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WITCHER [35]
3 years ago
10

Cnooc, a Chinese public-sector company, has made a bid to purchase Canada’s Nexen, a big oil company, for C$ 15.1 billion in Jun

e 2012. Treat this as an initial investment made by Cnooc in this two-year, Canadian project. If it has purchased Nexen in September 2012, how many Yuan does Cnooc save on its initial investment because of the change in the CNY to CAD exchange rate from 6.3698 Yuan/C$ in June 2012 to 6.3465 Yuan/C$ in September, 2012?
Business
1 answer:
Phoenix [80]3 years ago
3 0

Answer:

351,830,000 Yuan

Explanation:

Investment value = C$ 15.1 billion

Value in Yuan in June 2012 =   C$ 15.1 billion x  6.3698 Yuan/C$

Value in Yuan in September 2012 =   C$ 15.1 billion x  6.3465 Yuan/C$

The difference in Yuan if Cnooc has purchased Nexen in September instead of June is:

D= 15,100,000,000*(6.3698 - 6.3465)\\D= 351,830,000 \ Yuan

Cnocc saves 351,830,000 Yuan

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Both supply and demand concepts rest on the relationship between quantity supplied or demanded.
Rashid [163]

Answer:

False

Explanation:

Both supply and demand concepts rest on the relationship between price and quantity.

Quantity demanded increase when price falls and falls when price increases.

Quantity supplied increases when price increases and falls when price falls.

The demand and supply curve are plotted with price on the y axis and quantity on the x axis.

I hope my answer helps you

7 0
4 years ago
Which of the following scenarios would indicate that a nation's economy is entering the recovery phase of the business cycle?
tensa zangetsu [6.8K]

After sales figures increase for several months, economic data indicates that retailers are hiring new workers to satisfy increased demand.

All of the other options would show concerning economic signs, not signs of recovery. Recovery happens when there is an upturn in the economy, more hiring and better sales.

3 0
3 years ago
Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in
Reika [66]
<span>This fundamental rethinking and radical redesign of business to achieve major improvements in outputs is called as business process re-engineering. The process access and analyses the flow of work and other procedures that are carried in the business and make the necessary changes to the business plan.</span>
5 0
3 years ago
1. David has a monthly net income of $1,360. His fixed monthly expenses consist of a rent
zalisa [80]

Answer:

The largest monthly payment he can afford for the T.V set in order to be kept within a safe load of 20% is $156

Explanation:

Before we calculate, let us extract the key information from this question:-

*** David's monthly net income is $1,360

*** David pays a monthly rent of $450

*** He is paying off a student loan which costs him $116 per month.

*** He intends purchasing a new T.v set

*** We are simply required to determine the largest monthly payment that David can afford for the T.v set in order for him to be kept within a safe load of 20%.

In order to calculate the largest monthly payment that he can afford for the T.v set so as to be kept within a safe load of 20%, we will need to determine the actual amount that is twenty percent of his net income. If his net income is $1,360 then twenty percent of it is:

20/100 × 1360

= 27200/100

= $272

All we need to do now to find the largest monthly payment he can afford for the TV set is to subtract the student loan that he is paying off monthly ($116) from twenty percent of his net income ($272). That is:-

$272 - $116 = $156

Therefore the largest monthly payment that David can afford for the television set in order for his credit card payments and student loan to keep him within a safe debt load of 20% is $156.

6 0
3 years ago
Read 2 more answers
Item11 2 points Time Remaining 1 hour 57 minutes 8 seconds01:57:08 Item 11 Time Remaining 1 hour 57 minutes 8 seconds01:57:08 An
Zanzabum

Answer: Bonds do not affect owner control.

Explanation:

Bonds are simply refered to as the units of corporate debts which are being issued by companies. It is a fixed income instrument and its advantage is that the bonds do not affect owner control.

Bonds can also bring about a rise in the return on equity. Therefore, the correct option is A.

3 0
3 years ago
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