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2 years ago

9

LoRider Wheels sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople

and an excellent service department. All of these elements are part of the ___________ offered by LoRider.

1 answer:

elena-14-01-66 [18.8K]2 years ago

6 0

The answer is a part of the total product offered by LoRider.

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Consider a basket of consumer goods that costs $90 in the United States. The same basket of goods costs CNY 105 in China.

stiv31 [10]

Answer:

The real exchange rates that would result from the two nominal exchange rates are:

For the first row in the table RER is <u>6</u>.

For the second row in the table RER is <u>9</u>.

Note: See the attached excel file for the table.

Explanation:

Note: The table in the question is merged together. It is therefore sorted before answering the question. See the attached excel file for the sorted table.

The answer to the explanation to the answer is now provided as follows:

The real exchange rate (RER) between the the currencies of two counties can be described as the multiplication of the nominal exchange and the ratio of baskets of goods between these two countries.

RER can can therefore be calculated using the following formula:

RER = (e * P*) / P ................................. (1)

Where, from the question;

e = Nominal exchange rate or Yuan per dollar

P* = Cost of Basket in U.S (Dollars)

P = Cost of Basket in China (Yuan)

For the first row in the table:

e = Nominal exchange rate or Yuan per dollar = 7

P* = Cost of Basket in U.S (Dollars) = $90

P = Cost of Basket in China (Yuan) = 105

Substituting the values into equation (1), we have:

RER = (7 * 90) / 105

RER = 630 / 105

RER = 6

For the second row in the table:

e = Nominal exchange rate or Yuan per dollar = 10.50

P* = Cost of Basket in U.S (Dollars) = $90

P = Cost of Basket in China (Yuan) = 105

Substituting the values into equation (1), we have:

RER = (10.50 * 90) / 105

RER = 945 / 105

RER = 9

4 0

2 years ago

A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company

san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

= $17,500 - $500

= $17,000.

4 0

2 years ago

Tracing the path of the organizational chart of a company that shows who answers to whom is said to be following the _______ cha

Zinaida [17]

The answer is formal. hope that helped

4 0

2 years ago

Read 2 more answers

Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a pr

diamong [38]

Answer:

a. Metal used for rims: Product - DM- Prime

b. Sales salaries: Period - Selling

c. Rent on factory: Product - MOH - Conversion

d. Wages of assembly workers: Product - DL - Prime - Conversion

e. Salary of production supervisor: Period - Admin

f. Depreciation on office equipment: Period

g. Salary of CEO: Period - Admin

h. Delivery expense: Period - Selling

Explanation:

- Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

- Direct labor is production or services labor that is assigned to a specific product, cost center, or work order.

- Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

- Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

- Product costs are the direct costs involved in producing a product. A manufacturer, for example, would have production costs that include: Direct labor, Raw materials, Manufacturing supplies, Overhead that's directly tied to the production facility such as electricity.

- Prime cost= direct material + direct labor

- Conversion cost= direct labor + MOH

I<u>n this exercise:</u>

a. Metal used for rims: Product - DM- Prime

b. Sales salaries: Period - Selling

c. Rent on factory: Product - MOH - Conversion

d. Wages of assembly workers: Product - DL - Prime - Conversion

e. Salary of production supervisor: Period - Admin

f. Depreciation on office equipment: Period

g. Salary of CEO: Period - Admin

h. Delivery expense: Period - Selling

8 0

2 years ago

What media format reaches more people than television during the hours of the workday?

nignag [31]

Radio.

Newspapers, only a select people buy them, skywriting only reaches a small amount of people, and many people do not read magazines during workdays. However, radio is effective because most people most likely listen to it before work.

8 0

2 years ago

Read 2 more answers