Answer:
¥192/€1.00
Explanation:
In order to determine the cross rate, we need a formula such that the dollar sign in one exchange rate cancels the other dollar sign in the second exchange such that we are left with both Yen and the Euro as shown by the formula below:
S(€/¥) = S($/¥) / S($/€)
S($/¥) =$1/¥120
S($/€)=$1.60/ €1.00
S(€/¥) =($1/¥120)/($1.60/ €1.00)
if we change the division to multiplication we would have the below
S(€/¥) =$1/¥120*€1.00/$1.60
S(€/¥) =€0.005208333
This means that €0.005208333
=1¥
1¥/ €0.005208333=¥192
A country would have a comparative advantage to produce a good if the cost of producing this good, even if it produces efficiently, is higher than that of other countries.
Explanation:
The Competitive Vantage Principle explains how an individual produces more commodities and uses fewer goods with a comparative advantage under freer trade.
For example, the comparative advantage of oil-producing countries in chemical products. Compared to countries that are not there, the local manufactured oil is a cheap source of chemicals.
It can produce products with fewer resources, which offers countries a comparative advantage at lower incentive costs. The PPF's gradient reflects the cost of output capacity. Improving one good's production means producing less of one.
If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
<h3> What is an accrued expense?</h3>
Accrued expenses are expenses that are recorded as account payable under the current liabilities section and it is recorded as an expense in the income statement of a company or individual balance sheet.
Example of accrual accounts is accounts payable and receivable, and future interest expense.
Therefore, If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
Learn more on accrued expenses from
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It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.
<h3>What is the benefit of retirement account?</h3>
It should be noted that employee contribution can help in reducing taxable income.
Contributions and investment gains won't be taxed until they're distributed.
Therefore, the benefit of contributing to a retirement account is the amount of income that's taxable is reduced.
Learn more about retirement on:
brainly.com/question/25707827
Answer:
The correct answer is letter "B": That no other person was involved in the fraud in question.
Explanation:
In admission-seeking interviews, a professional interviews an individual that is alleged of being part of a fraud. It is vital for the interviewer to have knowledge on the facts that led to the fraud and beginning from there to have a well-thought series of questions that may allow to confirm if the individual is guilty or not. Before the interview, it is not so important to know if another person was involved in the fraud because that is something the professional might find out during the interrogation.
