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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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Which of the following statements is correct?

Eddi Din [679]

Answer:

The correct answer is D

Explanation:

Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.

And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.

Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.

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3 years ago

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4 years ago

your food-services company has been named as the sole provider of meals at a small university. the cost and demand schedules are

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Answer:

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Explanation:

Please find the complete question and the solution in the attachment file.

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3 years ago

When economists say that the demand for labor is a derived demand, they mean that it is Group of answer choices dependent on gov

Katen [24]

Answer:

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Explanation:

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3 years ago

Your boss has given you permission to order new office supplies answer

Gre4nikov [31]

Wow! If my boss is this generous, I will first thank him or her. After that, I will make a list of the office supplies I will need to be more productive at work. Note that not all supplies may be granted so don't keep your hopes up. The next thing I'll do is to have him acknowledge the list I made and thank him for giving me this opportunity.

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3 years ago

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