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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?
Business
1 answer:
GREYUIT [131]3 years ago
3 0
He spent 9.09 american dollars.

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Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
jek_recluse [69]

Answer:

Product 1  - $36

Product 2 -  $ 96  

Product 3  -  $66

Explanation:

The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.

These costs includes cost of purchase, freight, Insurance cost during transit etc.  

Subsequently, inventory is to be carried at the lower of cost or net realizable value.

The NRV is the Selling price less the cost to sell.

Given

                             Product 1       Product 2        Product 3

Cost                            $36              $ 106              $ 66

Selling price               $ 88              $ 168             $ 118

Costs to sell                $ 9                $ 72              $ 26

NRV                             $ 79               $ 96              $ 92

6 0
3 years ago
Bette and Jamal are partners at a management consulting firm.
kodGreya [7K]

Answer:

Jamal

Explanation:

Given that

Number of required slides = 50 slides

Creating slides Per hour = 15 slides

Bill amount per hour = $750

So by considering the above information, Bette's opportunity cost of creating slides would be

= Bill amount per hour ÷ creating slides per hour

= $750 ÷ 15 per hour

= $50

For making 50 slides, the opportunity cost would be

= $50 × 50 slides

= $2,500

And, Jamal opportunity cost is 30% lower, so it would be  

= $50 - $50 × 30%

= $50 - $15

= $35

And, the billing rate is 25% higher, so it would be

= $750 + $750 × 25%

= $750 + $187.50

= $937.50

So in one hour, it would be

= $937.50 ÷ 35 slides

= 26 slides

Based on the creating slides, the Jamal gains a competitive advantage over Bette

4 0
2 years ago
Cash dividends paid on capital stock would be reported in the statement of cash flows in a.the Cash flows from investing activit
Basile [38]

Answer: The answer is c.the Cash flows from financing activities section

Explanation: Cash flows from financing activities section of the statement of cash flows provides an insight on how the company is funded. It shows the net cash flows used in funding the company. Transactions that appear under that section comprise debt, equity and dividends.

Investors analyze this section of the cash flows to know how the capital structure of an organization is managed to further understand the financial strength of the organization.

3 0
3 years ago
Is it customary for a feeder fund to be able to keep all client fees
Karo-lina-s [1.5K]

Answer:

It is customary for a feeder fund to keep all client fees

Explanation:

3 0
3 years ago
Whistle Corp. has a preferred stock that pays a dividend of​ $2.40. If you are willing to purchase the stock at​ $11, what is yo
kiruha [24]

Answer:

B. 21.8%

Explanation:

Cost of preference capital = \frac{dividend}{price}\times100

No adjustment of growth rate is done as the dividend on preference capital is constant and do not grow in normal conditions, that is it only differs in exceptional conditions.

therefore, in the given instance we have,

Dividend = $2.40

Current price = $11

Expected Return = \frac{2.40}{11.00} \times 100 = 21.8%

Thus correct option is

B. 21.8%

6 0
3 years ago
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