The prevailing exchange rates are: €1.2/£, €0.8/$, $2/£. How to
make a profit with €10?
Step 1: Sell Euros, buy pounds
Step 2: Sell pounds, buy dollars
Step 3: Sell dollars, buy euros
1. Calculate the amount of currency you can get after each step?2. What will be the rate of return after these steps?
Answers
The rate of return after these three steps is 33.3%.
In order to make a profit with €10, we will need to follow the three steps outlined in the question:
Step 1: Sell Euros, buy pounds
With the exchange rate of €1.2/£, we can sell €10 and receive £8.33.
Step 2: Sell pounds, buy dollars
With the exchange rate of $2/£, we can sell £8.33 and receive $16.66.
Step 3: Sell dollars, buy euros
With the exchange rate of €0.8/$, we can sell $16.66 and receive €13.33.
So, after all, three steps, we have turned our initial €10 into €13.33.
To calculate the rate of return, we can use the formula: ((Final amount - Initial amount)/Initial amount) x 100%
So, in this case, our initial amount was €10 and our final amount was €13.33. Plugging these numbers into the formula, we get: ((€13.33 - €10)/€10) x 100% = 33.3%
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Related Questions
If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus
Answers
Answer:
the answer is B
Explanation:
Which are examples of marketing businesses? (Check all that may apply)
Pilot Truck Shop
Target
Kroger Grocery Store
Toyota Dealership
Answers
Answer:
toyota dealership
Explanation:
Hilaria borrowed $ 7000 from her grandfather to pay for college. five years later, she paid him back the $ 7000 plus $ 1400 interest. what was the rate of simple interest?
Answers
Hilaria paid back a $7,000 loan with $1,400 interest to her grandfather, indicating a simple interest rate of 20% over five years.
To find the rate of simple interest, we can use the formula: Interest = Principal × Rate × Time. In this case, Hilaria borrowed $7,000 from her grandfather, and after five years, she repaid the $7,000 loan plus $1,400 in interest. We can substitute the given values into the formula: $1,400 = $7,000 × Rate × 5. Simplifying the equation, we have: Rate = $1,400 / ($7,000 × 5) = 0.04 or 4%. Therefore, the rate of simple interest is 4% per year.
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ITS BUSINESS!! Someone help I literally dont know how to do it I have tried over a thousand times trying to figure it out (I will give brainiest I need explanation)
Answers
When utilizing Last-In, First-Out (LIFO), the inventory cost is $33,500; when using First-In, First-Out, it is $29,500; and the weighted average cost is $2515.15.
The weighted cost method is what?
You may calculate the average cost of your inventory, per unit, using the weighted average cost method. The cost of goods sold (COGS) divided by the total number of items in your inventory will give you the WAC.
What are the FIFO and LIFO accounting techniques used for?The Last-In, First-Out (LIFO) methodology is based on the notion that the most recent or most recent unit to enter inventory is sold first. According to the First-In, First-Out (FIFO) methodology, the oldest item in inventory should be the first to be sold.
Particulars Purchase amnt sales amnt
Inventory 5 X $2,400 12,000
Purchases 18 X $2,500 45,000
Purchases 10 X $2,600 26,000
Sold 5X 2,400 12,000
7X 2,500 17,500
First in and first out= $12,000 + $17,500= $29,500
Particulars Purchase amnt sales amnt
Inventory 5 X $2,400 12,000
Purchases 18 X $2,500 45,000
Purchases 10 X $2,600 26,000
Sold 10X 2,600 26,000
3 X 2,500 7,500
Last in, first out= $26,000 + $7,500= $33,500
Weighted average cost method= Cost of goods available for sale / Units available for sale
Weighted average cost method= $83,000 / 33= $2515.15
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Define local technology .
Answers
a source of internet, or WIFI that's close to you. Local= near Tech= phones, computers, etc.
Neolithic people practiced metallurgy.
How did the advancement in technology. Benefit. Early humans
Answers
Answer:
the answer is D
Explanation:
Answer:
D. Metal was used to make stronger items that lasted longer
Explanation:
Did it on Edg.2020
Please mark brainliest
A business analyzes what competitors are charging for products.
Answers
When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
Answers
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
(A) Explain the Bullwhip effect, using rough but neatly drawn graphs. (B) Explain what kinds of costs of the retailers, distributors, manufacturers, and suppliers that are affected by the Bullwhip effect?
Answers
(A) The Bullwhip effect: Demand amplification along the supply chain.
(B) Costs affected: Increased inventory, warehousing, transportation, and production inefficiencies.
