The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.
Explanation:
Given details-
The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD
Cost of the stereo= 5000 USD
Proportionate cost of the stereo in the British pound-
Exchange rate conundrum can be understood in the following way easily-
It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.
Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound
5000 USD would equal 5000* 0.75 British pound= 3750 British pound
cost of the stereo is 3750 British pound
Answer:
Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.
Explanation:
That's the answer.
Answer:
Cash shorting = 36,010 - 36,006 = $4
DR Cash $36,006
Cash Short and Over $ 4
CR Sales $36,010
There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.
The main difference between the short run and the long run is that " in the long run, all inputs are fixed "
Explanation:
Both inputs are variable in the long run while a total of one input is set in the short run.
For example, rent can be set short-term but long-termly differently.
The main difference between long-term and short-term expenses is that there are neither long-term fixed nor short-term influences.
In the long term, the overall price point, negotiated wages and aspirations are fully adapted to the state of the economy.
Depending on variable costs and the production volume, short-term costs are increasing or declining. If a company controls the short-term costs over time, then the expected long-term savings and goals are more likely to be accomplished.
