If we know the exchange rate between Country A’s currency and Country B’s currency, and we know the exchange rate between Country B’s currency and Country C’s currency, then we can compute the exchange rate between Country A’s currency and Country C’s currency. (Assume PPP holds.) a) Suppose the exchange rate between the Korean Won and the US dollar is currently "1,100 Won = $1" and the exchange rate between the British pound and the US dollar is "0.70 Pound = $1". What is the exchange rate between the Won and the Pound?
b) Suppose that exchange rate between the Won and dollar changes to "1,000 Won = $1" and the exchange rate between the pound and dollar changes to "0.80 Pound = $1". Has the dollar appreciated or depreciated against the won? Has the dollar appreciated or depreciated against the pound? Has the Won appreciated or depreciated against the pound

Shawshank real estate agency. oct. 1 pete shawshank begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 2 hires an administrative assistant. 3 purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 sells a house and lot for n. kidman, earning a fee of $3,600, with $600 collected in cash and the balance billed to n. kidman. 27 pays $900 on the balance related to the transaction of october 3. 30 pays the administrative assistant $2,300 in salary for october. 31 collects $1,200 of the balance owed by n. kidman. instructions: (a) journalize the transactions. (you may omit explanations.) (b) what balance would shawshank real estate agency report for accounts payable in its october 31 financial statements? in which category of which financial statements would it be found? (c) what balance would shawshank real estate agency report for accounts receivable in its october 31 financial statements? in which category of which financial statements would it be found?