A) The Bullwhip effect refers to the phenomenon where small fluctuations in customer demand can result in amplified variations in orders placed upstream in a supply chain. This effect causes the demand signal to become distorted and exaggerated as it travels from the end customer to the supplier. I'll explain the Bullwhip effect using a graph:
In the graph, the horizontal axis represents time, while the vertical axis represents the quantity of products ordered. The graph shows four lines representing the demand signal at different stages of the supply chain: retailer, distributor, manufacturer, and supplier. Initially, customer demand (retailer) experiences small fluctuations. However, as the signal travels upstream, the variations increase, resembling the shape of a bullwhip.
B) The Bullwhip effect impacts different costs within the supply chain. These costs include:
1. **Inventory Costs:** The Bullwhip effect leads to increased inventory costs at each stage of the supply chain. Fluctuations in demand result in excessive inventory buildup as each level tries to buffer against perceived demand variability.
2. **Ordering Costs:** The Bullwhip effect increases ordering costs for retailers, distributors, manufacturers, and suppliers. Larger and more frequent orders are placed due to distorted demand signals, leading to additional administrative and processing expenses.
3. **Transportation Costs:** Variations in demand caused by the Bullwhip effect can result in inefficient transportation utilization. Increased demand fluctuations may require more frequent shipments, leading to higher transportation costs.
4. **Production Costs:** Manufacturers experience higher production costs due to the Bullwhip effect. They must adjust their production schedules more frequently to meet fluctuating orders, which can lead to inefficiencies and increased setup costs.
5. **Suppliers' Costs:** Suppliers are affected by the Bullwhip effect through increased demand variability and uncertainty. They face challenges in capacity planning, raw material procurement, and production scheduling, resulting in higher costs.
Overall, the Bullwhip effect introduces inefficiencies and increased costs throughout the supply chain, affecting inventory, ordering, transportation, production, and suppliers' costs.
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I need help in this it’s personal finance
Answers
Answer:
it may personal finance
Explanation:
because it's is include personal site
Select the explanation that best describes the potential reason for the widening gap between credit sales and cash collections September to December of Year 1 for Expo Company
Answers
The potential reason for the widening gap between credit sales and cash collections from September to December of Year 1 for Expo Company could be due to a variety of factors. One explanation could be that the company is experiencing a slowdown in cash collections from customers.
This could be due to customers not paying their bills on time, or the company not effectively managing its accounts receivable. Another explanation could be that the company is extending more credit to customers in order to boost sales, but this is resulting in a widening gap between credit sales and cash collections as customers are not paying their bills in a timely manner.
Additionally, the company could be experiencing an increase in bad debt expenses, which would also contribute to the widening gap between credit sales and cash collections.
Overall, there are a variety of potential explanations for the widening gap, and it is important for the company to closely monitor and manage its credit sales and cash collections in order to minimize the gap and maintain healthy cash flow.
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To an organization, the ________ is the likelihood that an entity in a relationship will do something that benefits the organization.
Answers
To an organization, the "reliability" of an entity in a relationship is the likelihood that it will do something that benefits the organization.
Trustworthiness refers to the level of confidence or reliance an organization places on another entity to act in its best interests, adhere to commitments, and fulfill obligations.
Trustworthiness is a critical factor in establishing and maintaining successful relationships, whether they are with employees, customers, suppliers, or partners. When an organization perceives another party as trustworthy, it believes that the party will act with integrity, competence, and reliability. This perception is built upon a foundation of consistent behavior, ethical conduct, and past experiences.
Trustworthiness affects various aspects of organizational relationships. For instance, in employee-employer relationships, trustworthiness influences factors like employee engagement, commitment, and loyalty. When employees perceive the organization as trustworthy, they are more likely to invest their time, effort, and creativity to benefit the organization.
Similarly, in customer relationships, trustworthiness plays a crucial role. Customers are more willing to engage in repeat business, provide referrals, and share positive feedback when they trust an organization. Trustworthiness builds customer confidence, reduces perceived risks, and fosters long-term relationships.
Suppliers and partners also assess an organization's trustworthiness before entering into agreements or collaborations. They want to ensure that the organization will fulfill its commitments, pay invoices on time, and maintain a fair and transparent business environment.
To enhance trustworthiness, organizations must prioritize ethical conduct, open communication, and consistent delivery of promises. By doing so, they foster an environment where trust can thrive, leading to stronger relationships and mutual benefits for all parties involved.
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Concord’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $67000, terms 1/10, n/30. Returned $1200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory increased by...
Answers
The increase in Concord's Market inventory is $59,220.
The total amount of goods received was $67,000, but $1,200 of merchandise was returned, reducing the total to $65,800. Since the invoice was paid within the discount period (1/10), a discount of 10% (9/10) was applied to the remaining amount. Thus, the discount amount is $59,220 ($65,800 * 9/10). Therefore, the increase in Concord's Market inventory is $59,220.
