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
densk [106]
4 years ago
12

5. Deutsche Bank quotes bid–ask rates of $1.3005/€ - $1.3007/€ and ¥104.30 - 104.40/$. What would be Deutsche Bank’s direct aski

ng price of yen per euro?
Business
1 answer:
Sav [38]4 years ago
8 0

Answer:

¥135.79/€

Explanation:

The computation of the direct asking price of yen per euro is shown below:

Direct asking price = Bid-ask rate of Euro × Bid-ask rate of Yen

                               = $1.3007/€ × 104.40/$

                               = ¥135.79/€

We simply multiplied the bid-ask rate of Euro and the bid-ask rate of yen so that the approximate asking price could come.

You might be interested in
Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
PIT_PIT [208]

Answer: $16.60

Explanation:

The following information can be gotten from the question:

Total common equity = $4,050,000 Shares of stock outstanding = 265,000

Net Income = $450,000

Dividends = $100,000

Based on the information given, the book value per share will be calculated as:

(Total common equity + Net income - Dividends) / Outstanding shares

= ($4,050,000 + $450,000 - $100,000) / 265,000

= $4,400,000 / 265,000

= $16.60

6 0
3 years ago
Relevant costs for target costing include:
Firdavs [7]

Answer:

Correct answer is D. All future costs, both variable and fixed

Explanation:

In target costing, all future costs both variable and fixed costs are relevant. This is for us to clearly determine the desired profit that the company wants to attain. The process of costing is to determine all future costs that the company will possibly incur in the production and add it to the desired profit margin to know the unit sales price of the product.

5 0
3 years ago
Downs Tax Planning Service bought communications equipment for $9,600 on January 1, 2017. It has an estimated useful life of fiv
MaRussiya [10]

Answer:

$960

Explanation:

For computing the accumulated depreciation, first we have to compute the depreciation expense which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($9,600 - $0) ÷ (5 years)

= ($9,600) ÷ (5 years)  

= $1,920

This is a full year depreciation but we have to find out for June 30,2017 i.e 6 months

= $1,920 ÷ 12 months × 6 months

= $960

The same is recorded as an accumulated depreciation

3 0
3 years ago
A company buys equipment for $48,000, expects to use it for ten years, and then sell it for $6,000. using the straight-line meth
Vesnalui [34]

Using the straight-line method, the company should report annual depreciation for the equipment of $4,200.

Given,

A company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

The formula to calculate annual depreciation is given below-

Annual depreciation = (Original cost - salvage value) / Estimated life(years)

Annual depreciation = ($48,000 - $6,000) / 10

Thus, annual depreciation = $4,200

A standard yearly rate at which depreciation is charged to a fixed asset is called annual depreciation. Thus, to calculated depreciation the straight-line method is used. Where you need to subtract the asset's salvage value from its cost.

To learn more about annual depreciation here:

brainly.com/question/27971176

#SPJ4

3 0
2 years ago
On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE
Alja [10]

Answer:

True

Explanation:

The correct answer is - True

Reason -

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.

The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.

5 0
3 years ago
Other questions:
  • The cost of an asset is $ 1,020,000​, and its residual value is $ 100,000. The estimated useful life of the asset is ten years.
    7·1 answer
  • Which of the following is a product that is considered a commodity?
    8·2 answers
  • The optimum approach for escalation is based on a thorough integration of the monitoring process into the
    10·1 answer
  • You just received a $5,000 gift from your grandmother. You have decided to save this money so that you can gift it to your grand
    9·1 answer
  • A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be run
    8·1 answer
  • A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
    5·1 answer
  • The Labor-Management Reporting and Disclosure Act (Landrum-Griffin Act) was designed to protect the rights of individual union m
    15·1 answer
  • What happens when supply exceeds demand?
    9·1 answer
  • 10. The Kokorapolus's are married and are filing a joint tax return. Their gross income is $35,836. They are claiming $1,000 in
    15·1 answer
  • Question 1<br> What is the most important question you should have after seeing this ad about a check cashing business?<br> Why
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!