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
Inessa [10]
3 years ago
13

Suppose Tran studies in Vietnam. He buys a bowl of pho (noodle soup) for 250 baht. Tran remembers paying $8 for a similar bowl o

f pho before he left the United States. If purchasing power parity held exactly, the exchange rate would be ________baht per dollar (round your answer to two decimal places).
Business
1 answer:
mrs_skeptik [129]3 years ago
6 0

Answer:

31.25 baht/$1

Explanation:

It is obvious that the dollar is a stronger currency among the two currencies, hence, in order to determine the amount of baht that one dollar would exchange for, we need to divide the price of bowl of pho in the weaker currency by the amount of the same bowl of pho in the stronger currency as shown by the formula below:

baht/$=price of bowl of pho in baht/price of bowl of pho in $

price of bowl of pho in baht=250 baht

price of bowl of pho in $=$8

baht/$=250 baht/$8

baht/$ exchange rate=31.25 baht/$1

You might be interested in
The information systems of several firms have been compromised by insiders that can include contract employees, cleaning staff,
ch4aika [34]

Answer:

True

<h3>What is an Information system?</h3>
  • An Information System (IS) is a set of interrelated components that work together to collect, process, store, and disseminate information to support decision-making.
  • They also support the coordination, supervision, analysis, and visualization of an organization.

To learn more about it,  refer

to brainly.com/question/25689052

#SPJ4

7 0
1 year ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
The type of letter of credit that can be split up between many suppliers, each able to present their own documents for payment a
Nastasia [14]

Letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called Transferable Letter of Credit .

Explanation:

Transferable Letter of Credit is a credit document in which the party can transfer the credit in full or partial to another beneficiary.

A transferable credit letter that enables a receiver to further pass all or part of the payment to another supplier in the chain or to some other receiver. This usually occurs when the recipient is merely a conduit to the actual supplier. Such LC allows the beneficiary to have their records, but to further pass the credit.

5 0
3 years ago
Read 2 more answers
A population of bears increased by 50% in 4 years. If the situation is modeled by an annual growth rate compounded continuously,
Gekata [30.6K]

Answer:

r=\frac{ln(1.5)}{4}

Explanation:

Given:

Total population after time (P) = 100% + 50%  = 1 + 0.5 = 1.5

Starting population (p) = 100% = 1

Number of year (t) = 4 year

rate of growth = r

Computation:

Exponential growth function for population :

P = pe^{rt}

1.5 = 1\times e^{4\times r}

1.5 = e^{4r}

From taking log:

4r = ln(1.5)

r=\frac{ln(1.5)}{4}

8 0
4 years ago
What are the different types of banking institutions
Otrada [13]

Central Banks, Retail Banks, Commercial Banks, Shadow Banks, Investment Banks, Cooperative Banks, Credit Unions.

5 0
3 years ago
Other questions:
  • Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
    14·1 answer
  • What is important to know about yourself when making a career choice?
    6·1 answer
  • According to the humanistic perspective, what motivates individuals
    14·1 answer
  • Everything else held​ constant, an increase in currency holdings will cause A. the money supply to rise. B. checkable deposits t
    7·1 answer
  • The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $485,00
    6·1 answer
  • A channel of distribution is defined as a group of individuals and organizations thata) consumes about one-half of every dollar
    14·1 answer
  • Miriam, the controller, is basically claiming that the company is retaliating against her for being pregnant, and that the fact
    12·1 answer
  • Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks
    5·1 answer
  • When using the gross method, the journal entry to record taking a discount when paying for goods previously purchased on account
    13·1 answer
  • The________________ view of corporate social responsibility is that business should focus on making valuable contributions to so
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!