Answer:
2.3925
Explanation:
The computation of the Mexican pesos is shown below:
= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone
= (1.65 × 10.875 ÷ 7.5)
= 2.3925 Mexican pesos
Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come
Answer:
The Journal entry is as follows:
On July 1,
Cash A/c Dr. $439,200
Finance charge Expense A/c Dr. $10,800
To Financing arrangement A/c $450,000
(To record the amount of borrowings)
Workings:
Finance charge expense = ($600,000 × 1.8%)
= $10,800
So, cash account = $450,000 - $10,800
= $439,200
The principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job.
<h3>What is opportunity cost?</h3>
It is the value or benefit loss when an alternative is selected. The value of the job or product to be dropped will be given up to choose something else.
Therefore, the principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job because of the benefits that will be forgone in the current Job.
For more details on opportunity cost kindly check
brainly.com/question/1549591
