The Russian ruble/euro cross rate is Rbl 40.91/euro
The amount of Russian ruble that 15,000 euros can be converted to based on the cross exchange rate is Rbl613,650.00
What is cross rate?
The Russian ruble/euro cross rate is the amount of Russian ruble that exchanges hands for one Euro , which can be computed by multiplying the Ruble/Dollar rate by the Dollar/Euro rate, which eliminates US dollar, since the dollar numerator in exchange rate cancels the dollar denominator in the other exchange rate.
Russian ruble/euro cross rate=Rbl 30.96/$1*$1.3214/euro
Russian ruble/euro cross rate=Rbl 40.91/euro
The amount of Rubles that can be obtained from 15,000 euros is determined as the total amount the traveler multiplied by the Russian ruble/euro cross rate
Amount in rubles=Rbl 40.91*15,000
Amount in rubles=Rbl613,650.00
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Full question:
For your post-graduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes.
Dollar/Euro rate - $1.3214 per euro
Ruble/Dollar rate - Rbl 30.96 per dollar
a. What is the Russian ruble/euro cross rate?
b. How many rubles will you obtain for your euros?
Importance of allocating duties and responsibilities to a procurement staff
Procurement officers are responsible for assessing suppliers, products, and services, negotiating contracts, and guaranteeing that approved acquisitions are both high-quality and competitively priced.
A procurement officer's responsibilities include managing the staff and all activities within the purchasing department. the creation of plans for the purchase of goods, services, and equipment. following and respecting the procurement policies of the firm.
Keeping records of procurement officers' qualifications, delivery timelines, product offerings, etc. up to date. maintaining favorable supplier connections and contract negotiations. Examining and research prospective suppliers making budgets, reports, and cost analyses.
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During the year, the company produced and sold 40,000 units of product at a selling price of $14.43 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin for the year
Answer:
$392,200
Explanation:
Calculation for the contribution margin for the year
Using this formula
Contribution Margin= Sales-Variable costs
Let plug in the formula
Contribution Margin=(14.43 per unitsx 40,000 units) - $185,000
Contribution Margin=$577,200-$185,000
Contribution Margin=$392,200
Calculation for variable costs
Manufacturing $114,000
Marketing: 31,000
Administrative: 40,000
Total variable costs=$185,000
Therefore the contribution margin for the year will be $392,200
Automobiles and many other products are differentiated. As a result Group of answer choices the quality of imported automobiles is less than it could be.
The available options are:
A) we see countries specializing completely in the production of automobiles.
B) the quality of imported automobiles is less than it could be.
C) different countries may each have a comparative advantage in producing different types of automobiles.
D) consumers of automobiles have difficulty deciding what type of imported automobile to buy.
Answer:
C) different countries may each have a comparative advantage in producing different types of automobiles.
Explanation:
According to the principle of comparative advantage, Automobiles and many other products are differentiated. As a result of "different countries may each have a comparative advantage in producing different types of automobiles."
This is evident in the fact that some countries may have a comparative advantage to produce Trucks than cars, while some may have a comparative advantage in producing caterpillar than Trucks.
This is also similar in a variety of other products. The comparative advantage could be based on raw materials, expertise, climates, etc.
Again, Inc. bonds have a par value of $1,000, a 25 year maturity, and an annual coupon rate of 8.0% with annual coupon payments. The bonds are currently selling for $868. The bonds may be called in 6 years for 108.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible?
a) 9.39%
b) 12.21%
c) 13.42%
d) 10.13%
e) 8.30%
Answer:
b) 12.21%
Explanation:
The computation of the quoted annual rate of return is shown below:
Given that
Future value = $1,000 × 108% = $1,080
Present value = $868
NPER = 6 years
PMT = $1,000 × 8% = $80
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the annual rate of return is 12.21%
Therefore the correct option is b.
