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
Anastasy [175]
2 years ago
6

If the price of Yoo-hoo is $2 in New York and $1 in St. Petersburg, Russia (after converting the rubles to dollars), you might e

xpect: Group of answer choices
Business
1 answer:
Luba_88 [7]2 years ago
4 0

Answer: A) people to buy Yoo-hoo in St. Petersburg and sell it in New York until the price was the same in each country

Explanation:

As the Yoo-hoo is cheaper in St. Petersberg than in New York, this presents an arbitrage opportunity to buy cheap and sell higher. People will therefore buy from St.Petersberg at the price of $1 and then sell it in New York for $2 thereby making a 100% profit.

Once this happens more and more people will start doing this which would lead to an increase in demand for St. Peterberg Yoo-Hoos. According to the Law of Demand, when demand rises, the price will rise as well so the price in St. Petersberg will keep rising till it gets to the same amount in New York thereby dissuading people from buying to take advantage of the opportunity.

You might be interested in
Al simmons, the curator and larry marder, the president of the mcfarlane companies describe todd mcfarlane as being both artisti
slava [35]
A SWOT analysis will identify Mcfarlane as a STRENGTH.
SWOT analysis refers to a study that is usually undertaken by companies in order to identify its internal strengths and weaknesses as well as its external opportunities and threats. In the question given above, Mcfarlane is a strength to his company because his efforts are beneficial to the company.
8 0
2 years ago
Maya is hoping to hire lifeguards to work at her community pools this summer. What is the first step she must take in this proce
Andrew [12]

The first step Maya should take in the process of hiring lifeguards to work in the summer is to start the process of recruiting and selecting candidates.

<h3 /><h3>What is recruitment and selection?</h3>

It is the process of identifying the need to hire employees to fill open positions in an organization, according to the profile and qualifications required for the position.

Therefore, through a structured recruitment process, with resume analysis, interviews and tests, the company will identify the ideal professional to contribute with innovation and knowledge to achieve organizational goals.

Find out more about recruitment here:

brainly.com/question/10467107

7 0
1 year ago
Brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's
Karolina [17]

C. $1,000

$1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal 1,000 dollars.

8 0
3 years ago
Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They
weeeeeb [17]

(C) They treat income as 'passed through' to the investor for tax purposes.

<h3>What are mutual funds?</h3>
  • A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities.
  • The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.
  • Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account.
  • Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.
<h3>Who are investors?</h3>
  • A person who invests money does so in the hope of earning a profit or gaining an advantage in the future.
  • The majority of the time, the investor purchases some kind of property using these assigned funds.
<h3>What is tax?</h3>
  • Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
  • A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
  • Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.

Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.

Know more about mutual funds here:

brainly.com/question/4340765

#SPJ4

4 0
1 year ago
The actual cost of direct labor per hour is​ $16.00 and the standard cost of direct labor per hour is​ $9.50. The direct labor h
Alla [95]

Answer:

$19,713 unfavorable

Explanation:

Direct labor efficiency variance tells us that how the direct labor is used to product the standard numbers of share. It is calculate by multiplying the difference of actual labor hours and standard labor hours with standard rate.

Formula for the efficiency variance

Direct labor efficiency​ variance = (Actual Hours - Standard Hours ) x Standard Rate

Direct labor efficiency​ variance = (3,500 - (0.25x5,700 ) x $9.5

Direct labor efficiency​ variance = (3500 - 1425 ) x $9.5

Direct labor efficiency​ variance = $19,713 unfavorable

As the actual Labor hours spent is higher than the estimated so, the efficiency variance id unfavorable.

3 0
3 years ago
Other questions:
  • A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions and t
    14·1 answer
  • Items listed in a job description detailing work to be performed are _____. skills, tasks, tools, data
    10·2 answers
  • Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $8,400 and recorded it as a prepaid exp
    11·1 answer
  • Mateo has a passion for collecting old watches. He's particularly interested in those from the 1920s because they have a history
    15·2 answers
  • under the securties act of 1933, which statements are true regarding a regulation D private placement exemption? adveristing per
    13·1 answer
  • THIS IS A RANDOM QUESTION can someone spill some tea bc im bored
    15·2 answers
  • Hokey Min's Kleen Karpet cleaned 75 rugs in October, consuming the following resources: Labor: Solvent Machine Rental: 520 hours
    11·1 answer
  • How are prices determined in a free market economy​
    13·1 answer
  • 6. Respirators must be certified by the National Institute for Occupational Safety and Health, or NIOSH, and used in compliance
    9·2 answers
  • Musician Productions, a maker of musical instruments based in Michigan, is preparing to open a branch office in Paris, France. I
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!