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
jenyasd209 [6]
2 years ago
14

Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of

Spam costs 4 dollars in Ectenia and 24 pesos in Wiknam. What is the exchange rate between Ectenian dollars and Wiknamian pesos
Business
1 answer:
Y_Kistochka [10]2 years ago
5 0

Answer:

the exchange rate between two different currency is  6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of  spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is  6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

You might be interested in
If a country were to place a limit on the number of cars that could be imported in a year, it would be an example of what kind o
gizmo_the_mogwai [7]
Subsidy imported. trade regulation
6 0
2 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Ugo [173]

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷  30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

5 0
3 years ago
Bagels and cream cheese are complementary goods. The price of flour, used to make bagels, has fallen. As a result, the equilibri
statuscvo [17]

Answer: When the price of the flour falls, the equilibrium price of the cream rises and the equilibrium quantity of the cream cheese also rises

Answer A is correct

Explanation:

if flour is cheaper, bagels are chepear so demand increases and both equilbrium price and equilibrium quantity rises

8 0
2 years ago
Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and
love history [14]

Answer:

The statement is false

Explanation:

The economy in 1933 had negative investment, but that doesn't mean that it didn't produce any capital goods during the year.

A negative net investment means that the money invested in new capital goods was less than the depreciation of existing capital goods. Theoretically it can also result form no new capital gains, but in real life that doesn't happen.

6 0
3 years ago
Carol sees a beautiful dress in a store window. she says to the salesperson, "if my boyfriend asks me to attend the prom, i will
Zepler [3.9K]
Yes and no.the store will hold the dress for a certain amount of time before letting go.although whether the store really holds it would be most likely no<span />
7 0
3 years ago
Other questions:
  • After decreasing Nominal &amp; Real GDP, the Federal Reserve will_______.
    15·1 answer
  • On December 28, 2021, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communication
    5·1 answer
  • Thirty-five percent of the world's commercial energy is produced from _______.
    9·1 answer
  • Why are capital appreciation bonds (CABs) a controversial way for local governments to finance projects?
    6·1 answer
  • When quantity supplied equals quantity demanded, there is a(n): a. equilibrium, and the price will not change. b. surplus, and t
    8·1 answer
  • James purchased liability insurance with a $100,000 limit from insurer A. To add more coverage, he bought a second liability pol
    10·1 answer
  • _____ demands create expectations that may be hard to reconcile or satisfy.
    5·1 answer
  • Girlcome 5324611502 <br>p:1234​
    8·1 answer
  • Which of the following is NOT a benefit of putting money in a savings account?
    8·1 answer
  • A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 fo
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!