I think the answer is Downwards;increases
Answer:
option (C) $5 in the U.S. and 3 euros in Italy
Explanation:
Data provided in the question:
Nominal exchange rate, E = 0.80 euros per dollar
Real exchange rate = 
Now,
Real exchange rate = [ Price of good in US ] ÷ [ Price of Good in Italy ]
= 
Here,
PU = Price of US in dollars
PI = Price of Italy in Euros
Thus,
Real exchange in rate
= 
or
= 
hence,
we get
Ratio of Price of a good in US to Price of a Good in Italy = 
or
we can say $5 in the U.S. and 3 euros in Italy
option (C) $5 in the U.S. and 3 euros in Italy
Answer:
<u>Therefore, the lease liability is $533,600 and the current liability is $46,640.
</u>
Explanation:
Based on the various account balances that Birch Company has, they should report a total of<u> $38,061 </u>for Cash and Cash equivalents.
Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.
They include:
- Actual cash
- Cash in bank
- Cash in petty cash
- U.S. Treasury bills
- Money market funds
The total of cash and cash equivalent here are:
<em>= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills</em>
= 2,910 + 23,631 + 320 + 11,200
= $38,061
In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.
<em>Find out more at brainly.com/question/9505730.</em>
Answer:
Option B is correct (17.6)
Price-earnings ratio=17.6
Explanation:
option B is correct (17.6)
Given Data:
Net income=$90,000
Weighted-average common shares outstanding=18,000
Market price per share=$88
Book value per share=$76
Required:
Price-earnings ratio=?
Solution:
Formula:
Price-earnings ratio=
Price-earnings ratio=
Price-earnings ratio=17.6