23- Calculate the following cross exchange rates. a) If the exchange rates are 1.2 dollars per euro and 1.5 dollars per pound, what is the euro per pound exchange rate? b) If the euro trades at ¥125/€ and HK$10/€, what is the yen per HKS exchange rate?

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

If massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $6 $16 $60 $600