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mel-nik [20]
2 years ago
12

Let’s suppose you (USA dealer) imported one Earth Equipment machine from German dealer on March 1, 2017 at € 300,000 each, payab

le in 30 days. The exchange rate on March 1, 2017 was 1.16 US$/€. Then you sold the machine in the US market at US$350,000 in cash on March 29, 2017. On April 1, 2017, you paid to Italian car dealer at the exchange rate of 1.19 US$/€. What was profit or loss from this business in terms of US$? (Please assume all costs are included in price.)
Business
1 answer:
Pachacha [2.7K]2 years ago
3 0

Answer:

Loss of $7,000

Explanation:

Cost Price of the Machine

In Germany=€300,000

Exchange Rate on March 1, 2017 was 1.16 US$/€

Cost Price in USA=300,000 X 1.16

=$348000

Selling Price of the Machine

= US$350,000

Amount Paid to the dealer on April 1, 2017 at an Exchange Rate of 1.19 US$/€.

=€300,000X 1.19

=$357,000

Since the Cost Price is greater than the Selling Price,

Loss= C.P - S.P.

Loss =357,000-350000 =$7000.

The dealer made a loss of $7,000.

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Mr. Brown has a real estate company and two branch offices. He goes to the main office on Mondays and Fridays, one branch office
Ymorist [56]

Answer:

It is legal.

Explanation:

A broker is one who acts as an intermediary or agent of the principal and acts on his behalf. There is a tiny difference between real estate agent and a real estate broker even though both are agents. Real estate agents are licensed to seal

real estate transactions which they are paid

commissions(agent fees) for their sales and labour for

brokerages. Brokers are with more experience in the field and

qualified to work as independent agents or employ other agents who will work and be under their supervision. A person can work both as a principal and also as broker or agent depending on the individual's capability. Hence, the above description is legal.

7 0
2 years ago
A consultant hired by your organization has advised your manager to increase his team's cohesiveness. he asks you, "what benefit
Natalija [7]

Answer:

  • <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
  • <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>

Explanation:

Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.

Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.

7 0
2 years ago
Read 2 more answers
Market-skimming prices make sense under the following conditions EXCEPT if ________. a. there is a sufficient number of buyers w
earnstyle [38]

Answer:

c.

Explanation:

the product is a "me-too" and contains no new technology or points of difference

Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time

3 0
2 years ago
Beverly Hills started a paper route on January 1. Every three months, she deposits $550 in her bank account, which earns 8 perce
aleksandrvk [35]

Answer:

Total amount= $12,558.68

Explanation:

Giving the following information:

Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly Four years later, she used the entire balance in her bank account to invest in an investment at 7 percent annually.

First, we need to calculate the total accumulated money after four years with the following formula.

FV= {A*[(1+i)^n-1]}/i

A= deposit= 550

N= 16

i=0.08/4= 0.02

FV= {550*[(1.02^16)-1]}/0.02= 10,251.61

Now, we calculate the second investment:

FV= PV*(1+i)^n= 10,251.62*(1.07^3)= $12,558.68

6 0
2 years ago
Bickford Company plans to sell 135,000 units in November and 180,000 units in December. Bickford's policy is that 10% of the fol
NNADVOKAT [17]

Answer:

$404,000

Explanation:

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Variable Overhead 69,500 x 5 = $347,500

Total Overhead Cost = $347, 500 + $56,500 = $404,000

6 0
2 years ago
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