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MrMuchimi
2 years ago
8

Robert works in the import-export department of Bank of America and he has noticed the following spot currency quotes: 1 U.S. do

llar = 10.875 Mexican pesos 1 British pound = 7.500 Danish krone 1 British pound = 1.65 U.S. dollars Using the above information, determine how many Mexican pesos can purchased for one Danish krone.
Answer choices

Group of answer choices

2.0815

2.3925

2.0097

2.3446
Business
1 answer:
lubasha [3.4K]2 years ago
3 0

Answer:

2.3925

Explanation:

The computation of the Mexican pesos is shown below:

= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone

= (1.65 × 10.875 ÷ 7.5)

= 2.3925 Mexican pesos

Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come

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ou want to buy a new sports car from Muscle Motors for $76,000. The contract is in the form of a 60-month annuity due at an APR
Len [333]

Answer:

$1510.28

Explanation:

The monthly on the purchase of new sports car can be  computed using the pmt excel function as shown below:

=pmt(rate,nper,-pv,fv)

rate is APR of 7.15% expressed in monthly terms i.e 7.15%/12

nper is the number of months that payments would last i.e 60 months

pv is the cost of the new sports car i.e $76000

fv is the balance owed after the 60th payment i.e $0

=pmt(7.15%/12,60,-76000,0)=$1510.28

8 0
3 years ago
During 2020 the Pharoah Company had a net income of $85100. In addition, selected accounts showed the following changes: Account
PSYCHO15rus [73]

Answer:

Cash provided by operating activities $84,700

Explanation:

The computation of the amount of cash provided by operating activities is shown below:

Net income  $85,100

Add: depreciation expense $1,400

Less: increase in account receivable -$2,700

Add: Increase in account payable $900

Cash provided by operating activities $84,700

3 0
3 years ago
Company A uses an accelerated depreciation method while Company B uses the straight-line method. All other things being equal, d
babymother [125]

Answer:

d. A larger fixed assets turnover ratio and a larger gain on asset disposal

Explanation:

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This method usually minimizes taxable income in the initial years as a higher amount of depreciation is claimed.

Fixed assets turnover ratio refers to what percentage of net sales is attributable to an entity's fixed assets. It is expressed as:

\frac{Net\ Sales}{Average\ Fixed\ Assets}

Gain on sale of asset disposal = Sale value - Book Value

Book Value =  Cost less accumulated depreciation till date

As can be seen, Average fixed assets balance would reduce thereby increasing fixed assets turnover ratio.

Similarly, due to higher depreciation charged, Book Value would be comparatively less, which would lead to larger gain on assets disposal in the initial years.

5 0
3 years ago
If Canada has a surplus of paper products produced but its consumers demand more cleaning solutions, and the US has an abundance
Charra [1.4K]

Answer:

Expanded market for their products

Explanation:

International trade is a trade involving individuals or firms in two different countries. A country that has a comparative advantage in producing a product can manufacture it in bulk and sell it to other countries.

The consumers in Canada that require cleaning products can buy them from the USA.  In other words, they will be importing .  Canadians can also sell excess paper products to the USA. They will be exporting.

By trading, Both Canada and the USA will get markets for the products they have in excess.  Business people in this country will profit from international markets.  They will increase production, which adds to their countries GDP.

3 0
3 years ago
What is one benefit of buying preferred stocks?
Pavel [41]

Answer:

preferred stocks are low risks

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