What type of supporting schedule is designed to show detailed tests performed, does nottie into the general ledger, but must sta
1 answer:
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Answer:
The overview of the given situation is described in the explanation section below.
Explanation:
(1)...
The actual exchange rate from either the viewpoint of U.S:
= 0.867
<u>Working:</u>
As per the British automobiles cost will be:
= £20,000 x $1.50/£ or $30,000
And the US car's cost compares to either the Uk car will be:
=
=
It demonstrates that the US car seems to be cheaper or affordable.
(2)...
From either the Uk view the actual exchange rate will be:
= 1.154
<u>Working: </u>
US automobile worth in pounds is equivalent to,
=
= £17,333.
The Uk vehicle's price compared to the US car currently amounts to,
=
=
(3)...
Cars or Automobiles are competitively priced in the US.
<u>Explanation:</u>
British vehicle exceeds,
=
= compared to the U.S car.
It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.