Use this table to answer the next two questions.The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021.Euros Required to Buy 1 U.S. DollarDateJanuary 1, 2021February 1, 2021March 1, 2021April 1, 2021May 1, 2021June 1, 2021July 1, 2021August 1, 2021Between January 1, 2021, and April 1, 2021, the U.S. dollara. depreciated; neither appreciated nor depreciatedb. appreciated; depreciatedc. depreciated; appreciatedd. appreciated; neither appreciated nor depreciatede. neither appreciated nor depreciated; depreciated0.8230.8280.8300.8490.8320.8170.8430.843against the euro, and the euroagainst the U.S. dollar.

Answered: Image /qna-images/answer/2b6ad713-37d7-432f-afa3-142bbff219f0.jpg

Use this table to answer the next two questions. The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021. Euros Required to Buy 1 U.S. Dollar 0.823 Date January 1, 2021 February 1, 2021 March 1, 2021 April 1, 2021 May 1, 2021 June 1, 2021 July 1, 2021 August 1, 2021 Between January 1, 2021, and April 1, 2021, the U.S. dollar_ O a. depreciated; neither appreciated nor depreciated O b. appreciated; depreciated O c. depreciated; appreciated O d. appreciated; neither appreciated nor depreciated e. neither appreciated nor depreciated; depreciated 0.828 0.830 0.849 0.832 0.817 0.843 0.843 against the euro, and the euro against the U.S. dollar.

Use this table to answer the next two questions. The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021. Euros Required to Buy 1 U.S. Dollar 0.823 Date January 1, 2021 February 1, 2021 March 1, 2021 April 1, 2021 May 1, 2021 June 1, 2021 July 1, 2021 August 1, 2021 Between January 1, 2021, and April 1, 2021, the U.S. dollar_ O a. depreciated; neither appreciated nor depreciated O b. appreciated; depreciated O c. depreciated; appreciated O d. appreciated; neither appreciated nor depreciated e. neither appreciated nor depreciated; depreciated 0.828 0.830 0.849 0.832 0.817 0.843 0.843 against the euro, and the euro against the U.S. dollar.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use the information below to answer the following questions. CURRENCY PER U.S. Polish Zloty Euro Mexican Peso Swiss Franc Chilean Peso New Zealand Dollar Singapore Dollar a. b. C. d. e. f-1. U.S. $ EQUIVALENT 2981 1.2243 0752 1.0204 002071 a. Zlotys b. Value of one euro Amount in dollars C. d. Which is worth more, a New Zealand dollar or a Singapore dollar? Which is worth more, a Mexican peso or a Chilean peso? How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places, e.g., 32.1616.) f-2. What do you call this rate? .8089 .8012 If you have $120, how many Polish zlotys can you get? (Do not include the Polish zlotys sign, zl. Round your answer to 2 decimal places, e.g., 32.16.) How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.) If you have 5.50 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e.g., 1,234,567.) $ 3.3546 .8168…
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2989 3.3456 Euro 1.2379 .8078 Mexican Peso .0752 13.2993 Swiss Franc 1.0299 .9710 Chilean Peso .002071 482.80 New Zealand Dollar .8083 1.2371 Singapore Dollar .8007 1.2489 a. If you have $280, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 4.60 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to…
Bhupatbhai
1. On November 1, 2020, an entity acquired on account goods from a foreign supplier at a cost of $3,000. The accounts payable are paid on January 30, 2021. On December 1, 2020, an entity sold on account goods to a foreign customer at a selling price of $2,500. The accounts receivable is collected on February 28, 2021. The entity is operating in Philippine economy wherein the functional currency is the Philippine Peso. The following exchange rates are provided Buying spot rate Selling spot rate November 1, 2020 P40 P42 December 1, 2020 39 40 December 31, 45 45.5 2020 January 30, 2021 45.5 46 February 28, 2021 46 46.5 What is the carrying amount of monetary asset on December 31, 2020?
Brandt Corp. (a U.S.-based company) sold parts to a South Korean customer on December 1, 2020, with payment of 10 million South Korean won to be received on March 31, 2021. The following exchange rates apply: Date Spot Rate Forward Rate(to March 31, 2021) December 1, 2020 $ 0.0035 $ 0.0034 December 31, 2020 0.0033 0.0032 March 31, 2021 0.0038 N/A 1. Assuming that Brandt did not hedge his foreign exchange risk, how much foreign exchange gain or loss should it report on its 2020 income statement with regard to this transaction? a. 3000 gain b. 2000 loss c. 5000 gain d. 1000 loss 2. Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value hedge of a foreign currency receivable, what is the net impact on its net income in 2020 resulting from a fluctuation in the value of the won? Brandt amortizes forward points on a monthly basis using a straight-line method. Ignore…
7
1 . PL Co purchased goods on credit from a US supplier costing $US 225,000 on 5th June 2020 when the exchange rate was A$1 = US0.69 . On 30 June 2020, balance date , the exchange rate was A$1 = US0.72 . PL Co paid the US supplier on 7th July 2020 when the exchange rate was A$1 = 0.74. Required : Prepare the journal entries for the above
On January 31, 2019 the exchange rate between the US dollar and the euro was 1.14 USD/EUR. At the end of 2014, it was at 1.23 USD/EUR. a) Calculate the percentage change in the exchange rate. b) A shirt costs USD 40 in the US. How high can the price in Germany be, so that it is worth buying the shirt in Germany?
Chapter 18, Question 4. Attached is a similar question with answers. Please answer in similar format
ASSUME THAT THE U.S. DOLLAR IS THE FUNCTIONAL CURRENCY. Ruthie Inc. had a debit adjustment of $7900 for the year ended December 31, 2019, from restating its foreign subsidiary's accounts from their local currency units into U.S. dollars. Additionally, Ruthie had a receivable from a foreign customer. It is denominated in the customer's local currency. On December 31, 2018, this receivable for 300,000 local currency units (LCU) was correctly included in Ruthie's balance sheet at $124200. When the receivable was collected on February 15, 2019, the U.S. dollar-equivalent was $122200. In Ruthie's 2019 consolidated statement of income, how much should be reported as foreign exchange gain/(loss) in computing net income? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. IF THE NUMBER IS NEGATIVE, TYPE -1000 INSTEAD OF ($1,000) Your Answer:
please help me to solve this question
4

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