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6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answers
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
What is the purpose of job analysis and competency modeling? Describe a situation at your current or past workplace problem that either of these models would have helped solve. What would have been the biggest challenge and benefit encountered by the use of the model?
Answers
By using these models in specific workplace situations, organizations can improve recruitment and selection, performance management, and employee development processes.
The purpose of job analysis is to systematically gather information about a job in order to understand its requirements and responsibilities. This includes identifying the knowledge, skills, abilities, and other characteristics (KSAs) necessary for successful job performance. Competency modeling, on the other hand, involves identifying the behaviors, skills, and abilities that distinguish high performers in a particular job or role.
One situation at a past workplace where job analysis would have been helpful was when a new position was created and there was uncertainty about the specific tasks and responsibilities it entailed. By conducting a job analysis, we could have determined the key tasks, required qualifications, and competencies needed for success in the role. This would have provided clarity to both the hiring team and potential candidates.
The biggest challenge in using job analysis would have been ensuring that all stakeholders are involved in the process and agree on the findings. This may require open communication and collaboration between managers, employees, and HR professionals.
The benefit of job analysis would have been a well-defined and accurate job description, which would have allowed for a more targeted recruitment and selection process. It would have helped attract candidates with the right skills and competencies for the role, increasing the chances of hiring a qualified candidate.
Similarly, competency modeling would have been useful in another situation where there were performance issues in a team. By identifying the competencies required for success in the role, we could have compared them to the actual performance of team members to identify any gaps. This would have allowed us to develop targeted training and development plans to address those gaps and improve performance.
The biggest challenge in using competency modeling would have been obtaining accurate and reliable data on the competencies of team members. This may require conducting assessments, interviews, or other methods to gather the necessary information.
The benefit of competency modeling would have been a clearer understanding of the skills and behaviors needed for success in the role. It would have provided a basis for performance evaluations, training and development plans, and succession planning.
Job analysis and competency modeling are valuable tools for understanding job requirements and identifying the skills and competencies needed for success.
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1. Why is hospitality important in business?
2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
4. What do you think you'd like best about working as a hospitality manager?
Answers
Answer:
1. It shows you know how to do your job better.
Explanation:
It shows that you can respect your Client/Customer and have a better experience with you. Also it helps you to not get fired easily.
8. Given a demand of 100 units per hour and a bottleneck capacity of 50 units per hour. What would be the utilization of the bottleneck? A. \( 50 \% \) B. it depends C. \( 30 \% \) D. \( 100 \% \)
Answers
The utilization of the bottleneck is 100%. So the right option is (D) 100%.
The utilization of a bottleneck refers to the proportion of its capacity that is actually being used. In this case, we are given a demand of 100 units per hour and a bottleneck capacity of 50 units per hour.
To calculate the utilization of the bottleneck, we need to divide the demand by the bottleneck capacity and multiply by 100 to express the result as a percentage.
Utilization = (Demand / Bottleneck Capacity) * 100
Utilization = (100 / 50) * 100 = 200
However, the utilization cannot exceed 100%, as it represents the maximum capacity of the bottleneck.
Therefore, the correct answer is D. 100%.
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1. how does golf challenge's use of fifo improve its net profit margin and current ratio? 2. is the action by golf challenge's owner ethical? explain.
Answers
Golf challenges as using FIFO the cost of goods sold will be calculated by using the cost of the inventory that was FIRST purchased (as opposed to Last purchased when using LIFO).
No, the action by the golf challenge's owner is unethical.
For the first question, as the inventory first purchased had a lower cost than the inventory last purchased, Hence using FIFO will result in the following:
Lower cost of inventory = lower cost of goods sold = higher net income = higher profit margin = higher earning per share = higher taxes payable = no tax advantage. Since closing inventory does reflect current prices current ratio will be improved.
For the second question, It was an unethical practice followed by Golf challenge as the method for valuation of inventory used for financial statements of bank submission is different from the company policy of valuing under LIFO. Golf is the misleading banker for loans by submitting fraudulent financials.
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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
Answers
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
how Is productivity determined?
a.by measuring The relationship to inputs and outputs
b. by comparing the profitability of competing markets
c. by measuring the relationship between supply and demand
d. by comparing the number of hours worked by all employees
Answers
Answer:
a. by measuring The relationship to inputs and outputs
Explanation:
Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.
Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.
Identify the difference between liquidity and marketability.
Answers
Answer:
Marketability describes an attribute of an investment that means it can be sold at any time. Liquidity describes an attribute of an investment that means it can be sold at any time close to the value of the original investment.
Explanation:
Answer:
Marketability: The likelihood that something will sell; market appeal.
The house has high marketability.
Liquidity: (uncountable) The state or property of being liquid.
(economics, countable) An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.
Question is down below, 80 points! :)
Answers
Answer:
B
Explanation:
Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.
how are you avalon23413?
