What Is the Correct Way to Calculate the Dollar Price

question 30

Multiple Choice

What is the correct way to calculate the dollar price of a British car,if we know the price of the car in British pounds and we also know the British per dollar exchange rate?

• A) Dollar price of British car = (Price of British car in pounds) (Exchange rate).
• B) Dollar price of British car = (Price of British car in pounds) / (Exchange rate).
• C) Dollar price of British car = (Price of British car in pounds) / ( 1/Exchange rate).
• D) Dollar price of British car = (Exchange rate) / (Price of British car in pounds).

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Definitions:

Value-Added Time

The duration during which a product or service is being modified or enhanced to increase its value to the customer.

Throughput Time

The elapsed time from when production is started until finished goods are shipped.

Factory Floor

The operational area within a manufacturing plant where goods are actually produced, typically housing machinery, assembly lines, and workers.

Warehouse

A facility for storing goods, merchandise, and materials before they are distributed for sale or use.