In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 141 yen per dollar, what would the car be selling for today in U.S. dollars?
A. $10,259
B. $12,980
C. $12,562
D. $10,468
E. $11,515
Answer: D
You might also like to view...
A nonprobability sampling technique in which an initial group of respondents is selected randomly and subsequent respondents are selected based on the referrals or information provided by the initial respondents is called ________
A) quota sampling B) snowball sampling C) stratified sampling D) cluster sampling E) respondent sampling
Which of the following is not a task-focused leader behavior?
A. initiating structure B. production orientation C. consideration D. facilitating goal accomplishment
If the products of a manufacturing process are produced to customer specifications, a process cost system is more appropriate than a job order cost system
Indicate whether the statement is true or false
A cash budget estimates a firm's expenditures for major assets like replacement of obsolete equipment and mergers and acquisitions.
Answer the following statement true (T) or false (F)