1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What's the estimated length of a wall that has 31 studs 16 inches on center?
devlian [24]

Answer:

480 inches (40 feet)

Explanation:

Studs are boards placed on walls so as to support the walls. Studs are used in framing the wall and they are vertical.

Studs are usually spaced on walls with wall framing at either 16 inches on center, 19 inches on center or 24 inches on centers.

Given that on center spacing = 16 inches, number of studs = 31

The length of the wall is given by the formula:

number of studs = (length of wall in inches / on center spacing in inches) + 1

Length of wall (inches) = (number of studs - 1) * on center spacing

hence:

Length of wall (inches) = (31 - 1) * 16 inches = 480 inches

Length of wall = 480 inches = 40 feet

8 0
3 years ago
TL Company has expected earnings of $75 in one year if it does well and $25 if it does poorly. The firm has outstanding debt of
Juliette [100K]

Answer:$27.78

Explanation:

Expected value of debt after one year = (40* .60)+(15*.40)

= 24 + 6

=$ 30

Current value of debt = Value at 1year / (1+r)^n

= 30/ (1+.08)^1

= 30 / 1.08

=$ 27.78

3 0
3 years ago
Firms use various methods for identifying customers such as​ ________ and​ ________.
Rashid [163]

Answer:

The correct answer to the following question is option A) .

Explanation:

One way in which firms identify customer is through observational characteristics which can be age, by knowing the average of their target customers , a firm can know whether their target customers would be willing to wait in long lines or not for getting the firms product. As if their target customers mainly consists of old age then those customer won't be willing to wait in long lines to get the product.

3 0
3 years ago
maritime industries is a federal contractor that makes navigation equipment for naval ships. maritime industries rarely focuses
Nesterboy [21]

Maritime industry is said to be rigid, they take few risks, they have structured contracts so the type of culture here would be the hierarchy culture.

There are 4 types of business culture. These are the:

  • Clan culture
  • Adhocracy culture
  • Market culture
  • The hierarchy culture.

The answer here is concerned with the hierarchy culture because this system is traditionally structured. What this means is that they are rigid and have a set way of doing things.

This is what makes them risk averse. It creates room for very little creativity and and they are very slow to making improvements or following changes in the marketplace.

Read more on brainly.com/question/4663564?referrer=searchResults

6 0
3 years ago
On April 1, the company hired an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the com
Shkiper50 [21]

Answer:

<u>Adjusting entries:</u>

April 30, legal fees

Dr Legal fees expense 3,500

    Cr Legal fees payable 3,500

April 30, accrued interest

Dr Interest expense 3,000

    Cr Interest payable 3,000

April 30, wages expense

Dr Wages expense 4,000

    Cr Wages payable 4,000

<u>Subsequent entries:</u>

May 12, legal fees

Dr Legal fees payable 3,500

    Cr Cash 3,500

May 20, paid interest

Dr Interest expense 6,000

Dr Interest payable 3,000

    Cr Cash 9,000

May 3, wages expense

Dr Wages expense 4,000

Dr Wages payable 6,000

    Cr Cash 10,000

4 0
3 years ago
Other questions:
  • An insurance policy with a higher premium most likely has ...
    8·2 answers
  • During 2017 the inflation rate increased slightly but remained in the​ "comfort zone" and the unemployment rate was low. Why mig
    9·1 answer
  • Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling p
    8·1 answer
  • A Statement of Financial Position is a formal statement presenting the three accounting elements which are?
    12·1 answer
  • Level of employment reached when there is no cyclical unemployment.
    7·1 answer
  • Help with question no.19?
    15·1 answer
  • Greg, a project manager in your company, is falling behind on the project schedule. He has elected to crash the project. What is
    7·1 answer
  • Assume that Mahmood Corp. lends Ahmad $10,000 in exchange for a $10,000,
    6·1 answer
  • Credit score is used to determine your financial worth ?
    6·2 answers
  • Suppose that garner had filed his action in an illinois state court. could an illinois state court have exercised personal juris
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!