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vladimir1956 [14]
3 years ago
13

Suppose the U.S. dollar is defined by law as being equal to 0.1 ounce of gold. Further suppose the British pound is defined as b

eing equal to 0.05 ounce of gold. The implied exchange rate between the pound and the dollar is
Business
1 answer:
motikmotik3 years ago
6 0

Answer:

The exchange rate is $1 = 2 pounds.

Explanation:

The exchange rate is the relative value of the two currencies. In other words, the amount of one currency you can exchange for another currency.  

The US dollar is defined as equal to 0.1 ounces of gold.  

The British Pound is defined as equal to 0.05 ounce of gold.  

The exchange rate between the two countries is

= \frac{value\ of\ US\ dollar}{value\ of\ British\ Pound}

= \frac{0.1}{0.05}

= 2

So the exchange rate is $1 = 2 pounds. This means that $1 can be used to exchange 2 pounds.

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On June 1, Carla Vista Co. Ltd. borrows $108,000 from Acme Bank on a 6-month, $108,000, 4% note. The note matures on December 1.
evablogger [386]

Answer:

a) Journal entry

Date        Account and explanation      Debit       Credit

June 1                Cash                             $108,000  

                    Notes payable                                      $108,000

b) Adjusting entry

Date        Account and explanation      Debit       Credit

June 30      Interest expense                    $360

                    (108,000*4%*1/12)

                   Interest payable                                    $360

c) Journal entry  

Date        Account and explanation      Debit       Credit

Dec 10        Notes payable                   $108,000  

                  Interest payable (360*6)      $2,160  

                        Cash                                                  $110,160

d)  Total (interest expenses)

Interest payable = $360 * 6

= $2160

5 0
3 years ago
A strategy is: Multiple Choice an action plan to maximize rewards in the current period in return for big risks. a procedure for
Strike441 [17]

Answer:

An action plan to achieve specific long term goals and objectives. based on the plans formed later resources are allocated. But initially long term goals and objectives are to be framed which is the main objective of strategic planning.

8 0
3 years ago
A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o
PSYCHO15rus [73]

Answer:

The correct answer is stockkeeping unit.

Explanation:

In the field of inventory management, an inventory maintenance unit or SKU refers to a specific item stored in a certain place. The SKU is considered the most disaggregated level when talking about inventory. It is assumed that the units stored in the same SKU are indistinguishable. The introduction of the SKU concept simplifies most inventory control operations. SKUs are sometimes used to designate intangible items, as guarantees; however, in this article we will focus on SKUs that designate tangible items.

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3 years ago
Julie Martin is investing $26,600 in the Invesco Charter mutual fund. The fund charges a 4.50 percent commission when shares are
Sergeeva-Olga [200]

Answer:

$1,264.50

Explanation:

Calculation for the amount of commission Julie must pay.

Using this formula

Commission=Investment amount× Fund charges percentage

Let plug in the formula

Commission= $28,100 × 0.045

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Therefore the amount of commission Julie must pay is $1,264.50

6 0
2 years ago
Suppose you purchase from a supplier at $4 per unit a part with which you assemble red widgets. on average, you use 50,000 units
joja [24]

The problem is missing some parts:

First, how many parts should you purchase each time you place an order.

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S= $800

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Q = 2SRH

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The second question is how many timer per year will you place orders.

Required order = R/Q

= 50000/10000

= 5 times

4 0
3 years ago
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