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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:

The rate of exchange for the £ is US$ 4

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

Rate of exchange = 4 US$ per £

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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Mikey initially invested $2,400 in a company and has held this investment for 3 years. He sold the investment after 3 years for

Tanzania [10]

Answer:

499.80

Explanation:

There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.

Mikey's long term capital gain = $4,950 - $2,400 = $2,550

if he paid regular income taxes = $2,550 x 39.6% = $1,009.80

since he pays capital gains taxes = $2,550 x 20% = $510

That means he saves $1,009.80 - $510 = 499.80

3 0

3 years ago

Assume the price of gasoline doubles tonight and remains at that price the next two years. The price elasticity of demand for ga

enyata [817]

Answer:

The correct answer is letter "D": more inelastic.

Explanation:

When its price changes, the supply, and demand for an inelastic good or service are not dramatically impacted. Whether the price of an inelastic product goes up or down, the buying habits of consumers remain roughly the same. Prescription drugs, food, clothing, and gasoline are common examples of inelastic goods.

Thus, if the price of gasoline doubles tonight, that price would be considered more inelastic tomorrow compared to the current price until today than comparing the doubled price during the course of the upcoming two years.

6 0

3 years ago

Monique and zhong worked at the same company for five years without knowing much about each other. one day, at a company party,

Irina-Kira [14]

The answer to the question relates to the concept of primary and secondary group. Primary group is a small social group where members share personal relationships that are generally enduring while secondary groups are large groups where relationships are temporary, impersonal, and goal-oriented.

The relationship between Monique and Zhong start off as members of a secondary group, which is their company. When they met in a company party and eventually dated each other, they become members of a primary group, which is a couple.

3 0

3 years ago

You recently purchased a stock that is expected to earn 22 percent in a booming economy, 11 percent in a normal economy, and los

UkoKoshka [18]

Answer:

Return on stock will be 12.65%

So option (c) will be the correct option

Explanation:

We have given expected return in booming economy = 22 %

Expected return in normal economy = 11 %

Expected return in recessionary economy = 4%

Probability of boom = 24% = 0.24

probability of normal economy = 67%=0.67

Probability of recession = 9 % =0.09

So Expected return on stock = (Return in boom economy x Probability of boom economy) + (Return in normal economy x Probability of normal economy) +(Return in recessionary economy x Probability of recessionary economy)

Expected return on stock = (0.22 x 0.24) + (0.11 x 0.67) + (-0.04 x 0.09)

= 0.0528 + 0.0737 = 0.1265 = 12.6%

So option (c) will be the correct option

3 0

3 years ago

What is an action that will not help you activate your network?

neonofarm [45]

Answer:

Help a friend finish her college application

Explanation:

All these actions will help me activate my network :-

Ask for an informational interview at your favorite company
Get coffee with an alumnus from your high school
Read a detailed book about your dream job

Except :-

Help a friend finish her college application

8 0

3 years ago