Earl has $310 dollars in his checking account
Answer:
Explanation:
A forward exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.
The government sets a fixed exchange rate that is allowed to fluctuate only slightly (if at all) around the par value.
When American customers import more from Europe than they export to Europe, the euro appreciate relative to the dollar.
The depreciation or appreciation of a currency refers to a decrease or increase, respectively, in the foreign exchange value of a floating currency.
Under a managed floating regime, the government plays a significant role in managing the exchange rate by manipulating the currency's supply and demand.
Currencies under such a regime are nonconvertible currencies.
Answer: $5,600,000
Explanation:
The firm's free cash flow last year will be:
Net Income = $4,100,000.00
Add: Depreciation = $2,400,000.00
Less: Capital Expenditure = $2,000,000.00
Add: Decrease in Net working capital = $1,100,000
Free Cash Flow = $5,600,000
Answer:
Production shifts to a use of cheaper ingredients
Explanation:
A price ceiling sets a limit on how high a product can be sold for. It is usually set by the government or an agency of the government. Price ceilings discourage producers.
Producers usually react to a price ceiling by reducing the quality of goods and services produced or by reducing the quantity produced so as to reduce cost.
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