Suppose that one euro can be exchanged for 1.3 u. s. dollars and that one u. s. dollar can be exchanged for 95 japanese yen. if these currencies can be traded freely with low transaction costs, what exchange rate would you expect between euros and the japanese yen? describe the transactions that would occur if the euro-yen exchange rate is higher than this amount (more yen per euro). (hint: is arbitrage relevant? ) one euro can be exchanged for nothing yen. (enter your response rounded to one decimal place.)

What two elements normally must exist before a person can be held liable for a crime

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.