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ANTONII [103]
3 years ago
8

In 2010, $1.00 U.S. bought 8.24 Chinese yuan and in 2012 it bought 6.64 Chinese yuan. How many U.S. dollars could 1 Chinese yuan

purchase in 2010 and 2012?
a.2010: .12 U.S. dollars; 2012: .15 U.S. dollars
b.2010: 1.2 U.S. dollars; 2012: 1.5 U.S. dollars
c.2010: .82 U.S. dollars; 2012: .66 U.S. dollars
d.2010: .15 U.S. dollars; 2012: .11 U.S. dollars
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

A.2010: .12 U.S. dollars; 2012: .15 U.S. dollars

Explanation:

Given that

In 2010

$1 bought 8.24 yuan

In 2012

$1 bought 6.64 yuan

Therefore

In 2010

1 Chinese yuan will buy (1 dollar × 1 Chinese yuan) ÷ 8.24 chinese yuan

= 1 ÷ 8.24

= 0.12 dollars

Also,

In 2012

1 Chinese yuan will buy (1 dollar × 1 Chinese yuan) ÷ 6.64 chinese yuan

= 1 ÷ 6.64

= 0.15 dollars

Note, conversion rates shows how much of one currency can be used to buy 1 of another currency. In this case, the comparison is between Chinese yuan and US dollars. It showed how how much Chinese yuan could be used in purchasing US dollar and vice versa.

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Trent Co. reports the following information: Net cash provided by operating activities $430,000 Average current liabilities 300,
Akimi4 [234]

Answer:

$90,000

Explanation:

Data provided in the question:

Net cash provided by operating activities = $430,000

Average current liabilities = $300,000

Average long-term liabilities = $200,000

Dividends paid = $120,000

Capital expenditures = $220,000

Purchase of treasury stock = $22,000

Payments of debt = $70,000

Now,

Trent's Free cash flow

= Net cash provided by operating activities - Capital expenditures - Dividends paid

= $430,000 - $220,000 - $120,000

= $90,000

3 0
3 years ago
Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
kotegsom [21]
Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185

To determine the total assets, we only have to consider the following:
</span>cash                                         7,530 
accounts receivable                 2,100 
prepaid expenses                       700 
equipment                              13,700 
<span>accumulated depreciation   <u>    (1,100) </u>
</span>Total assets:                         22,930    CHOICE D.

NET INCOME: 
fees earned                                9,250 
<span>wages expense                         (2,500) </span>
<span>rent expense                             (1,960) </span>
<span>utilities expense                           (775) </span>
<span>depreciation expense                   (250) </span>
<span>miscellaneous expense         <u>       (185)</u>
</span><span>Net Income                                  3,580

LIABILITIES AND S.H.E
</span>accounts payable                        1,900 
<span>notes payable                              4,300 </span>
<span>common stock                             1,000 </span>
<span>retained earnings                       12,940 </span>
<span>dividends                                      (790) 
</span>Net Income                              <u>     3,580</u>
TOTAL LIABILITIES & SHE      22,930
4 0
3 years ago
Brown Corp., a calendar-year taxpayer, was organized and actively began operations on July 1, 2013, and incurred the following c
PolarNik [594]

Answer:

The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )

Explanation:

First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.

In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.

So $45,000 - $5000 = $40,000

$40000 / 180 = $222.22

Now multiplying this by 6 months as the operations of company began on 1 July , 2013,

$222.22 x 6 = $1333.32

Now adding this amount to $5000 will give us the total amortized organizational expense,

$5000 + $1333.32 = $6,333.32

= $6,333 ( approximately )

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3 years ago
Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
Nitella [24]

Answer:

video game

Explanation:

because I don't go outside, I'm a gamer

5 0
2 years ago
A small consulting company in Waikiki, Hawaii struggles financially because of limited access to economic resources. This compan
Leviafan [203]

Answer:

relationship era.

Explanation:

The consulting company in Waikiki uses technology to built emotional bond with its customers. This determines that the company is using concept of relationship era. Companies believing in Relationship marketing era focus on creating long term relationship with its existing and prospective customers. The business wants to create an emotional relation with its customers so that they remain loyal to the business.

7 0
3 years ago
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