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
WINSTONCH [101]
3 years ago
6

Based on this graph, why are there upper and lower limits for the $?

Business
1 answer:
REY [17]3 years ago
8 0

This graph is indicating a fixed exchange rate that prevents the foreign exchange rate from moving outside of the upper and lower limits.

Answer: Option D.

<u>Explanation:</u>

A fixed exchange rate, now and again called a pegged exchange rate, is a kind of swapping scale system in which a cash's worth is fixed or pegged by a money related authority against the estimation of another money, a container of different monetary forms, or another proportion of significant worth, for example, gold.

In this case, the exchange rate is fixed because the limits are fixed in this case.

You might be interested in
What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected
Alex
<span>Federal Trade Commission were formed for those very purpose. 

</span><span>Federal Trade Commission is an independent agency that established in united states. The purpose of this organization is to ensure customer protection from dishonest practices and eliminate various illegal business strategies to create a fairer competitive environment.</span>

5 0
3 years ago
Read 2 more answers
If you were applying for an upper-level management job at Pizza Hut in the Public Relations and Social Media department, working
garik1379 [7]

Answer: Honesty , relationship building skill and social media savvy

Explanation: other important competence requirements include; knowledge and research, multi tasking,attention to details, adaptation to change, strategic thinking, writing well, presentation skill and international mind set.

This above mention skills and requirements are important in considering a candidate for a public relationship and social media officer for Pizza Hut working under Chris Fuller.

4 0
2 years ago
On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The l
Elena-2011 [213]

Answer: Please see answers in explanation ncolumn

Explanation:

Journal entry for Trico Technologies

1) To record issuance of notes

Date             General Journal        Debit          Credit

Aug 1st 2021    Cash                 $19,700,000  

                           Notes Payable                           $19,700,000

Adjustment for Interest

= Principal x rate x time ( from August to December 31st)

$19,700,000 X 9% X 5/12=$738,750

To record accrual of interest at Year end.

Date             General Journal        Debit           Credit  

Dec 31st,2021   Interest expense $738,750

Interest payable                                                           $738,750

3. Record Payment of Note at maturity

Date             General Journal        Debit           Credit  

Jan 31st,2022     Notes payable      $19,700,000

Interest Expense   $147,750

Interest payable                                  $738,750

Cash $20,586,500

Interest Expense  =Principal x rate x time ( the remaining one month

$19,700,000 X 9% X 1/12=$147,750

8 0
2 years ago
Arn.hawkeslearning.com/portal/test/testtaketesti 00:28:59 question 23 of 29 step 1 of 2 mary ann has recently inherited $5100. w
Irina18 [472]

Mary Ann will prefer Account 1

The use of "Compounding interest rate," which involves adding interest to the deposit's principal amount, is the main topic of discussion here.

Mary Ann's balance from account 2 over 3.7 years is $6,261.37

The below calculation is to derive maturity and value when an annual rate of 5.5% is applied.

Principal = $5,100

Annual rate = 5.5% semi-annually for 1 years

A = P(1+r/m)^n*t where n=1, t=2

A = 5,400*(1 + 0.031/2)^1*2

A = 5,400*(1.0155)^2

A = 5,400*1.03124025

A = 5568.69735

A = $5,568.70.

In conclusion, the accrued value she will get years one year for this account is $5,568.70,

When the amount compounds continuously at a rate of 3.4% per year, the maturity value is determined by the calculation below.

Principal = $5,400

Annual rate = 3.4% continuously

A = P.e^rt where n=1

A = 5,400 * e^(0.04*1)

A = 5,400 * 1.04081077419

A = 5620.378180626

A = $5,620.39.

In conclusion, the accrued value she will greater one year for this account is $5,620.39.

Referring to how much would Mary Ann's balance be from Account 2 over 3.7 years. It is calculated as follows:

Annual rate = 3.4% continuously

A = P.e^rt where n=3.7

A = 5,400 * e^(0.04*3.7)

A = 5,400 * e^0.148

A = 5,400 * 1.15951289636

A = 6261.369640344

A = $6,261.37

Therefore, the accrued value she will get after 3.7 years for this account is $6,261.37

Learn more about the Annual rate here

brainly.com/question/14170671

#SPJ4

3 0
2 years ago
The Maroon &amp; Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the mem
SashulF [63]

Answer:

c. $180 in 2019

Explanation:

The company uses the accrual method of accounting. Under the method, revenues are reported on the income statement when they are earned, regardless of when the money is actually received or paid.

On July 1, 2017, the company sold a one-year membership and a two-year membership. In 2017, The Maroon & Orange Gym, Inc. has provided service for 6 months of each contracts.

Gross income of one-year membership in 2017 = $40 x 6 = $240

Gross income of one-year membership in 2017 = $30 x 6 = $180

Total income = $240 + $180 = $420

In 2018, the company continued to provide service for 6 months remaining of one-year membership and 12 months remaining of two-year membership.

Gross income of one-year membership in 2018 = $40 x 6 = $240

Gross income of one-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company completed providing service for 6 months remaining of two-year membership.

Gross income in 2019 = $30 x 6= $180

4 0
2 years ago
Other questions:
  • Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buy
    9·1 answer
  • Two products, QI and VH, emerge from a joint process. Product QI has been allocated $28,300 of the total joint costs of $49,000.
    9·1 answer
  • The accounts receivable turnover is computed as __________ divided by __________.sales; accounts receivablesales; average accoun
    14·1 answer
  • Under a capitalistic system, decisions such as what goods and services to produce, what to charge, and how much to import or exp
    11·1 answer
  • Richards Corporation uses the weighted-average method of process costing. The following information is available for October in
    13·1 answer
  • Organizations with low turnover and satisfied employees tend to perform better. On the other side of the coin, organizations hav
    14·1 answer
  • In a perfectly competitive market: Group of answer choices every seller tries to distinguish itself by offering a better product
    13·1 answer
  • explain the social and psychological factors that influence the buying patterns of customers in business
    8·1 answer
  • MARKING BRAINLIEST IF RIGHT! NO ABSURD ANSWERS!
    15·2 answers
  • Alonso paid for repairs on his car, and 3 5 of the bill was for labor costs. How much was the total bill if the cost of the labo
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!