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jekas [21]
3 years ago
5

An​ on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of poun

d129. At the​ time, the nominal exchange rate was pound0.618 ​= $1. How much did the tickets cost in​ dollars?
Business
1 answer:
dusya [7]3 years ago
3 0

Answer:

The tickets cost $208.74

Explanation:

The exchange rate is an indirect quotation from the dollar's perspective if dollar is considered to be the domestic currency.

We know that $1 =  0.618 pound

If the price of the ticked is 129 pounds, to convert it to dollars, we need to divide the pound amount by the exchange rate of dollar to pound.

Thus, 129 pounds in dollar are,

129 / 0.618 = $208.7378 rounded off to $208.74

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Shkiper50 [21]

Answer:

The correct answer is letter "B": ​Increased price elasticity of demand for the DVD player industry because XBOX are substitutes.

Explanation:

Price elasticity of demand reflects the changes in quantity demanded for a good or service as a result of changes in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1) the demand is elastic.<em> It means a minimum change in price has a major impact on the quantity demanded volume. </em>

Thus, <em>if XBOX implements DVD features, DVD players will face an increase in their price elasticity of demand because changing DVD players' prices could change their quantity demanded by far because consumers will prefer purchasing an XBOX which is a substitute.</em>

7 0
3 years ago
what tax software program do you feel would be your best choice today and why do you think it is the best? ​
Fynjy0 [20]

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Turbotax

Explanation:

it's easy to use especially for first timers.

6 0
2 years ago
Frankfort Corporation purchases an investment in Bradley, Inc. at a purchase price of $9.8 million cash, representing 40% (at bo
vazorg [7]

Answer:

B. The amount of equity reported by Frankfort Corporation is $672,000

Explanation:

Equity earnings

= Frankfort's share in net income of Bradley

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Option B

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7 0
3 years ago
Who is primarily responsible for the people who own the company stock?
Gnesinka [82]

Answer:

The people who buy the stock

Explanation:

I'm not sure but that's my best guess considering they bought it and would more than likely have to sign a contract of liability.

3 0
3 years ago
Firms engage in __________ when their intimate knowledge and expertise in one market allows them to offer customized marketing p
blagie [28]

Answer:

The correct answer is letter "C": market specialization.

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After <em>segmenting </em>their market, companies tend to start their phase of market specialization with the information gathered in their research which is helpful to spot what the company's best segment of the market is based on <em>age, gender, </em>and <em>consumer income</em>. With that information, firms can drive their efforts toward producing a good or rendering a service that satisfies the needs of a specific group of them.

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