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
Helen [10]
3 years ago
5

Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.

S. importer will contact his U.S. bank (where of course he has an account denominated in U.S. dollars) and inquire about the exchange rate, which the bank quotes as €1.0242/$1.00. The importer accepts this price, so his bank will ____________the importer's account in the amount of ____________. A. debit, $500,000 B. credit, €512,100 C. credit, $500,000 D. debit, €512,100
Business
1 answer:
Anestetic [448]3 years ago
7 0

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros 512100  

   

dólar 1 1,0242 euros

         x 512100  euros

   

x= 500.000  

You might be interested in
Daniel has to prepare a report outlining the reasons why his company is going to shut down two factories in the united states. h
timurjin [86]
The inductive method is also sometimes called a scientific method. The method starts off by stating many observations of nature then arriving to the conclusion. The goal is to find a few and powerful ending statement based on the previously stated individual reasons. 
6 0
3 years ago
A workbook contains sales information for the first quarter and you are interested in finding the totals sales generated in janu
Juli2301 [7.4K]

The function that is best suited in handling the task that will help you in seeking the information needed such as the total sales generated in January is the SUMIFS. This function will help in summing the values in the cells base on the dates or numbers provided.

3 0
3 years ago
Global Exporters recently announced that it will pay annual dividends of $1.10; $1.25, and $1.30 a share over the next three yea
Paraphin [41]

Answer:

$14.42

Explanation:

Please kindly check attachment for the step by step solution of the given problem.

3 0
3 years ago
Read 2 more answers
During the year, Lillie rented her vacation home for three months and spend one month there. Gross rental income from the proper
77julia77 [94]

Answer:

$8,100

Explanation:

The home was rented for more than 14 days, you must pay taxes for the rental income

Since Lille used the house for more than 15 days herself, limits her deduction. The home cannot be treated as rental home nor personal use vacation home.

total days used = (30 x 3) + 30 = 120 days

rental days = 90/120 = 75% (this doesn't apply to mortgage interest nor real estate taxes, they are still 100% deductible)

mortgage interest and real estate taxes still qualify as personal expenses = $3,000 + $1,500 = $4,500

utilities and depreciation will be deducted only 75% = ($800 + $4,000) x 75% = $3,600

total deductions = $4,500 + $3,600 = $8,100

7 0
3 years ago
Changes in the quality of a good Group of answer choices do not present a problem in the construction of the consumer price inde
mestny [16]

Answer: Consumer price index

Explanation: A Consumer Price Index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically

6 0
3 years ago
Other questions:
  • Discuss the difference between organizational objectives and strategies.
    12·1 answer
  • Assume there is a fixed exchange rate between the Euro and U.S. dollar. The expected return and standard deviation of return on
    13·1 answer
  • West Corp. issued 13-year bonds 2 years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If these bonds
    9·1 answer
  • 7. Opal Lindsay has just taken out a loan at her bank. The bank is charging her 12 percent compounded monthly. How much is Ms. L
    7·1 answer
  • Suppose the president is attempting to decide whether the federal government should spend more on research to find a cure for he
    5·1 answer
  • bought 2,000 shares of Print Company stock for $12,780. She sold the stock for $7 per share and paid a sales commission of $26.
    6·1 answer
  • Riya has recently started a restaurant in a commercial area that already has many other establishedrestaurants and popular fast-
    11·1 answer
  • Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul
    7·1 answer
  • A(n) ____________________ is a contractual provision that says a seller of a business will not engage in a similar business with
    13·1 answer
  • If the government increases its spending when the economy is expanding, automatic stabilizers _____ the government spending mult
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!