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3 years ago

If a U.S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be

Business

1 answer:

Natalka [10]3 years ago

5 0

Answer:

<u>The rate of exchange for the £ is US$ 4</u>

Explanation:

1. Let's check the information provided to answer the question correctly:

Amount the U.S. citizen want to buy in £ = 25,000

Amount the U.S. citizen will pay in US$ = 100,000

2. Let's calculate the rate of exchange for the British pound £, this way:

Rate of exchange = Amount in US$/Amount in £

Rate of exchange = 100,000/25,000

<u>Rate of exchange = 4 US$ per £</u>

We can also express the rate for the US$, this way:

Rate of exchange = Amount in £/Amount in US$

Rate of exchange =25,000/100,000

Rate of exchange = £ 0.25 per US$

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Shamrock Corp. has a deferred tax asset account with a balance of $76,000 at the end of 2019 due to a single cumulative temporar

gavmur [86]

Answer:

a. Debit Credit

deferred income taxes $5,400

Income tax expense $155,600

Income tax payable $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

Explanation:

a. In order to record the income tax expense, deferred income taxes, and income taxes payable for 2017 we would have to make the following calculations as follows:

deferred income taxes=($407,000×20%)-$76,000

deferred income taxes=$5,400

Income tax payable=$805,000×20%

Income tax payable=$161,000

Income tax expense=$161,000-$5,400

Income tax expense=$155,600

Therefore, the record of income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that the deferred tax asset will be realized in full would be as follows:

Debit Credit

deferred income taxes $5,400

Income tax expense $155,600

Income tax payable $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

6 0

3 years ago

3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for

svp [43]

The agency's position is that Bob had already signed a contract, and that the contract included a placement fee due to the fact that Bob was able to find this job through the agency. On the other hand, the position that Bob would most likely argue is that he is a minor. As a minor, Bob is allowed to disaffirm his contract. Therefore, Bob is likely to win in this dispute.

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3 years ago

Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual inte

Nitella [24]

Answer:

Its dollar profit from speculation over the five-day period will be <u>$208,035.93</u>.

Explanation:

This can be determined as follows:

Assuming Baylor Bank borrow $5,000,000

The borrowing will be converted to New Zealand dollar at the current exchange rate and we will have:

Conversion = $5,000,000 / 0.48 = NZ$10,416,667

The NZ$10,416,667 shall be invested at an annualized based on New Zealand lending rate of 6.75% over five days. This will produce future value (FV) as follows:

FV of investment = Amount invested * (1 + NZ lending rate)^(5 years / 360 days) = NZ$10,416,667 * (1 + 6.75%)^(5 / 360) = NZ$10,426,121.44

Converting the NZ$10,426,121.44 to dollar at the new rate of $.50 as follows:

New conversion = NZ$10,426,121.44 * $.05 = $5,213,060.72

Amount to repay based on the US borrowing rate = Amount borrowed in USD * (1 + US borrowing rate)^(5 years / 360 days) = $5,000,000 * (1 + 7.5%)^(5 / 360) = $5,000,000 * 1.00100495826555 = $5,005,024.79

Profit = New conversion - Amount to repay = $5,213,060.72 - $5,005,024.79 = $208,035.93

Therefore, its dollar profit from speculation over the five-day period will be <u>$208,035.93</u>.

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3 years ago

The Instant Pot electric pressure cooker was introduced in 2010 and had a slow start, but word of mouth from social media and in

vagabundo [1.1K]

The stage in the product life cycle of the Instant Pot would be "growth stage".

<h3>Stages in product life cycle:</h3>

There are four stages in the life cycle of a product in the market which are-

Take-off stage or introduction,
Growth stage or shake-out stage,
Maturity stage and
Decline.

The characteristics of Growth stage are-

Increasing sales, customers and profit.
Greater competition from fellow companies. As rival companies release similar products, the competition is frequently strong during the growth period.
The product will move into the growth stage if it maintains its success and continues to satisfy market demands.
Price undercutting in the growth stage is typically uncommon because businesses in this stage can boost revenue by luring in new clients.

The said product can be confirmed to be in the growth stage because it exhibits higher growth in demand by social media marketing. Also, it shows there was a rise in the rival companies Ninja and Crock-pot pressure cookers.

Learn more about product life cycle, here

brainly.com/question/16866268

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1 year ago

Brainly took all of my answers away yesterday, cuz I got blocked! WHAT DO I DO 2 GET ThEM BACK !!?!?!? WILL GIVE BRAINLIEST.

devlian [24]

Answer: did you try logging in if so try to contact brainly by email

Explanation:

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3 years ago