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IgorC [24]
3 years ago
8

While studying abroad, Joe found that his U.S. dollars did not stretch as far as he had hoped. Every time he exchanged U.S. doll

ars for euros, he gave up more dollars in exchange for fewer euros. Obviously, the dollar was weak against the euro. A. True B. False
Business
1 answer:
MrRissso [65]3 years ago
4 0

Answer:

The statement is: True.

Explanation:

Currency exchange rates determine how much currency values compared to another currency. Different factors influence the valuation of those currencies but mainly it depends on how much they can be used and accepted in different parts of the world. The more regions accepting the currency, the higher the value of the currency.

<em>Nowadays the United States dollar (USD) is the most used currency worldwide. However, it has historically had a lower value than the Euro (EUR). It means the USD is weaker in front of the EUR even nowadays, implying every time people want to exchange dollars for euros they get fewer euros for more dollars.</em>

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Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
Elena-2011 [213]

Answer:

the gross domestic product or GDP would be 1.382,675 Rupees

Explanation:

3 0
3 years ago
Monopolistic competition is different from perfect competition because:
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Answer:

D. differentiated products

Explanation:

Monopolistic competition refers to a kind of imperfect competition where there are may producers that sells differentiated goods that are therefore not perfect substitutes.

Perfect competition is where there are many producers that sell homogeneous or identical goods that are perfect substitutes.

Therefore, monopolistic competition is different from perfect competition because of differentiated products.

8 0
3 years ago
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Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol
disa [49]

Answer:

Explanation:

Date     Unit    Unit cost    Total       Goods sold     Cost   Total

May 1    28         9                252              28                9       252

May 15  26        10               260              26                10      260

May 24 39         11                 429             26               11        286

Total      93                             941              80

1) Weighted average unit cost = 941/93 = $10.118

FIFO method

2)Ending inventory  (93-80)*11 =$ 143

FIFO method assumes that the first set of inventory are the first to be sold

LIFO method

LIFO assumes that the last set of inventory are the first to be sold

    Goods Sold       Cost     Total

            39                  11       429

            26                  10      260

             15                  9         135

Ending Inventory = (93-80)*9 = $117

Average Cost Method

Ending Inventory = 13 * 10.118 =$131.534

5 0
3 years ago
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An amusement park refers to the park which highlights different attractions, for example, rides and diversions, and also different occasions for enjoying and entertaining purposes. An amusement park is a sort of entertainment place that bases its structures and attractions around a central theme, frequently including various regions with various subjects.
4 0
4 years ago
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In a project charter, the _____ describes the project and justifies why the project should be done.
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In the project charter, the Purpose best describes the project provides justification for it.

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