10) What did the Bretton Woods conferees agree to do in 1944? 9) When did the sterling-based gold standard begin to unravel? 1) Why does the IMS exist? 2) The ________ establishes the rules by which countries value and exchange their currencies. 12) The term ___ means that a currency’s value is determined by the forces of supply and demand.
Given the following Euro to $ Exchange rate of 1.46, what is the information contained in this quote? If the Purchasing Power Parity Theory is correct, what is true about the relationship between the US dollar and the Euro at this exchange rate? a. 3. A US multinational company is required to report its financial results in US dollars.
| | Instructor Explanation: | Chapter 38. | | | | Points Received: | 1 of 1 | | Comments: | | | | 6. | Question : | (TCO 9) Answer the next question(s) on the basis of the following table which indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of freely floating exchange rates is in place. (1)Quantity of Libras Demanded (billions) | (2)Dollar Price of Libras | (3)Quantity of Libras Supplied (billions) | 100200300400 | $5432 | 32520010075 | The equilibrium dollar price of libras is | | | Student Answer: | | $5.
$7,422.00 What was its Total Liabilities? $2,128.00 + $2,539.00 = $4,667.00 What was the largest asset of Gap in the year 2011? Property and equipment, net ($2,523.00) 2. What was Gap’s current ratio for the year 2011? Current Ratio 2011 = Current Assets / Current liabilities Gaps Current Ratio = 4,309 / 2,128 = 2.0249 This means that The Gap Inc. is capable of paying its short-term liabilities two times by selling its current assets.
years. | | The step-by-step calculation is: P | = | S(1 + rt)-1 | | | = | 400,000(1 + 0.0892 x 0.24657534...)-1 | | | = | 400,000 x 0.97847883... | | | = | $391,391.53 | Rounded as last step | b)You are correct. When the first bill matures at time 90 days, the investor purchases a second bill. We must find the purchase price of the second bill. This can be displayed on a time line: | | | | | $P | $400,000 | | | | | | 0 | 90 | 180 | 270 | | | | | | | | | P | = | price | = | unknown | | S | = | Maturity value | = | $400,000 | | r | = | Simple interest rate (decimal) | = | 9.16 | 100 | | = | 0.0916 | | t | = | Time period (years) | = | 90 | 365 | | = | 0.24657534... years.
Liquidity Ratio Calculations: Current Ratio = Current Assets / Current Liabilities $147,800 / $90,283 = $1.637:1 Acid-Test Ratio = (Cash + Short-Term Investments + Net Receivables) / Current Liabilities $89,664 + $0 + $51,869 / $90,283 = $1.567:1 Receivables Turnover = Net Credit Sales / Average Receivables ($1,109,295 - $89,664) / [($51,869 + $81,557) / 2] = 15.283 *Average Collection Period = 365 / 15.283 = 23.883 Days When evaluating Huffman Trucking’s ability to pay off short-term debt and maturing obligations, it’s imperative to analyze the company’s liquidity. Utilizing the current ratio to analyze liquidity, which compares all current assets to current liabilities,
| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
Chapter 15, Question 14 The National Income and Product Accounts (NIPA) let economists judge our nation’s economic performance, compare American income and output to that of other nations, and track the economy’s condition over the course of the business cycle (Stone 408). There are various forms of national income such as Gross Domestic Product (GDP), Gross National Product (GNP), Net National Product (NNP), National Income (NI), Disposal Income (DI) and Personal Income (PI) (Stone, 2008). The broadest and most widely used measure of national income is gross domestic product (GDP), the value of expenditures on final goods and services at market prices produced by domestic factors of production (labor, capital, materials) during the year (Ott,
The gross profits have increased from year 12-13 by $63,700 (3.21%) and from years 13-14 by $39,200 or 1.91%. The total operating expenses have also increased $94,200 or 5.45% from years 12-13 and by $82,200 or 4.51% from years 13-14. Many of the operational expenses have remained the same from year to year, such as web site
Nominal GDP is the measurement that leaves inflation in the estimate therefore | |it’s usually higher than real GDP . | |(Colander, D. C. (2010). Macroeconomics (8th ed.). Boston, MA: McGraw Hill/Irwin) | |Unemployment Rate: Unemployment rate is the percentage of people in the economy who are willing and able to work but who are not working. | |(Colander, D. C. (2010).