Kindly explain the following questions
+ Quizaquiz probGuid=(NAPCOA$01010001003594-40200400008cix-smedcalle1-00018ck-8_14919842 10 C Q Sand 1. Pricing foreign goods As Aa The exchange rate Is the price of one currency in terms of another currency. An exchange rate specifies how many 1. Pricing foreign goods An Aa The exchange rate Is the price of one currency in terms of another currency. An exchange rate specifies how many units of one country's currency equal one unit of another country's currency. Suppose the following table forecasts exchange rate data for November 26, 2014, in terms of U.S. dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. U.S. Dollars ($) Foreign Currency per Unit of Foreign Currency Brazilian real (R$) 0.3666 Canadian dollar (CDN$) 0.8493 Euro (C ) 1.3288 Japanese yen (#) 0.009748 Mexican peso (MEX$) 0.0889 UK pound (E) 1.8965 Suppose that on November 26, 2014, a children's doll handmade in Japan is priced at V1,000. The approximate U.S. dollar price of the doll would be If the exchange rate for the U.S. dollar-Japanese yen falls from the rate given by the table to $0.0047 per yen, the value of the U.S. dollar relative to the yen. Grade It Now Save & ContinueSuppose three countries have productivity data as shown in the table below. PRODUCTIVITY PER WORKER wheat Beans Alpha Beta Gamma a) What is the cost of wheat in each country? Round your answer below to 2 decimal places. In Alpha, 1 unit of wheat costs [ as beans. In Beta. 1 unit of wheat costs [ tor) beans. In Gamma, 1 unit of wheat costs ( o bean(s). b) Which country can produce wheat more cheaply (comparatively)? Click the box with a check mark for the correct answer and double click to empty the box for the wrong answer. Gamma Beta Alpha c) Which country can produce beans more cheaply (comparatively)? Click the box with a check mark for the correct answer and double click to empty the box for the wrong answer. OAlpha Beta namA DOC.DdE AaBb CcDdl A BbCDdBe ABC DIF: ABC:UdBe Body Tail Heading Heading 2 List Paragraph No Spacing Normal Question 5 (14 marks) On 1 July 2017, Montana Ltd had an opening balance for accounts receivable of $90,000 DR and an allowance for doubtful debt of $25,000 CR. On 3 October 2017, Montana made $60,000 of credit sales to customers. On 5 December 2017, a customer BHP declared bankruptcy and would not be able to pay the amount of 10,000 owed. On 3 April, 2018, BHP managed to repay 20 cents in the dollar. Montana used the percentage of credit sales method to estimate doubtful debt expense at year end of 2018. Past experience suggests that 2% of credit sales are uncollectible. Starting from 1 July 2018, Montana switched to a percentage of accounts receivable method to estimate bad debt. At 30 June 2019, Montana had accounts receivable of $1,000,000 and doubtful debts were estimated based on 3% of accounts receivable. Since 1 July 2019, Montana started to use an aging analysis of accounts receivable to estimate bad debt. Below is an account receivable aging chart by 30 June 2020. Customer name 0-30 Days 31-60 Days 61-90 Days 90+ Days Holden $40,000 $40,000 Canva $10,000 $90,000 $70,000 CBH Group $40,000 Percentage 1% 3% 10% 20%
