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marishachu [46]
3 years ago
15

If a market basket of goods cost $100 is the US and 70 euros in France, then the PPP exchange rate would be $.70/euro.A. TrueB.

False
Business
1 answer:
blagie [28]3 years ago
6 0

Answer:

False

Explanation:

Given that,

Market basket of goods cost in United states = $100

Market basket of goods cost in France = 70 euros

Purchasing power parity is calculated as follows:

= (Cost of basket of goods in Euros) ÷ (Cost of same basket of goods in dollars)

= 70 ÷ 100

= 0.7 euro per dollar

Therefore, the statement is false.

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Answer:

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Explanation:

(a)

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Credit Allowance for Doubtful Accounts 9,350

[19,350 - 10,000]

(b)

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Credit Accounts Receivable 1,000

6 0
3 years ago
Regardless of whether a tax is levied on sellers or buyers, taxes encourage market activity.
jeyben [28]
The answer is true because activity is important and shouldn't be discouraged.
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6 0
2 years ago
The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
Sergeu [11.5K]

Answer:

$21,000

Explanation:

The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,

30*50 = 1500.

Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:

30*50*14 = 21000.

Hope this Helps.

Goodluck.

6 0
3 years ago
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e
aleksley [76]

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

5 0
3 years ago
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