How do you evaluate a credit report? What specific problem areas did you notice in the sample credit report? What credit score would you give this person, and what suggestions would you make to help him improve his credit score?
1. To evaluate a credit report objectively, one must study and analyze the following information:
Personal details of the customerCredit summaryInquiries made on the customerForeclosures and repossessionsPublic records on bankruptcies.2. The specific problems that one can notice in a sample credit report are in the areas of credit summaries, foreclosures, and bankruptcies.
3. The simple suggestions for improving a person's credit score include:
Checking credit reports regularlySetting up automatic bill paymentsDrastically reducing overall debtsNot rushing to close old accountsRefrain from requesting too much credit.What is a credit report?A credit report is a periodic summary of one's credit activities and current credit situation.
A credit report includes credit repayment history and the statuses of credit accounts.
Potential lenders and creditors use credit reports to assess whether to offer more credit and terms.
Thus, regular evaluation of a credit report ensures accurate and complete credit information.
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Your manager has asked you and several colleagues to brainstorm ideas for better addressing the challenges and opportunities of today’s workforce. Which of the following issues will you and your colleagues be thinking about?
Resilience to severe economic shocks, such as the one experienced in 2007–
2008, and general economic uncertainty
Increased diversity, including but not limited to gender and ethnicity
The role of quality in providing value to customers and reducing costs
Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects
Answer:
Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects
Additional information:During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answer:
Note: The full question is attached as picture below
Statement of cash flow - Pharaoh Company
Cash Flows From Operating Activities
Net Income $780
Adjustment
Depreciation Expenses $130
Gain On Sale Of Investment -$70
Increase In Receivable -$470
Decrease In Inventories $240
Increase In Accounts Payable $280
Decrease In Accrued Liabilities -$70
$40
Net Cash From Operating Activities $820
Cash Flows From Investing Activities
Sale Of Long Term Investment $190
(1400-1280)+70
Purchase Of Plant Assets -$190 $0
Net Cash Used Investing Activities $0
Cash Flows From Financing Activities
Repayment Of Bonds Payable -$140
Issue Of Common Stock $210
Payment Of Dividends -$260
Net Cash From Financing Activities -$190
Net Increase In Cash And Cash Equivalents $630
Beginning Cash Balance $1,130
Ending Balance $1,760
A logistic company determined the distance traveled per truck per year follows a normally distribution with a mean of 50 thousand miles and a standard deviation of 12 thousand miles. Answer the following questions:
At least 80% of the trucks will log 39.9006 thousand miles by following normal distribution.
What is standard normal distribution?
A specific instance of the normal distribution is the standard normal distribution. It is the distribution that develops when the mean and variance of a normal random variable are both equal to one. Standardizing is the process of changing a normal distribution into a standard normal distribution. The following equation can be used to get Z's value:
Z=x-mu/sigma
X ∼ N (50,12²)
Below is a list of how many miles at least 80% of the trucks have driven:
P(X≥x)=P(Z≥x−50/12)
1−P(Z<x−50/12)=0.80
P(Z<x−50/12)=0.20 .
The standard normal distribution table can be used to determine Z's value.
x−50/12=−0.84612
X=−0.84612×12+50
=39.9006
Therefore, at least 80% of the trucks will log 39.9006 thousand miles.
X ∼ N (50,10²)
Below is a list of how many miles at least 80% of the trucks have driven:
P(X≥x)=P(Z≥x−50/10)
1−P(Z<x−50/10)=0.80
P(Z<x−50/10)=0.20 .
The standard normal distribution table can be used to determine Z's value.
x−50/10=−0.84612
X=−0.84612×10+50
=41.5388
If the standard deviation is 10.0, then at least 80% of the vehicles will cover 41.5388 thousand kilometers.
