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If the exchange rate is 1 USD = 0.7221 GBP, how do I figure GBP to USD rate using the same USD to GBP rate?
Use the reciprocal of the dollar-to-pound rate. That means in this case divide 1 by 0.7221.
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There are two girls in my school who are in a higher grade than I am. I haven't had a real conversation with them, but their friends in my grade say that they hate me. What should I do?
You should approach them and just casually ask if the rumors are true. If they say they are, ask them why they dislike you. If they say they're not true,...
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If a restaurant had total sales of $348,902, and food sales made up 80% of the total sales, and food cost was 29.34%, what was the cost of food?
Multiply the percentage of food sales (80%) by total sales ($348,902); then multiply the results by the food cost percentage (29.34%) to get the dollar cost of food. The answer...
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Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 90 percent as high if the price is raised 10 percent. Chip’s variable cost per bottle is $10, and the total fixed cash cost for the year is $100,000. Depreciation and amortization charges are $20,000, and the firm has a 30 percent marginal tax rate. Management anticipates an increased working capital need of $3,000 for the year. What will be the effect of the price increase on the firm’s FCF for the year?
All other factors being equal, raising the price to $22 at 90% of the volume at $20 per bottle, increases profit before tax by $12,000, or $8400 after taxes. By...
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What causes inflation in the first place?
In general, people expect a raise in salaries every year. In order to achieve that, companies need to increase their overhead costs—like their production costs or their selling price. There...
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How do I calculate inflation given the nominal GDP and the real GDP plus the deflator?
Get the difference of the RGDP and NGDP. Divide the difference by the NGDP. The quotient of the two is the inflation rate.
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If the inflation rate is 1500%, does that mean that a $5 item will cost 1500 times the base price?
1500% is 15 times the original, so 1500% of $5 is $75. But since inflation is a rate of growth, it means the $5 item would inflate to $5 +...
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How do I calculate total costs and total revenue?
Total cost is fixed cost plus variable cost, while total revenue is the sum of the marginal revenues for each unit.
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I have a 21-year-old emu. He has recently had what looks like a neurological problem. He will fall into the gate, and it's getting worse. He has actually fallen down, but no trauma occurred, and there were no wounds. He's had no new food/care. What is going on?
Call an animal care company ASAP, and tell them to come to you. Your emu may be developing something worse.
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I have had pubic hair and underarm hair for two years and I have had really sore breasts for about two months. I've also had discharge for about a month. When will I get my period?
No one can say for sure, but most girls get it about 6-18 months after discharge. It varies from person to person, though, and there is no way to predict...
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