In the United States, we can buy a pair of shoes for $36. These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥6,000 including shipping costs

What dollar amount can we save by buying the shoes in the United States if the exchange rate is $1 for ¥150?
A) $5.00
B) $4.00
C) $3.00
D) $2.00


Answer: B
Explanation: B) Cost of Japanese Shoes = = $40.00. Thus, we can save $40 - $36 = $4.00 by buying in the United States.

Business

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? Braden Inc., a small but growing manufacturing business, has been operating in Indianapolis, Indiana, for ten years. Darren Russell, the president, considered the implementation of a website for the company. He had concerns about the cost to create and maintain an effective site. Russell established a team to study the possibility of setting up a company website at an affordable cost. ? The team conducted research using primary and secondary research methods. Current literature was examined, and a survey was conducted through a Chamber of Commerce membership list of 50 small business owners of various companies in the metropolitan area that had a company website. ? The report discussed the following topics related to the initiation of a company website: (1) benefits to be gained, (2) challenges in development and maintenance, (3) projected costs, and (4) guidelines for getting started. Detailed conclusions of the study can be found in the full report. ? The study concluded that intranets have become extremely popular because of the various benefits they offer. Potential problems of intranets can be addressed with recommended security measures. Braden Inc. should proceed with plans to establish a secure intranet. ? What will be an ideal response?

Business

If a consent agreement cannot be reached with a company, the Federal Trade Commission (FTC) would then issue a(n):

A) cease and desist order B) corrective advertising directive C) appeal to the Court of Appeals D) administrative complaint

Business

“Tell me more about that” is an example of what type of interview question?

a. open-ended b. primary c. probing d. leading

Business

Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Container RefurbishedRevenue   $5,400Employee salaries and wages$58,300 $1,000Refurbishing materials   $700Other expenses$31,200   ?When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.?The amount shown for net operating income in the planning budget for March would have been closest to:

A. ($700) B. $6,700 C. ($4,400) D. ($791)

Business