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Complete question:
Explain why full employment does not mean 0% unemployment
What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the risk-free rate is 3% and the expected market return is 10%?A. $69.44 B. $33.33 C. $32.05 D. $72.22
Answer: $32.05
Explanation:
Beta = 0.7
Dividend = $1.25
Growth rate = 4%
Risk free rate = 3%
Market return = 10%
Since, Required return = risk free rate + beta × (market rate - risk free rate)
We will then slot in the values and.this will be:
= 3% + 0.7 × (10% - 3%)
= 3% + (0.7 × 7%)
= 3% + 4.9%
=7.9%
The price of the stock will then be:
= D1/(Required return-Growth rate)
=1.25 / (0.079 - 0.04)
= 1.25 / 0.039
= $32.05
Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the valuation model is adjusted accordingly.
Assume that a $4,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 3%. The yield to maturity of the bond is 7.60%. Using this information and ignoring the other costs involved, the value of the Treasury note s $2 9 S,38230 ▼ Based on your calculations and understanding of semiannual coupon bonds, complete the following statements Assuming that interest rates remain constant over the life of the note its price should
The T-note described is currently selling at a discount ▼ be expected to formula is assumed to have a value of ▼ as the T-note approaches maturity , when valuing a semiannual coupon bond, the time period (N) in the present value periods ー Grade It Now Save & Continue Continue without saving
Answer:
market value of treasury notes
PV of face value = $4,000,000 / (1 + 3.8%)⁶ = $3,197,981
PV of coupon payments = $120,000 x 5.27644 = $633,173
market value = $3,831,154
the T-note is being sold at a discount since the YTM is higher than the coupon rate. As the bond approaches maturity, its market value should increase.
An assembly line consists of 21 tasks grouped into 5 workstations. Each task consumes 4 minutes. The largest assigned cycle time is 20 minutes. The efficiency of this line is about ____ %.
Answer:
84%.
Explanation:
A task consumes 4 minutes
21 tasks consumes = 21 task * 4 minutes = 84 minutes
No of Workstation = 5
Cycle time = 20
Efficiency = Total task time / (Cycle time * Number of workstations)
Efficiency = 84 /(20*5)
Efficiency = 84 / 100
Efficiency = 0.84
Efficiency = 84%
Thus, the efficiency of this line is 84%.
Monitoring Central Bank Intervention1) How can your business be affected if the Fed attempts to strengthen the dollar in the for-eign exchange market?2) If the Fed decides to weaken the dollar, how will your business be affected?3) How can indirect central bank intervention affect your business even if there is no impact on exchange rates?
Answer:
1) if the FED decides to strengthen then dollar, it will make US exports more expensive and imports cheaper. That will cause net exports to decrease, i.e. there will be less exports and more imports.
A strengthening of the US dollar helps importing companies because they will buy cheaper goods from abroad and will be able to sell them at higher domestic prices. On the other hand, exporting companies will be hit because hey loss competitiveness since their products will be more expensive.
2) If the FED decides to weaken the US dollar, the opposite will happen. Exporting companies will be favored, while importing companies will be hurt. The country will start to export more and import less.
3) Generally, the FED intervenes market through its money supply policy. When the interest rate increases or the money supply increases, the value of the US dollar will tend to lower. Even if expansionary monetary policy doesn't have an immediate impact, the expectations do matter. If people expect a devaluation of the US dollar, they will start to buy foreign currencies, which in turn will end up devaluating the US dollar. It is a self-fulfilled prophecy.
Another way the FED impacts businesses is through the interest rate. Lower interest rates will increase both domestic and foreign investment in the US.
Under what conditions do you think the U.S. dollar might weaken against other major currencies (i.n. the euro, yen and yuan)
Answer:
In simple words, Currency depreciation relates to the decrease in the worth of the dollar compared to some other economy in the sense regarding U.S. dollar. The weakening of the US dollar will lead to a number of economic variables. They include fiscal system, increasing rates or rising prices, currency request, economic development, and rates for exports.
