 answer
  • Suppose that currently the government provides everyone with a guaranteed income of $12,000 per year, but this benefit level is
    8·1 answer
  • Why is mobile banking considered riskier than online banking?
    14·2 answers
  • Simon recently received a credit card with an 18% nominal interest rate. With the card, he purchased an Amazon Kindle for $350.
    13·1 answer
  • Oriole Company purchased for $8,767,800 a mine that is estimated to have 48,710,000 tons of ore and no salvage value. In the fir
    8·1 answer
  • How do u mark brainlist pls? hurry
    6·1 answer
  • Question Mode Multiple Choice Question Preferred stockholders: Multiple choice question. have the right to receive dividends onl
    6·1 answer
  • Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that
    15·1 answer
  • What activities can Future Educators Association members participate in? Select two options. Sporting events political rallies c
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!