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2 years ago

What were the origins of the Asian currency crisis?

Business

1 answer:

valina [46]2 years ago

8 0

Answer:

East and South east Asia

Explanation:

The crisis that later blew up to become a financial crisis over the year started from the east and south east Asia countries of Thailand , Indonesia and South korea in 1997 before spreading to other counties leading to a fall in value of the currencies ,and fall in stock market and assets prices as the exchange rate continued to nosedive.

It was sparked up by the inappropriate borrowing by the private sector in the previous years

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What is the first step to making sure that the product ends up in the correct spot on the shelf?

Misha Larkins [42]

Answer:

Know where the product belongs

Explanation:

It won't end up in the right spot if you don't know where it goes

4 0

2 years ago

Suppose a life insurance company sells a $290 comma 000 one-year term life insurance policy to a 20-year-old female for $280

Monica [59]

Answer:

The insurance company will gain an expected value $176.66032

Explanation:

The expected value is the gain or loss of an event and is calculated each outcome by its probability.

In our case we have to consider all events as follows;

The probability of dying means the insurance company will have a loss of $290,000 and gain $280 which is the cost of the policy. The probability of this happening=(1-probability of living)=(1-0.999644)=0.000356

The probability of living means the insurance company will gain $280, and the probability of this happening=0.999644

The gain or loss from death=280-290,000=-$289,720

The gain or loss from living=$280

Expected value=(The loss from death×probability of death)+(The gain from living×probability of living)

where;

The loss from death=-$290,000

Probability of death=0.000356

The gain from living=$280

Probability of living=0.999644

replacing;

Expected value=(-290,000×0.000356)+(280×0.999644)

Expected value=(-103.24+279.90032)

Expected value=$176.66032

The insurance company will gain an expected value $176.66032

4 0

2 years ago

On January 2, 2016, Alpha Corporation procured new equipment with an issue of 5,000 shares of $4.00 par value common stock. The

ruslelena [56]

Answer:

The answer is

2 January

Dr: Equipment $48,750

Cr: ordinary shares $20,000

Cr: Paid in capital in excess

of par - ordinary shares $28,750

Explanation:

Cost of the equipment is:

5,000 shares x $9.75 per share

=$48,750.

Common stock (equity) is:

5,000 shares x $4.00 face value

=$20,000

Paid in capital in far more than par - ordinary shares is:

$48,750 - $20,000

=$28,750

2 January

Dr: Equipment $48,750

Cr: ordinary shares $20,000

Cr: Paid in capital in excess

of par - ordinary shares $28,750

8 0

3 years ago

Your friend wants to open a clothing shop. A necessary capital resource is a (5 points)

jok3333 [9.3K]

A necessary capital resource is a A place to open the shop. And license to conduct business is also important.

6 0

3 years ago

The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct l

vlada-n [284]

Answer:

Results are below.

Explanation:

Giving the following information:

The company has a ball that sells for $25.

Unitary variable cost= $15.00

Fixed expenses 263,000

To calculate the contribution margin ratio, we need to use the following formula:

Contribution margin ratio= contribution margin / selling price

Contribution margin ratio= (25 - 15) / 25

Contribution margin ratio= 0.4

Now, the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 263,000 / 10

Break-even point in units= 26,300 units

Degree of operating leverage= contribution margin / operating income

Degree of operating leverage= 360,000 / 97,000

Degree of operating leverage= 3.71

If the unitary variable cost increases by $3:

Contribution margin ratio= (25 - 18) / 25

Contribution margin ratio= 0.28

Break-even point in units= 263,000 / 8

Break-even point in units= 32,875

8 0

3 years ago