Read the following statement and select the term that matches.

One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

Given : 1 unit of peso = 12 grains of gold

1 unit of US Dollar = 18 gains of gold

To find : 1 peso = ___ dollars

1 grain of gold = $\frac{1}{12}$ peso

similarly, 1 grain of gold = $\frac{1}{18}$ dollars

this means, $\frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars$

it means 1 peso = $\frac{12}{18} \ dollars$

or 1 peso = $\frac{2}{3} \ dollars$

or 1 dollar = 1.5 pesos

6 0

4 years ago

By trying to get customers to spend more time in the store and purchase additional products, grocerants use which strategic oppo

Annette [7]

By trying to get customers to spend more time in the store and purchase additional products, grocerants use marketing strategic opportunities.

A marketing strategy is a long-term plan to achieve a company's goals by understanding customer needs and creating a clear and sustainable competitive advantage. This includes everything from identifying customers to deciding which channels to use to reach those customers.

You are the product, the price, the place, the promotion. The 4 Ps are often referred to as the marketing mix.

Marketing strategies are the ability of a company to effectively differentiate itself from its competitors by leveraging its strengths (current and future potential) to consistently provide customers with superior value to its competitors. It's a way to convert

Learn more about marketing strategies at

brainly.com/question/25640993

#SPJ4

8 0

2 years ago

Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives.

Norma-Jean [14]

Answer:

b $18.50

Explanation:

We have to divide the Procurement cost pool over the total number of order which is the cost driver of this activity.

Cost pool: 370,000

Disk drives purchase orders: 4,000

Tape drivers purchase orders: 4,000

Wire drivers purchase drives: 12,000

Total purchase order 20,000

Now, we know the variables values so we can calculate the rate:

$370,000 cost pool/ 20,000 purchase order = $ 18.5

6 0

3 years ago

Assume that a financial asset gives its owner the following cash flows which are invested using the compound interest method: ye

VMariaS [17]

Answer:

$114,218.

Explanation:

Year 0, cash outflow = $15,041

Year 1, cash inflow = $44,780

Year 2, cash inflow = $15,784

Year 3, cash inflow = $52,390

Year 4, cash inflow = $13,458

R = 6%

Value of the asset in year 3 = -15,041*(1+6%)^3 + 44,780*(1+6%)^2 + 15,784*(1+6%) + 52,390 + 13,458/(1+6%)

Value of the asset in year 3 = -15,041*1.191016 + 44,780*1.1236 + 15,784*1.06 + 52,390 + 13,458/1.06

Value of the asset in year 3 = -17,914.07 + 50,314.81 + 16,731.04 + 52,390 + 12,696.23

Value of the asset in year 3 = $114,218.01

5 0

3 years ago

Davis Company has analyzed its overhead costs and derived a general formula for their behavior: $65,000 + $14 per direct labor h

Ratling [72]

Answer:

$15.3 per direct labor hour

Explanation:

Overhead costs are those costs which are incurred for the manufacturing of the product but not directly attributable to any product / service. It can be variable or fixed.

Formula for overhead costs = $65,000 + $14 per direct labor hour

Numbers of direct labor hours = 50,000 hours

Total Cost = $65,000 x ($14 x 50,000 ) = $765,000

Over head rate per direct labor hour = Total overhead cost / Numbers of direct labor hours = $765,000 / 50,000 = $15.3 per direct labor hour

5 0

4 years ago