you’ve learned about currency exchange rates. To find the amount of U.S. dollars that any given amount of currency will buy‚ simply multiply the currency by the exchange rate provided. (5 points) 1. Two college students went to Guadalajara‚ Mexico‚ on their spring breaks. One took the vacation in 2002‚ while the other went in 2006. Each student had $500 to spend. In 2002‚ the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9. In 2006‚ the exchange rate was 11. A hotel room in Guadalajara
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final dollar exchange rate gives rise to the currency exposure risk. Prices are set 1 year ahead of time so any fluctuation in the exchange rate will potentially cause a loss or savings to AIFS when the currency is exchanged. 2. If the exchange rate remains constant at $1.22/euros then AIFS will not incur a loss or a gain. It would cost $1220 per participant at this exchange rate. If actual dollar costs were above this level‚ then there would be a negative impact. If actual dollar costs were
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myself‚ “If minimum wage for my job with Gap Inc was going to raise to ten dollars and I am currently making that amount as a supervisor then I am back at the bottom of the pyramid.” As much as raising minimum wage sounds like an excellent gesture it is not a good thing. The reason why minimum wage is not a good idea is because fewer jobs will be available‚ costs of living will be affected‚ and ultimately the value of the dollar will plummet. There would be fewer jobs available because when companies
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America‚ their beds were measured in centimeters and not the king‚ queen‚ and twin sizes‚ their glasses proved too small for Americans liking‚ and they were shipping overseas and priced in the Kroner which at the time was strengthening against the US dollar‚ this drove up the pricing of goods in IKEA’s American stores. Additionally the stores were poorly located (on the coasts) and the stores were not large enough to offer the full IKEA experience as its European
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your dollars in a Metrodollar Savings Account and get the benefit of earning interest in dollars too! E. Other Foreign Currency Savings Account (FXCY SA) Keep your hard-earned foreign currencies safe and earn interest in the same currency. Watch your money grow in the following currencies: Watch your money grow in the following foreign currencies: • Dollar • Euro • Japanese Yen • British Pound* • Swiss Francs* • Chinese Yuan* • Canadian Dollar* • Australian Dollar*
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since 2007 the inflation went up. For atleast 6.20 percent. When you look at 2010 en 2011. The percentage is 10.45 and 10.61. So that is a very high growth. The export of goods and services were in 2009 244‚569.000. The import was 183‚301.000 dollar. So their export value is higher then their import value. When you take a look to the consumer expenditure from 2005 till 2010. There is a growth. In the year 2010 the consumer expenditure value is 780‚819.000. In the previous year it was‚
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have been talking about. There is the belief that some global business are not fare and that the money value of other countries do not help it to make it better for everybody. An excellent example is the value of the Chinese Yuan versus American dollars. Economists believe that the Chinese’s government is controlling and keeping their currency relatively low to get more economic advantages. This is one of the reason of why Chinese products are cheaper that the American products. For that reason
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who knows where we will end up next. Groton Connecticut‚ where the home of the United States Navy Submarine base and The Submarine Capital of the world‚ is also the source of 15000+ southeastern Connecticut jobs and is pumping 4.5 billion dollars annually into south eastern Connecticut’s economy according to Michael Melia of The Associated Press. Michael Melia is also worried about what sequestration will do to Connecticut’s economy because of BRAC‚ which is base closure and realignment commission
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Porsche 1. How does Porsche differ – operating structure‚ financial results‚ etc. – from other major European-based auto manufacturers? To begin with Porsche is a privately owned company controlled by the Porsche and Piéch family. They hold all the 8.75 million voting shares while mainly large institutional investors hold the other 8.75 million non-voting shares. Despite the fact that stock exchange and analysts’ requests more frequent and more detailed financial reporting Porsche is not
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company has a value of $484‚000 and Mark receives 16% income from his ownership. Find the income amount. 3. The Jordans have saved $39‚700 for a down payment. If a 18% down payment is required‚ what price house can they buy? Round to the nearest dollar. 4. A hotel in the process of renovating states that 45% of guest rooms are updated. If 28 rooms are not yet updated‚ find the total number of rooms in the hotel. Round to the nearest whole number. 5. Brand X copier advertises that its copiers run
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