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vazorg [7]
3 years ago
12

Assume you plan to travel to the Southern Hemisphere after final exams. You’ve narrowed your choices down to two that you like e

qually: Colombia or Australia. The total cost of your trip to Australia will be 5,000 Australian Dollars. The total cost of your trip to Colombia will be 5,000,000 Colombian Pesos. Based on the November 1, 2019 exchange rates, which trip is priced less in terms of U.S. Dollars? Show your work.
Business
1 answer:
storchak [24]3 years ago
4 0

Answer:

The trip to Colombia is priced less at $1,497.07.

Explanation:

Using the following spot inter-bank market on November 1, 2019,

1 USD = 3339.85 COP  (Colombian Pesos) and

1 USD = 1.4455 AUD (Australian Dollars

5,000 Australian Dollars on that day would be equivalent to

= \frac{5000}{1.4455}

= $3,459.01

5,000,000 Colombian Pesos on that day would be equivalent to

= \frac{5000000}{3339.85}

= $1,497.07

Considering the U.S Dollars equivalent of both cost, the trip to Colombia is priced less at $1,497.07.

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myrzilka [38]

The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.

The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.

An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of  agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.

The development of a new pest control for cranberry production would lead  to an outward shift of the supply curve as more cranberries can be produced.

Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798

5 0
3 years ago
In Myanmar, seven laborers, each making the equivalent of $2.50 per day, can produce 38 units per day. In China, nine laborers,
Tresset [83]

Answer:

The labor cost per unit is lowest for China and is $0.40 per unit

Explanation:

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                 count       per labor         Day               units per day     per Unit

                    L            w                  W=L×w              P                    l=W÷P

Myanmar      7          $2.50               17.50               38                 $0.46

China            9          $2.00               18.00               45                 $0.40

Billings/         4          $57.00            228.00         102                   $2.24

Montana

The labor cost per unit is lowest for China and is $0.40 per unit

6 0
3 years ago
How does increasing the size of your down payment impact your auto loan?
Gnom [1K]

Answer:

The correct answer is letter "C": It decreases the size of your principal and decreases the total cost of the loan .

Explanation:

Down payments are the initial sums debtors pay when requesting a credit. Down payments are usually mandatory but the debtor can offer the sum voluntarily.

<em />

<em>If the sum provided in the down payment is higher than what is requested, the amount of the principal will be lower. If the amount of the principal is lower, the total of the interest paid in the course to the loan will be lower as well, thus, the cost of the loan will be reduced.</em>

5 0
3 years ago
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: (CIA adapted) De
vlada-n [284]

Answer:

Total Manufacturing Cost  $81,100

Explanation:

The computation of the manufacturing cost incurred is shown below:

Wages of Production workers: = $30,500

Raw Material $42,000

Material handling $2,700

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Factory Insurance $500

Depreciation on Factory Equipment $2,200

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3 years ago
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Feliz [49]
History raise a person wage on average by about 8.50
3 0
3 years ago
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