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LiRa [457]
3 years ago
8

The nominal exchange rate is A. the difference between the interest rate in one country and the interest rate in another country

. B. the price of one country's currency in terms of another's.
Business
1 answer:
Veronika [31]3 years ago
5 0

Answer:

Option (B) is correct.

Explanation:

The nominal exchange rate refers to the rate at which there is a buying and selling of goods and services among the countries. It is the amount of home currency that are needed to purchase a unit of foreign currency.

For example: A resident of India would need 75 Indian rupees to purchase a dollar of United States. Therefore, the nominal exchange rate between the India and the United States is as follows:

1 US dollar = Rs. 75

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Revocation of an offer is valid once it is __________________.
Amiraneli [1.4K]

Revocation of an offer is valid once it is <u>B. received</u> by the offeror (the person making the offer), meaning that it has been communicated to the other party by the offeree.

<h3>What is the revocation of an offer?</h3>

The revocation of an offer is the nullification or canceling of an offer by the offeree.  It becomes effective when the offeree communicates to the offeror before acceptance.

Once the revocation has been communicated, the offer is no longer considered valid and cannot legally be accepted. The implication is that revocation goes into effect immediately it has been communicated to the relevant party.

Thus, revocation of an offer is valid once it is <u>B. received</u> by the offeror.

Learn more about offer revocations at brainly.com/question/26532053

5 0
2 years ago
Read 2 more answers
Item 13 assume markup percentage equals desired profit divided by total costs. what is the correct calculation to determine the
xz_007 [3.2K]

The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.

Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.

Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.

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8 0
2 years ago
Upton Co. is growing quickly. Dividends are expected to grow at 20 percent for the next three years, with the growth rate fallin
nikdorinn [45]

Answer:

$71.03

Explanation:

To find the current share price we need to find the value of future dividends first and then discount it by the given rate of return

DATA

Growth rate = g = 20%

Time period = 3 years

Required return = 11%

Current dividend = Do = $1.45

Share price =?

Solution

Future dividend = Current dividend ( 1 + growth rate)

D1 = (1.45 x 1.20) = $1.74

D2 = (1.74 x 1.20) = $2.088

D3 = (2.088 x 1.20) = $2.5056

Value after year 3 = (D3 x Growth rate) / (Required return-Growth rate)

Value after year 3 = (2.5056*1.08) / (0.11-0.08)

Value after year 3 =$90.2

current share price = Future dividends x Present value of discounting factor

current share price = (1.74/1.11)+($2.088/1.11^2)+(2.5056/1.11^3)+($90.2/1.11^3)

current share price =  1.56 + 1.69 + 1.83 + 65.95

current share price =$71.03

6 0
3 years ago
Which of the following is the last step in creating a budget?
Step2247 [10]
B. Determine savings or debt :)
6 0
3 years ago
Read 2 more answers
Panza Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been
Afina-wow [57]

Answer:

A. $412,500

B.$719,250

C.$133,965

D.$76,875

Explanation:

Panza Corporation

(a) Cost of goods sold for 2020

Formula

Inventory turnover ratio

= Cost of goods sold/(beginning inventory + ending inventory)/2

Hence:

2.2 = Cost of goods sold/(195,000+ 180,000)/2

2.2=375,000/2

2.2=187,500

=187,500×2.2

=Cost of goods sold $ 412,500

(b) Net sales (credit) for 2020

Using this formula

Accounts receivable turnover

= Net sales(credit)/ (beginning accounts receivable+ ending accounts receivable)/2

7.0=Net sales(credit) / (80,000 + 125,500)/2

7.0=205,500/2

7.0=102,750

=102,750×7.0

Net sales(credit) = $719,250

(c) Net income for 2020

Using this formula

Return on common stockholders’ equity

= Net income/average common stockholders’ equity

0.26 = Net income/(411,000+411,000+100,000+108,500)/2

0.26=1,030,500/2

0.26=515,250

=515,250×0.26

Net income = $133,965

(d) Total assets at December 31, 2020

Using this formula

Return on assets= Net income/(beginning total assets + ending total assets)/2

0.125 = (615,000 + ending total assets)/2

Total assets at December 31,2017 =$76,875

7 0
3 years ago
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