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
alexdok [17]
3 years ago
6

Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4

.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was: A. always changing because the price of gold was always changing B. £4.8665/$ C. unknown because there is not enough information to answer this question D. £0.2055/$
Business
1 answer:
Elena-2011 [213]3 years ago
8 0

Answer:

The answer is £0.2055/$

Explanation:

Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.

In US, an ounce of gold = $20.67

In british, it costs £4.2474

Therefore, exchange rate of pounds per dollar =

£4.2474/$20.67

=£0.2055/$

You might be interested in
A severe freeze has damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shift of
EastWind [94]

Group of answer choices.

A. the supply curve, resulting in a lower equilibrium price.

B. the supply curve, resulting in a higher equilibrium price.

C. the demand curve, as consumers try to economize because of the shortage.

D. the demand curve, resulting in a price ceiling in the market.

Answer:

B. the supply curve, resulting in a higher equilibrium price.

Explanation:

In this scenario, a severe freeze has damaged the Florida orange crop. Thus, the impact on the market for orange juice will be a leftward shift of the supply curve, resulting in a higher equilibrium price.

An equilibrium price can be defined as the price at which the quantity of goods demanded is equal to the quantity of goods supplied.

Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

7 0
3 years ago
Which of the following types of funding for college requires repayment?
jek_recluse [69]

Answer: Loan

Explanation:

3 0
2 years ago
Read 2 more answers
Fern Co. has net income, before taxes, of $200,000, including $20,000 interest revenue from municipal bonds and $10,000 paid for
exis [7]

Answer:

Effective tax rate =28.50 %

Explanation:

given data

Net Income before taxes = $2,00,000  

Interest revenue = $20,000  

Life insurance Premium = $10,000

tax rate = 30%

to find out

Fern's effective tax rate

solution

first we get here Taxable Income that is express as

Taxable Income = Net Income before taxes + Life insurance Premium - Interest revenue   ........................1

put here value we get

Taxable Income = $2,00,000 + $10,000 - $20,000

Taxable Income = $190000

so

Income tax Liability will be

Income tax Liability = Taxable Income × Tax rate  .....................2

Income tax Liability = $190000  × 30%

so Effective tax rate will be

Effective tax rate = \frac{Income\ tax\ Liability}{Net\ Income}

Effective tax rate = \frac{57000}{200000}

Effective tax rate =28.50 %

3 0
2 years ago
Elegance Inc. is a large cosmetics company that made an initial small investment in a start-up company, Peace Planet, which was
mr Goodwill [35]

Answer:

B. real-options perspective.

Explanation:

Based on the scenario being described within the question it can be said that this approach to strategic alliance is referred to as a real-options perspective. This perspective refers to the ability of an individual or company to have the freedom to choose between logical financial options in capital investments in order to try and make the best choices and decisions. Which is what Elegance Inc. did when they saw that the company they were supporting was most likely to fail due to their unforeseen problem.

7 0
3 years ago
Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $30000 Var
avanturin [10]

Answer:

Option (c) is correct.

Explanation:

Variable manufacturing costs = $30000

Variable selling and administrative costs = $14000

Fixed manufacturing costs = $160000

Fixed selling and administrative costs = $120000

Investment = $1700000

ROI = 50%

Planned production and sales = 5000 pairs

ROI = Investment Value × ROI Rate

       = $1,700,000 × 50%

       = $850,000

Desired ROI per Pair of Shoes :-

= ROI ÷ Planned production and sales

= $850,000 ÷ 5000  pairs

= $170

3 0
3 years ago
Other questions:
  • John earns $5.75 per hour. He worked 40.0 hours last week. What was the amount of his check?
    15·2 answers
  • Swifty Corporation records purchases at net amounts. On May 5 Swifty purchased merchandise on account, $85000, terms 2/10, n/30.
    7·1 answer
  • Population of the city of Atlantis on March 30, 2003 = 193,000 No. of new active cases of TB occurring between January 1 and Jun
    15·1 answer
  • Which financial statement shows money moving in and out of the company during a period of time?
    11·1 answer
  • Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De
    9·1 answer
  • This is a nationwide program consisting of more than 30 college-level courses and exams offered at participating high schools, i
    13·1 answer
  • If three firms of similar sizes join to form a cartel, then it is most likely thatA) they will charge a common, higher market pr
    6·1 answer
  • At December 31, 2019, Obermeyer Imports reported the following information on its balance sheet.
    8·1 answer
  • Which of the following is necessary to resolve conflict? A. patience with the conflict resolution process B. willingness to enga
    14·2 answers
  • suppose larry's lariats produces 25,000 lassos and sells each for $10. what is the company's total revenue?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!