1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Match the term with its beliefs about the millenium.
xenn [34]

Answer:

a is premillenialism

b is postmillenialism

c is amillenialism

Explanation:

for a, the answer to this question is premillinialism. this is the belief that Jesus is going to come back to this earth phsyically. It can aslo be referred to as the second coming of Jesus christ. And he would come before the millenium

8 0
3 years ago
How does the payment of rent for equipment affect the accounting equation? assets increase; assets decrease assets decrease; sto
djverab [1.8K]
The answer to this question is <span>assets decrease; stockholders' equity decreases 

The journal for this transaction would be

Debit:  Rent expense       xxxxx
Credit:         Cash                                xxxx
 
 Since cash is considered an asset, it will decrease asset if it placed on credit.
 Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit     </span>
6 0
3 years ago
Read 2 more answers
Deb and Rusty know that buying a house will save them money on taxes because they get to deduct the interest they pay to the ban
Margarita [4]

Answer:

Their income after 20 years would be 72,550 dollars.

Explanation:

The income after 20 years can easily de determin by using compounding

formula

Future Value = Present Value (1 + I)^ 20

                      = 90,000 (1 + 0.03)^ 20

                      = 162,550 dollars

Income can be determing by subtracting Pv from Fv i.e

Income = 162,550 - 90,000 = 72,550

Calculation on excel sheet

       A                        B                  C                         D                

1     90,000             1.03            = A1 * 1.03        = C1-A1        

2      = D1                  1.03           = A2 * 1.03       = C2-A2

20    = D19               1.03           = A20 * 1.03      = A20 - C20

* In work sheet colunm D will show income on investment.

4 0
3 years ago
Describe the overall purpose of management
NNADVOKAT [17]

Management is the big-picture process of making business run smoothly through effective planning, organizing, staffing, training, leading, and controlling the company.

8 0
3 years ago
Seybert Systems accounts for its investment in Wang Engineering bonds as available-for-sale. Seybert's balance in accumulated ot
MaRussiya [10]

Answer:

Seybert purchased the Wang investment for $173,000

Explanation:

Since there is a credit balance. It means the stock is increased in value by $27,000. So that the stock was purchased at $173,000 ($200,000-$27,000).

3 0
3 years ago
Other questions:
  • Nadell Corporation reported the following data for the month of AprilInventory Beginning Ending Raw Materials $30,000 $32,000 Wo
    15·1 answer
  • For a large sporting event the broadcasters sold 66 ad slots for a total revenue of ​$170 million. what was the mean price per a
    10·1 answer
  • Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
    11·1 answer
  • On October 1, Eder Fabrication borrowed $55 million and issued a nine-month, 13% promissory note. Interest was payable at maturi
    11·1 answer
  • Refrigerant ____ is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
    11·1 answer
  • Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. what’s
    11·2 answers
  • Jason Graham's startup, which is in the electronics industry, was launched on January 1, 2009. However, prior to its formal laun
    5·2 answers
  • An account manager with _____ has the ability to create statements for a budget, compare the budget to the actual income stateme
    12·1 answer
  • The entity that collects economic data at a regional level is the:___________
    14·1 answer
  • Explain six Differences between private and public company​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!