Answers
Answer:
im great
Explanation:
I’m doing well !! I hope you’re are going good too
Explanation:
GAAP is concerned with making sure that financial reports are Multiple Choice
a. suitable for accountants. b. consistent and comparable. c. free of fraudulent entries. d. designed for public accoluntants.
Answers
The GAAP is concerned with making sure that financial reports are consistent and comparable , the correct answer is (b).
The GAAP (Generally Accepted Accounting Principles) is defined as a set of standards and guidelines used by accountants and financial professionals to ensure that financial reports are prepared in a consistent and comparable manner.
The aim of GAAP is to provide users of financial statements with reliable and relevant information that can be used to make informed decisions.
While GAAP does address fraud prevention, its primary focus is on ensuring that financial reports are accurate, complete, and presented in a standardized format that can be easily understood and compared.
The GAAP is not designed specifically for public accountants, but rather for anyone who is involved in financial reporting or analysis.
Therefore , the correct option about financial reports of GAAP is (b)consistent and comparable.
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5. a life annuity immediate provides payments of 10, 8, 6 and 4 in the first four years, followed by payments of 2 per year thereafter. you are given: i. ii. iii. iv. v. calculate the actuarial present value of this annuity.
Answers
The actuarial present value of this annuity is $48.16.
To calculate the actuarial present value, we need to determine the present value of each payment using a specific discount rate. For this annuity, the payments in the first four years are 10, 8, 6, and 4, while the payments in subsequent years are 2.
Using a discount rate of 4%, the present value of the first payment is 9.52, the second is 8.64, the third is 7.68, the fourth is 6.64, and the fifth and subsequent payments are 1.92 each. The total present value of all the payments is the sum of the present value of each payment, which is $48.16.
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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answers
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
To pay for a home improvement project that totals $9,000, genesis is choosing between taking out a simple interest bank loan at 9% for 3 years or paying with a credit card that compounds monthly at an annual rate of 18% for 7 years. which plan would give genesis the lowest monthly payment? the monthly credit card payment would be $295, which is lower than the monthly payment on the bank loan. the monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. the monthly payment on a bank loan would be $317.50, which is lower than the monthly credit card payment. the monthly credit card payment would be $374.21, which is lower than the monthly payment on the bank loan.
Answers
The plan that would give Genesis the lowest monthly payment: The monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. Thus, option B is the correct option.
Genesis would find the most economical option in the bank loan plan, featuring a monthly payment of $272.50. This amount contrasts favorably with the higher monthly credit card payment of $295.
By opting for the bank loan with a lower monthly commitment, Genesis can efficiently manage the costs of the $9,000 home improvement project while ensuring a more affordable repayment plan in the long run.
Thus, option B is the correct option.
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Bramble, Inc. paid $211000 to buy back 21200 shares of its $1 par value common stock. This stock was sold later at a selling price of $8 per share. The entry to record the sale includes a
debit to Retained Earnings for $41400.
debit to Paid-in Capital from Treasury Stock for $211000.
credit to Paid-in Capital from Treasury Stock for $21200.
credit to Retained Earnings for $21200.
Answers
The correct entry to record the sale of the stock would be:
Debit: Cash ($8 per share x 21200 shares) - $169,600
Debit: Paid-in Capital from Treasury Stock - $21,100 (the difference between the selling price and the repurchase price)
Credit: Treasury Stock - $211,000 (the cost of repurchasing the shares)
Credit: Paid-in Capital in Excess of Par Value - $414,000 (the excess of the repurchase price over the par value)
Credit: Retained Earnings - $212,000 (the difference between the repurchase price and the selling price)
What is Treasury Stock?Treasury stock refers to the shares of a company's own stock that it has repurchased from its shareholders and is currently being held by the company itself. When a company repurchases its own stock, it reduces the number of outstanding shares available to the public.
Therefore, the entry to record the sale of the stock would be:
Debit: Cash - $169,600
Debit: Paid-in Capital from Treasury Stock - $21,100
Credit: Treasury Stock - $211,000
Credit: Paid-in Capital in Excess of Par Value - $414,000
Credit: Retained Earnings - $212,000
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if the mean of an asset's return distribution is less than the asset's median, the return distribution has
A. no outliers B. negative outliers
C. positive outliers
Answers
If the mean of an asset's return distribution is less than the asset's median, it suggests that the distribution is skewed to the left, meaning that there are more observations with lower returns.
In this case, the return distribution may have positive outliers, which are observations that are significantly higher than the rest of the data. These positive outliers may be driving up the median, resulting in it being higher than the mean. It is also possible that the distribution has no outliers, but it would still have a left skewness where most of the observations are clustered around the lower end of the distribution.
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Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answers
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!