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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.

You might be interested in
A commercial bank will loan you $7,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The ann
Rashid [163]

Answer:

$353.05

Explanation:

To calculate this, the loan amortization formula is employed as follwow:

P = {A × [r(1 + r)^n]} ÷ {[(1+r)^n]-1} .................................... (1)

Where,

P = Monthly required payment = ?

A = Loan amount = $7,500

r = monthly interest rate = (0.12 ÷ 12) = 0.01

n = number of payment period = 24 months

Substituting all the figures into equation (1), we have:

P = {7,500 × [0.01(1 + 0.01)^24]} ÷ {[(1 + 0.01)^24]-1} = $353.05

Therefore, the amount of monthly payments is $353.05.

5 0
3 years ago
How are credit unions different than banks?
dusya [7]

Answer:

Commercial banks are for-profit and credit unions are not-for-profit.

8 0
3 years ago
For an attributes sampling plan, the tolerable deviation rate is 4%, the computed upper deviation rate is 7%, the sample deviati
GuDViN [60]

Answer: D. The auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate

Explanation: For this scenario, the only true option is that, the auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate.

Attributed sampling states that items being sampled will either or won't possess certain attributes or quantities.

6 0
3 years ago
Which qualities will build an employer’s dependability and reliability on an employee?
Elan Coil [88]

Answer:

Being On Time.

Respects and Meets Deadlines.

Detail Oriented and Takes Initiative. ...

Supports Peers and is Loyal.

7 0
3 years ago
BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to
suter [353]

Answer:

a) For MACHINE A  

Net Present Value (NPV) 7208

Internal Rate of Return (IRR) 11,48%

For MACHINE B      

Net Present Value (NPV) -13468

Internal Rate of Return (IRR) 6,99%

b)BAK Corp should buy MACHINE A

Explanation:

We use excel or a spreadsheet to calculate net present value and the profitability index of each machine. See document attached.

We use a cash flow to solve this problem.

At moment 0 we have the investment cost , in this case Original cost $76,700 $183,000 for Machine A and Machine B . From period 1 to period 8, we have inflows and outflow. (Estimated annual cash inflows $20,200 $40,500  

Estimated annual cash outflows $5,040 $9,870).

Then, we calculate the Net cash flow that is the difference between benefits and cost.

We use all the result (positive and negative) in Net cash flow to get the profitability index, IRR.  

Download xlsx
8 0
3 years ago
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