If the exchange rate for Canadian and U.S. dollars is 0.82777 to 1, this implies that 3 Canadian dollars will buy ________ worth of U.S. dollars.
A. $1.00
B. $0.2759
C. $0.82777
D. $1.82777
E. $2.48
Answer: E
You might also like to view...
Hot buttons are words that evoke an emotional response
Indicate whether this statement is true or false.
Each of the following is a characteristic of a promissory note except a(n)
a. maturity date that can be determined on the date the note is signed. b. payee who has an unconditional right to receive a definite amount on a definite date. c. maker who agrees to pay a definite sum subject to certain conditions. d. amount to be paid that can be determined on the date the note is signed.
The direct method of preparing a statement of cash flows
A) eliminates the need for a schedule of noncash investing and financing transactions. B) provides a different result than the indirect method. C) adjusts net income for changes in current accounts. D) shows cash receipts from sales.
An organization’s core ideology is made up of ______.
A. the business plan and marketing strategy B. core values and long-range objectives C. core values and purpose/mission D. code of ethics and code of conduct