How can higher prices negatively affect other producers of goods and services

What is the current estimate of the number of africans forcibly relocated from africa to the new world?

sammy [17]

11 million should be right!

7 0

3 years ago

Erin mcqueen purchased 50 shares of bmw, a german stock traded on the frankfurt exchange, for 64.5 euros (€) per share exactly 1

faust18 [17]

Erin McQueen purchased 50 shares of BMW, a German stock traded on the Frankfurt Exchange, for 64.5 euros (â‚¬) per share exactly 1 year ago when the exchange rate was 0.67 â‚¬/US$. Today the stock is trading at 71.8 (â‚¬) per share, and the exchange rate is 0.75 â‚¬/US$.

a. Did the depreciate or appreciate relative to the US$ during the past year? Explain.

b. How much in US$ did Erin pay for her 50 shares of BMW when she purchased them a year ago?

c. For how much in US$ can Erin sell her BMW shares today?

d. Ignoring brokerage fees and taxes, how much profit (or loss) in US$ will Erin realize on her BMW stock if she sells it today?

Answer:

a. The euro appreciated against the US dollar.

At the beginning of the past year, the €/$ exchange rate was 0.67. This means $0.67 was required to buy one Euro.

At the end of the year, the €/$ exchange rate was $0.75, meaning $0.75 are needed to buy one Euro.

Since it costs more U.S. dollars to buy one Euro at the end of the year, the USD has depreciated against the euro and the euro has appreciated against the USD .

b. Erin paid $4813.43 for the purchase of 50 BMW shares a year ago.

Share price of BMW a year ago = €64.50

Price for 50 BMW shares = €3225 (€64.50 × 50)

€/$ = 0.67

Price in $ = $4813.432836 (3225/0.67)

c. Erin can sell her BMW shares for $4786.67

Share price of BMW a year ago = €71.8

Price for 50 BMW shares = €3590 (€71.8 × 50)

€/$ = 0.75

Price in $ = $4786.666667 (3590/0.75)

d. Erin will lose $26.76 if she sells today.

Gain or Loss = Today's price ($) - Price a year ago ($)

Gain or Loss = -26.76616915 ($4786.666667 - 4813.432836)

4 0

3 years ago

In your own words, describe what civic engagement means to

tino4ka555 [31]

Answer:

Civic engagement means, work to make difference in the civic life of the community , using combination of values, motivation, skills and knowledge to make difference.

It can be both formal or informal,

It can have many forms such as community engagement, volunteerism, government work and organizational involvement and electoral participation.

Civic engagement work such as volunteering and voting can help people develop skills, voice and knowledge to make positive change in the society and helps to improve the conditions which influence well being and health for all.

Many people volunteer to clean the riverbeds , or by collecting the garbage from beaches, they can be considered to be civically engaged. They do it because it gives them a sense of contributing to the society by keeping rivers and beaches clean.

4 0

4 years ago

Read 2 more answers

Mandy's Muffins, Inc., makes a profit in 2015. The managers of Mandy's Muffins, Inc., decide to distribute the profits to the co

wariber [46]

Answer:

Dividend.

Explanation:

The managers of Mandy's Muffins, Inc., decide to distribute the profits to the corporation's shareholders are known as a <u>dividend.</u> A dividend is a part of the profits and retained earnings of the company that shared among its shareholders. The value of the dividend is determined on a per-share basis and is to be shared among the shareholders equally of the same class.

5 0

3 years ago

Use the following information to answer the question: Stock’s Expected State of Probability of Return if this the Economy State

shutvik [7]

Answer:

The answer is 0.0707

Explanation:

Solution

Given that:

Probability Return Probability(return-expected return)^2

0.25 25 0.25(25-15)^2=25

0.5 15 0.5(15-15)^2=0

0.25 5 0.25(5-15)^2=25

Total = 25 +0 + 25

= 50

Thus

The next step is to find the standard deviation which is given below:

Standard deviation=[total probability (return-expected return)^2/total probability]^(1/2)

=(50)^(1/2)

=0.0707

Hence the standard deviation is 0.0707.

Note: The expected return is =15%

7 0

3 years ago