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diamong [38]
2 years ago
15

After graduating with a degree in business from eastern university in campus town, usa, michael woods realized that he wanted to

remain in campus town. after a number of unsuccessful attempts at getting a job in his discipline, michael decided to go into business for himself. in thinking about his business venture, michael determined that he had four criteria for the new business:
Business
1 answer:
777dan777 [17]2 years ago
6 0
First, he wanted to do something he enjoyed.

second, he wanted a business that would give back tot he community.

third, he wanted a business that would grow and be more successful every year.

fourth, realizing that he was going to have to work very hard, Micheal wanted a business that would generate a minimum income of 25,000 annually.
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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
Brown Company purchased equipment in 2011 for $150,000 and estimated a $10,000 salvage value at the end of the equipment's 10-ye
vazorg [7]

Answer:

The journal entry for disposal of equipment will be as follows;

Explanation:

Accumulated Depreciation          Dr.$98,000

Cash                                              Dr.$40,000

Loss on disposal (150-98-40)       Dr.$12,000

Equipment                                    Cr.$150,000

4 0
2 years ago
Read 2 more answers
Ruben is the chief executive officer of a multinational corporation. He manages 15 teams, and the leaders of each team report to
lys-0071 [83]

Answer:

D) bureaucratic control

Explanation:

It seems that in this scenario, Ruben is using bureaucratic control. This term refers to the use of various different rules, policies, authority, documentation, reward systems, and even other formal methods in order to convince and control employee behavior and performance. Which is what Ruben does with his teams of employees by rewarding them if they perform well and taking away their earned leaves if they perform badly.

5 0
2 years ago
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
Alina [70]
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?


 The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.


2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624 
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest

So, the answer will be the A $624.


3. What is the total amount that Sherri (in question number 2) will repay?

The correct answer will be the $3,824.


7 0
2 years ago
A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso
densk [106]

you'll have 59.2% profit margin (148,000)

can i get brainlist

8 0
2 years ago
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