Answer:
The correct answer is the option C: the market not wanting advances in technology.
Explanation:
To begin with, the fact that the new product is an example of advanced technology it does not exactly engages in the fact that it will work in every market that it will be launched. That is the example presented in the case, the new product is so good but the market where it launched it was not ready yet for its arrival and that is because it did not have the refueling stations so that implicates that if there are not those stations then the demand of that type of cars is not enough and therefore the market is not wanting that kind of advances in technology so that is why that to someone in Michigan the Mirai would be a poor purchase.
Answer:
A. $4,625
Explanation:
Items Amount
Sales $925,000
Uncollectible percentage <u> 0.50% </u>
Amount of Bad debts expense <u>$4,625 </u>
($925,000 * 0.50%)
Answer: 2.0143
Explanation:
From the question, we are informed that the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.70 euro.
The cross rate of Swiss francs to euros will be the exchange rate between U.S. dollars and Swiss francs which is SF 1.41 = $1.00 multiplied by the exchange rate between the U.S. dollar and the euro which is $1.00 = 0.70 euro. This will now be:
= (1.41/1.00) × (1.00/0.70)
= 1.41 × 1.4285714286
= 2.0143
The cross rate of Swiss francs to euros is SF 2.0143 = 1 euro