Stock prices and stand-alone risk You invest $100,000 in 40 stocks, 20 bonds, and a certificate of deposit (CD). What kind of risk will you primarily be exposed to?
a. Portfolio risk
b. Stand-alone risk
Generally, investors would prefer to invest in assets that have: _________.
a. A high level of risk and low expected returns
b. A low level of risk and high expected returns
Answer and Explanation:
The risk that primarily be exposed is portfolio risk as the portfolio risk is the risk in which the risk is associated with the overall portfolio. On the other hand the stand alone risk is the risk that is associated with the single one only.
Since in the given situation, there is a different type of investment this represents that this is a portfolio risk
The investor always prefer for less level of risk and the high expected return in order to maximize the investment return with lesser risk level
At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $52,000 for
accounts receivable. During January, the company collected $14,800 from customers on account and provided additional
services to customers on account totaling $12,500. Additionally, during January one customer paid Thomas $5,000 for services
to be provided in the future. At the end of January, the balance in the accounts receivable account should be:
Answer:
$49,700
Explanation:
Opening balance for accounts receivable: $52,000
Add services provided on account : $12,500
total due from customers : $64,500
less payment received : $14,800
Closing balance : $49,700
The amount received as prepayment is not a receivable but a liability. Receivable refers to money owed to a business by customers for goods or services delivered by payment has not been made.
A process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences is called:
Answer:
Variance analysis
Explanation:
Variance analysis is a term that described the measuring control method often utilized by business management to evaluate and determine the quantitative disparity between the planned and the eventual outcome of the firm's budget and sales.
Hence, in this case, it can be concluded that VARIANCE ANALYSIS is a process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences
A cash advance loan with very high interest that must be repaid in two weeks in an example of:
A. A short-term loan.
B. A long-term loan.
C. Alternative financing.
D. A line of credit.
Answer is: C. Alternative financing
Answer: Alternative financing
Explanation: Just took the test
Carefully set sales territories A) can reduce travel time but increase costs. B) can reduce confusion about who has responsibility for a set of sales tasks. C) always include at least one metropolitan area. D) always reduce the cost of sales calls. E) can increase travel time while reducing costs.
Answer:
B) can reduce confusion about who has responsibility for a set of sales tasks.
Explanation:
The carefully set sales territories reduce the confusion with respect to the responsibility for setting out the selling task
Therefore as per the given situation, the option B is correct as it fits to the situation
Thus, all the other options are incorrect
Hence, the option B is correct
Why calculating the unit price of an item is useful when buying?
It helps you to check if the price is correct.
It helps you determine the best offer.
Helps you locate items in the store.
Determine if a coupon can still be used.
Outline the initiatives that Woolworths have chosen, use to lessen their impact on environment.
McFerrin runs a manufacturing business. His company uses animal skin as raw material to manufacture leather products, such as bags and belts. Last week, the state government passed a new law considering the sentiments of environmental activists and animal lovers. The law bans the use and sale of leather entirely. How will this situation affect McFerrin’s business?
A.
affect his purchase of raw material
B.
affect the release of funds from banks
C.
affect the sale of goods out of United States
D.
affect the sale prices of goods
Answer:
I am pretty sure that your answer will be C. affect the sale of goods out of the U.S
Explanation: Because if you think about it, him not being able to use and sale the leathers is going to affect everyone in the long run, because he is a manufacturer, and probably manufactures to a lot of companies.
Answer:
A,
Explanation:
The Question states STATE government not federal. Automatically canceling C. The law put in place bans SALE AND USE of leather so he can not get access to leather hides let alone turn them into products to sell. Therefore affecting his purchase of raw materials.
You place three orders for 100 soccer balls which cost $22 per ball. Receive all 300 ball. There is a delivery charge for $20 per order. What is your average cost per ball including delivery charges
Answer:
It should be $22.20
Explanation:
If you do 22 x 100 you get 2200 and add the $20. Then you divide 2220 by 100 and get $22.20.
relationship between risk and return
Answer:
Generally, the higher the potential return of an investment, the higher the risk. There is no guarantee that you will actually get a higher return by accepting more risk. Diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.
