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docker41 [41]
3 years ago
15

An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan

ese yen at the prevailing rate of ¥82.54/$. After finishing her business in Japan, she departs for London where she converts the remaining yen to British pounds. She sells ¥512,375 at a rate of ¥132.03/£. She finally returns to the United States with £567.35, which she would like to convert to U.S. dollars. Based only on the rates given, how many dollars will she receive if she sells the pounds?
Business
1 answer:
Sedbober [7]3 years ago
3 0

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

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Jim Smith is a salesman who receives a $1,100 draw per week against his commission. He receives a 12% commission as an incentive
blondinia [14]

Answer:

$29,000

Explanation:

Given that:

  • Draw per week: $1,100
  • Commission rate: 12%
  • Sales for Jim were $205,000 for the month.
  • 4 weeks in a month

Assuming a four-week month, Jim's commission :

Commission on revenue + commission of total draws

= $205,000*12% + 4*$1,100

= $24,600+ $4,400

= $29,000

Hope it will find you well.

3 0
3 years ago
Planning for capital expenditures is necessary for all of the following reasons except:
True [87]

Answer:

The correct answer is (C)

Explanation:

Planning for capital expenditures is an important aspect which helps the organisation to grow in future and to mitigate the risks of financial distress. Amount spent on office equipment is not a part of planning for capital expenditures because in time fixed assets such as office equipment wear out or become superseded. All other reason are a part of planning for capital expenditures.

3 0
3 years ago
How much does a construction foreman make in a start up company in Illinois
Whitepunk [10]

the average pay for a Construction Foreman in Chicago, IL is $32.17 /hr

3 0
3 years ago
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Darya [45]

Answer:

Net operating income= 11,600

Explanation:

Giving the following information:

Selling price $118

Variable costs per unit:

Direct materials $37

Direct labor $23

Variable manufacturing overhead $3

Variable selling and administrative expense $5

Fixed costs:

Fixed manufacturing overhead $73,500

Fixed selling and administrative expense $29,900

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

<u>First, we need to calculate the total variable cost per unit:</u>

Total variable cost per unit= 37 + 23 + 3 + 5= $68

<u>Income statement:</u>

Sales= 118*2,300= 271,400

Total variable cost= 68*2,300= (156,400)

Total contribution margin= 115,000

Fixed manufacturing overhead= (73,500)

Fixed selling and administrative expense= (29,900)

Net operating income= 11,600

5 0
3 years ago
You are evaluating two different silicon wafer milling machines. The Techron I costs $234,000, has a three-year life, and has pr
avanturin [10]

T-1:

Table-1 vide annex

Applying EAC formula

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c: equivalent annuity cash flow

NPV: Net present value

r: rate per period

n: number of periods

we have

c = \frac{0.1*(-246155.15)}{(1-(1+0.1)^{-3} )}

c = $ - 98 982,63

T-2

Table-2 vide annex

Applying EAC formula

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c: equivalent annuity cash flow

NPV: Net present value

r: rate per period

n: number of periods

we have

c = \frac{0.1*(-369644.05)}{(1-(1+0.01)^{-5} )}

c = - $ 97 511.17

7 0
3 years ago
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