Answer:
6.86011 Turkish liras per US dollar
Explanation:
US's inflation 3% for the next 3 years
Turkey's inflation 7% for the next 3 years
current Lira/Dollar spot rate (L/$) = 5.6702 (liras per dollar)
- inflation rate US = (1 + 0.03)⁵ = 1.159274
- inflation rate Turkey = (1 + 0.07)⁵ = 1.402552
difference = 1.402552 / 1.159274 = 1.20985 x current spot rate = 1.20985 x 5.6702 = 6.86011
Since the Turkish inflation rate is higher than the American inflation rate, then the Turkish lira will depreciate faster than the US dollar.
$670 is the final balance due that max wants to pay.
<u>Explanation</u>:
- Max borrowed a $2000 amount on a 120-day note. First, he paid $700 in the 120-day note. So the current amount he paid is $700.
- After thirty days max paid the amount of $630. So totally he paid $1330 in a note of 75 days. So 45 days are remaining.
- So the final balance due is $670. So Max wants to pay $670 on a note of 45 days.
The variance analysis cycle<u> C. begins with the preparation of </u><u>performance reports</u><u>.</u>
<h3>What is a performance report?</h3>
A performance report is at the heart of the variance analysis cycle.
The performance report details the following:
- Calculates the difference between actual and budgeted expenditure and revenue.
- Analyzes the differences into various variances, determining if they are favorable or unfavorable or have no effects.
- Investigates the reasons for the differences.
- Puts the information together and reports to management.
Thus, the variance analysis cycle<u> C. begins with the preparation of </u><u>performance reports</u><u>.</u>
Learn more about performance reports and variances at brainly.com/question/13287252
<span>The government has REGULATIONS to protect people from being harmed by lead.
</span>
Answer:
C) There was no price control on gasoline at the time.
Explanation:
During the 1970s the US government established a price ceiling on gasoline, but as all price ceilings set below the equilibrium price, it results in both a deadweight loss and a supply shortage.
Since the price is "too cheap", then the quantity demanded will be more than the quantity supplied. Rising costs in gasoline production made things worst, since suppliers were constantly reducing their supply of gasoline, while consumer demand was constantly increasing.
