Suppose a Bottle of Wine Produced in France Sells for 35

question 43

Multiple Choice

Suppose a bottle of wine produced in France sells for 35 euros.If the exchange rate between euros and dollars is €1 = $1.30,how much will an American pay for the bottle of wine in America?

• A)$130.00.
• B)$35.00.
• C)$45.50.
• D)$26.92.

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses, managed through a system of replenishment.

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.

Petty Cash Fund

A small amount of cash kept on hand for minor, incidental expenses.

Replenishment

The process of replenishing inventory or stock to ensure that the optimal inventory level is maintained.