21. The Nintendo entertainment system (NES) was introduced to the North Americanmarket in 1985 at the price of $180 ($1985). The personal consumption expenditureprice index (PCEPI) in 1985 was 53.0. In 2022, the PCEPI was 123.1. Use the PCEPIdata to express the price of the NES at launch in 2022 dollars.A.$77.50 ($2022)B.$146.22 ($2022)C.$339.62 ($2022) (WRONG)D.$418.08 ($2022)

Price of NES @ 1985 = $180PCEPI in 1985 = 53.0PCEPI in 2022 = 123.1PCEPI is the measure of the…

Answered: 21. The Nintendo entertainment system…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use the following forward and spot prices for Canadian dollars (CS) to answer the question below. The prices are in U.S. dollars ($/C$). Forward rate for 4/15/20 Spot rate delivery of Canadian dollars $0.695 0.750 0.715 0.740 November 15, 2019 December 31, 2019 March 1, 2020 April 15, 2020 $695,000 Ⓒ$705,000 On November 15, 2019, a U.S. company takes delivery of merchandise costing C$1,000,000 from a Canadian supplier and records an account payable. On the same date, the company enters a forward contract locking in the U.S. dollar purchase price of C$1,000,000, for delivery on April 15, 2020. The forward contract is closed and payment is made to the supplier on April 15, 2020. The company's accounting year ends on December 31. Assuming the company still holds the merchandise at December 31, 2019, at what amount is the merchandise reported? $750,000x $0.705 0.765 Ⓒ$765,000 0.720 0.740
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