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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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cupoosta [38]

Answer:

Journal entry to record the Sale of Patent

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Credit : Profit and Loss $630,000

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Explanation:

During a sale transaction the entity recognizes 1. The Cash Proceeds resulting from the sale, 2. The Profit or loss resulting from the sale, 3.The entity derecognizes the Cost or Book Value of the Asset as well as the Accumulated depreciation.

A profit of $630,000 has been earned as a result of the sale of the Patent, whereas a loss of $75,000 has been incurred as a result of sale of Equipment.

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2 years ago

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kati45 [8]

Answer:

b. mortgage backed securities diversify credit risk for the investor.

Explanation:

An investor, such as a bank, may prefer to invest in securities backed by a pool of mortgages purchased in the secondary market rather than in an equal dollar amount of mortgage loans because <u>mortgage backed securities diversify credit risk for the investor.</u>

In Mortgage Backed Securities, credit risk is diversified as there are many borrowers and investors between whom credit risk diversifies. So that makes investor such as bank prefer the option.

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2 years ago

Providing and seeking support from others during times of stress best illustrates

emmainna [20.7K]

Answer:

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Explanation:

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3 years ago

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False? I don’t know on these I just guess lol

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3 years ago

Which best describes the future growth potential of the Marketing, Sales, and Service career cluster?

Eva8 [605]

<h2>Answer</h2>

Growth is expected to grow much more quickly than average.

<h3>Explanation</h3>

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3 years ago

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