1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Delvig [45]
3 years ago
13

When studying abroad last year, Thomas found that his U.S. dollars didn't stretch as far as he had expected. Each time he exchan

ged his dollars for euros, he had to give up more dollars in exchange for fewer euros. The exchange rate indicates
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

The euro has gained strength against the dollar.

Explanation:

Exchange rate is a measure of the value of one countrie's currency compared with another. For example how many dollars can be exchanged for a euro.

Most exchange rates are free floating, meaning their value is determined by market forces (demand and supply).

Some countries however peg their currency value.

So in this scenario Thomas is giving more dollars for fewer euros because the euro has more value.

You might be interested in
Companies that operate in a ___________________ environment have the lowest amount of environmental uncertainty as illustrated i
Mandarinka [93]

Answer:

Simple, stable

Explanation:

External environment

This is commonly known and includes factors, forces, outcomes, situations, and events outside an organization that influences or affect its performance.

The components of external environment includes: economic, demographic, technological, sociocultural, political/legal, global etc.

Stable-simple environment

This environment is said to be very stable and also predictable. The Few components are sort of similar and remain the same. And it requires little need for sophisticated knowledge of components.

4 0
2 years ago
Moises has dreamed of setting up a graphic design company since he was in college. He always knew he wanted to work from home an
anastassius [24]

Answer: (A) Developing alternative

Explanation:

 The rational decision is one of the type of model that helps in providing the various types of advantages and also reducing the overall structural cost by making the choices from the given alternatives.

The economical theory is one of the idea behind the rational concept and developing the alternatives is one of the important step of this model.

 According to the given question, Moises is basically using the main step in the rational decision making model that is developing the alternatives as it providing the expertise tool and the knowledge.    

  Therefore, Option (A) is correct answer.

6 0
2 years ago
Ursus, Inc., is considering a project that would have a five-year life and would require a $2,400,000 investment in equipment. A
Margaret [11]

Answer:

Part 1. NPV $346,465

Part 2. IRR is 19.8%

Part 3. 3 Years

Part 4. 13.33%

Explanation:

<u>Part 1.</u>

Year  Cash Flow   DF at 14%  Discounted Cash flow  

 0         -2,400,000    1.00               -2,400,000  

 1             800,000    0.8772                   701,754  

 2            800,000    0.7695           615,574  

 3            800,000    0.6750          539,977  

 4            800,000    0.5921                  473,664  

 5            800,000    0.5194                  <u> 415,495 </u>

               NPV                                 $346,465

   

<u>Part 2.</u>

Year   Cash Flow   DF at 14%  Disc.Cash flow   DF at 20%   Disc. Cash flow

 0     -2,400,000  1.0000     -2,400,000          1.0000          -2400,000

 1      800,000  0.8772        701,754             0.8333            666,667

 2      800,000  0.7695        615,574          0.6944          555,556

 3      800,000  0.6750        539,977          0.5787          462,963

 4      800,000  0.5921        473,664          0.4823          385,802

 5      800,000  0.5194       <u> 415,495 </u>         0.4019            <u> 321,502</u>

                             NPV              $346,465                                    -$7510

IRR can be calculated by using the following formula:

IRR = R at lower %age  + (R at Higher %age - R at Lower %age) * NPV at lower Percentage / (NPV at Higher %age - NPV at Lower %age)

Now by putting values, we have:

IRR = 14%   +  (20% - 14%)  *  346,465 / (346,465 +  7510)

IRR = 14%   +  5.8%  = 19.8%

<u>Part 3.</u>

Now by putting values, we have:

Payback Period = Initial Investment / Cash flow Per Period

Payback Period = $2,400,000 / $800,000  =  3 Years

<u>Part 4.</u>

As we know that:

Simple Rate Of Return = Net operating income ÷ Initial investment

Now by putting values, we have:

Simple Rate Of Return = $320,000 / $2,400,000 = 13.33%

5 0
2 years ago
Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as​ $960,000, Barin's accoun
Dennis_Churaev [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
Sunland Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,
coldgirl [10]

Answer:

50,900 units

Explanation:

a. The computation of the units were transferred out of Work in Process Inventory is shown below:

= Beginning inventory of work in process units  + added to the production units - ending inventory of work in process units

= 8,100 units + 47,600 units - 4,800 units

= 50,900 units

Basically we added the production units and deduct the  ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come

7 0
3 years ago
Other questions:
  • On May 1, Foxtrot Co. agreed to sell the assets of its Footwear Division to Albanese Inc. for $80 million. The sale was complete
    5·1 answer
  • The decision-making control in which local units are given autonomy is characteristic of a(n:
    12·1 answer
  • Ariel is working at a meat-packing plant 5 nights a week. her regular wage is $11 an hour. she earns time and a half for any ove
    15·1 answer
  • Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, in which of these places are mon-khmer
    15·1 answer
  • Groupthink is defined as
    14·1 answer
  • Innovation efforts of the firm often benefit from partnering with non-business entities such as universities and government agen
    10·1 answer
  • Anytime it is snowing when Joe Commuter gets up in the morning, he misjudges how long it will take him to drive to work. When it
    13·1 answer
  • Newspaper vending machines are often built so that customers can pay to lift a door and take a paper off a pile of daily newspap
    9·1 answer
  • Segundo o autor Gilson Schwartz, em seu livro As profissões do futuro, e sua concepção de Mercado de trabalho contemporâneo, pod
    9·1 answer
  • With bad credit you are more dependent on others which statement is correct? O A Bad credit means you have more options on place
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!