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ludmilkaskok [199]

3 years ago

7

On a backpacking trip through Europe, Troy spent 20 Swiss francs to stay one night in a youth hostel. If the foreign exchange ra

te between the U.S. dollar and the Swiss franc is 1:2.2, how much did Troy spend in U.S. dollars?

1 answer:

GREYUIT [131]3 years ago

3 0

He spent 9.09 american dollars.

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A. : Anything that serves as a medium of exchange.

adelina 88 [10]

It’s money I’m pretty sure

8 0

3 years ago

During the current year, Elk Company incurred the following direct labor costs: January $40,000 and February $60,000. Elk uses a

Rom4ik [11]

Answer:

January Overheads are <u>under-applied</u> by $2,000.

Explanation:

When,

Actual overheads > Applied overheads we say overheads are under-applied.

Actual overheads < Applied overheads we say overheads are over-applied.

Where,

Applied overheads = Predetermined overhead rate × Actual Activity

Therefore,

Applied overheads (January) = 120% × $40,000

= $48,000

Actual overheads (January) = $50,000.

Conclusion

It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.

Amount of under-applied overheads = $50,000 - $48,000

= $2,000

5 0

3 years ago

After reading the paragraph below, answer the question that follows. Americans spend up to $100 billion annually for bottled wat

saul85 [17]

141 gallons of bottles of water

6 0

3 years ago

Some experts believe that 15% of all freshwater fish in a country have such high levels of mercury that they are dangerous to e

djverab [1.8K]

Duhhhhhhhh indont know I’m a middle school

3 0

3 years ago

Judy's Boutique just paid an annual dividend of $3.73 on its common stock. The firm increases its dividend by 3.40 percent annua

Talja [164]

Answer:

cost of equity = 12.16 %

Explanation:

given data

annual dividend of $3.73

increases dividend = 3.40 percent annually

stock price = $43.96 per share

to find out

What is the company's cost of equity

solution

we will use here Gordon model for compute company's cost of equity that is

market value = $\frac{dividend* ( 1+growth\ rate)}{cost\ of\ equity - Growth\ rate}$ ........................1

put here value we get

43.96 = $\frac{3.73* ( 1+0.034)}{cost\ of\ equity - 0.034}$

solve it we get

cost of equity = 0.121735

cost of equity = 12.16 %

8 0

3 years ago