When compared to married couple retirement households, single retirees have ________ household income.
a. less than half
b. less than one third
c. double
d. relatively the same
Answer:
a. less than half
Explanation:
Single retirees tend to have less than half of the household income as married couple retirement households. This is mainly due to the fact that married couples have two complete retirement incomes coming in every month. One for each individual in the relationship, many times one individual in the relationship is making much more in retirement than their spouse. Therefore, a single retiree would have less than half since they are alone and only getting one retirement check, so if they worked in the same field as the married couple they would still only be getting half of what the married couple make.
The expected return on the market portfolio is 19%. The risk-free rate is 10%. The expected return on SDA Corp. common stock is 18%. The beta of SDA Corp. common stock is 1.70. Within the context of the capital asset pricing model, _________. rev: 10_23_2013_QC_37809
Answer:
-0.073
Explanation:
Calculation for the context of the capital asset pricing model
Using this formula
Capital asset pricing model=Expected return o Common stock-[Risk-free rate+ Beta of common stock (Market portfolio-Risk-free rate)]
Let plug in the formula
Capital asset pricing model=0.18 - [0.10 + 1.70(0.19 - 0.10)]
Capital asset pricing model =0.18 - [0.10 + 1.70(0.09)]
Capital asset pricing model=0.18 - (0.10 + 0.153)
Capital asset pricing model =0.18 - 0.253
Capital asset pricing model=-0.073
Therefore the context of the capital asset pricing model will be -0.073
If I have a choice to buy a sweater and a new pair of pants and I choose the sweater, my opportunity cost is
Answer:
The new pair of pants
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up. Hence, you gave up the option to buy the pair of pants in favor of buying the sweater.
When Auto-Manufacturing Company designed a 6-month e-mail campaign, it included several customer offers that increased in value over time. This is an example of:_________.
A. Content marketing
B. The bounce rate
C. Content optimization
D. Exclusive deals
E. A drip campaign
Answer: a drip campaign
Explanation:
The example used by Auto-Manufacturing Company in the above scenario is a drip campaign.
Drip marketing is refered to as an email marketing strategy whereby several mails are sent out to customers at a particular time period. It is used to keep in touch with the customers and also nurture leads.
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?
Answer: $88289.8
Explanation:
Here's the complete question:
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?
The future value of an annuity will be calculated using the formula:
= A((1+r)^n)-1)/r
Where,
A = the annuity payment = 3500
r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375
n = the number of time periods = 4 × 5 = 20
We then substitute the values and we will get:
= A((1+r)^n)-1)/r
= 3000 × (1.02375^20-1) / 0.02375
= $88289.8
LePage Co. expects to earn $2.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $24.75 per share. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred.
What would be the cost of equity from new common stock(re)?Cost of Retained Earnings Common Equity (rs) = .Cost of Newly Issued Common Stock (re) = .
Answer and Explanation:
The computation is shown below:
As we know that
Current price (Po) = Expected Dividend ÷ (Cost of Retained Earning - growth rate)
where,
Expected Dividend is
= $2.50 × 65% × 1.06
= $1.7225
The Current price is $24.75
And the growth rate is 6%
So,
Cost of Retained Earning is
= $1.7225 ÷ 24.75 + 0.06
= 12.96%
Now the cost of equity from the common stock is
But before that the current price after floatation cost is
= Expected Dividend ÷ (Cost of Newly Issued Common Stock - growth rate)
where,
Expected Dividend is
= $2.50 × 65% × 1.06
= $1.7225
The Current price after floatation Cost is
= $24.75 - 10% × $24.75
= $22.275
The growth rate is 6%
Now
Cost of Newly Issued Common Stock is
= $1.7225 ÷ $22.275 + 0.06
= 13.73%