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Lelu [443]
2 years ago
7

Suppose that Cambodia becomes the next popular tourist destination. You notice that hotels, restaurants, and other services cost

much less there than in the United States. If the exchange rate is defined as number of riels per dollar, the real exchange rate is:________.
a) 0.
b) 1.
c) greater than 1.
d) less than 1.
Business
1 answer:
Leokris [45]2 years ago
8 0

Answer:

c) greater than 1.

Explanation:

Cambodia is a southeast country in Asia. It is a beautiful country. It is very famous for the largest Hindu temple in the world, the Angkor Wat.  

The real exchange rate or RER in finance is defined as the currency of one country will be exchange for the currency of another country. It is the value of the currency of one country in comparison to the other country's currency.

In the context, the real exchange rate of Cambodian riel will be greater than 1 as the value Cambodian riel is much lower than U.S. dollar.

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Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

3 0
3 years ago
The core power of personal selling, and primary source of its persuasiveness, draws from the opportunity sales people enjoy to:
hjlf

Answer:

listen to prospects and customers                        

Explanation:

Personal marketing takes place when a salesperson interacts with a prospective customer to make a deal.

Personal selling could be described as ' the system of individual-to-individual contact between a salesman and a potential consumer, where the prior discovers about the desires of the consumer and tries to meet those needs by giving the client the opportunity to purchase anything of interest, such as goods or services.

word can also be utilized to describe the state where a corporation employs a sales team as among the primary ways in which it interacts with consumers.

8 0
2 years ago
You are writing a feasibility report about the possibility of an office site in Cambridge consolidating with your Boston site. W
spayn [35]

Answer:

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

How a feasibility report should be written:

1. Write a Project Description. At this step, you need to collect background information on your project to write the description. ...

2. Describe Possible Solutions. ...

3. List Evaluation Criteria. ...

4. Propose the Most Feasible Solution. ...

5 Write a Conclusion.

Explanation:

The feasibility report will look at how a certain proposal can work on a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.

A feasibility report is a document that assesses potential solutions to the business problem or opportunity and determines which of these are viable for further analysis.

3 0
2 years ago
Which of the following is not a true statement about "demand"?
Afina-wow [57]

Answer:

Demand is the same as quantity demanded.

Explanation:

3 0
3 years ago
The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called:
Bess [88]

Answer:

b. the Columbian Exchange.  

Explanation:

The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called the Columbian Exchange.

The Columbian exchange or interchange, refers to the monumental flow of humans, plants and animals between the continents of North and South America and West Africa; and was named after Christopher Columbus.

The Columbian interchange has been documented to have taken place in the in the 15th and 16th centuries: also referred to as 'the old world'

6 0
3 years ago
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