What ethical dilemma might this currency fluctuation present

Assignment Help Business Economics
Reference no: EM131005366

You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of euro 400 per day, no receipts required. This per diem is advanced to you before the trip (euro 36,000). You deposit it into your checking account and use your Portuguese (euro) credit card to cover your costs while in the United States. After the first to weeks of your trip, the dollar weakens against the euro by 15 percent. What ethical dilemma might this currency fluctuation present for you? How will you handle it?

Reference no: EM131005366

Questions Cloud

The amount of the annual lease payments : The amount the lessee would record as a leased asset and a lease liability. The amount of the annual lease payments as calculated by the lessor.
Standard deviations from the population mean weight : Weights of newborn babies in the United States are normally distributed with a mean of 3420 grams and a standard deviation of 495 grams. A newborn weighing less than 2200 grams is considered to be at risk. What fraction of newborn babies are in the “..
Derive an expression for the velocity of money : An economy has the following money demand function: (M/P)^d = .2Y/i^(1/2). Derive an expression for the velocity of money. What does velocity depend on? Explain why this dependency may occur. Calculate velocity if the nominal interest rate i is 4%. I..
Why might this have been an effective weapon : During the World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Why might this have been an effective weapon?
What ethical dilemma might this currency fluctuation present : You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of euro 400 per day, no receipts required. This per diem is advanced to you before the trip (euro 36,000). What ethical dilemma might t..
Each of the four independent situations below describes : Each of the four independent situations below describes a capital lease in which annual lease payments are payable at the beginning of each year. Determine the annual lease payments for each:
Statements about a market economy : Which one of the following statements about a market economy is? FALSE?
What fraction of pregnancies fall : The length of pregnancies are normally distributed with a mean of 268 days and a standard deviation of 15 days. What fraction of pregnancies fall within ±10 days from the mean length of pregnancies? What middle interval (of days) includes 0.95 fracti..
What is the real interest rate : In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3% per year, the money stock grows by 8% per year, and the nominal interest rate is 9%. What is the growth rate of nominal GDP? the inflation rate? the real interest rate?

Reviews

Write a Review

Business Economics Questions & Answers

  The total revenue of movie theater box offices

Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies. Please analyze the impact of 3-D movies on The price elasticity of demand on 2-D movies? The total revenue of movie theater..

  Illustrate the bullys effect on your budget line

Your income is $10 and you buy sodas for $1 apiece. One day a local bully starts demanding that you buy him a soda for every soda you buy yourself. Therefore, it now costs you $2 to get a soda. Illustrate the bully’s effect on your budget line. Illus..

  Calculate the change in her banks required reserves

If the reserve requirement is 20% and Lindsay deposits $200 into her checking account, calculate the change in her bank’s required reserves. Show your work.

  What is the capitalized cost of the marina if interest rate

An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..

  The indifference curve for victor that passes through bundle

Victor Finick likes to have the same amount of x as he has of y. His utility function is U(x, y) = min{2x - y, 2y - x}. a. Draw the indifference curve for Victor that passes through the bundle (0, 0) and the indifference curve that passes through (4,..

  Which position is more persuasive

Do Bill Easterly and Jeff Sachs agree or disagree over the impact of imperialism and colonialism in the past on the situation in poor countries today? Be sure to explain both positions. Which position is more persuasive? Why? Explain.

  Explain how was the second law and end-use analysis

Explain how was the second law and end-use analysis linked to socially constructed scarcity.

  The net present worth for the project will be

If the initial investment in a project will cost $50,000 with expected benefits of $15,000 a year for 8 years, using 15% MARR per year. The net present worth for the project will be?

  Effect of the three major tools of monetary policy

What is the Beige Book? What type of information does it contain? give some examples from the most recent edition and discuss the uses and effect of the three major tools of monetary policy.

  Well advised to pay for anyone to get a vaccination

Measles has become an epidemic here in Orange County. About 1 in 1000 people will die after contracting the disease. Because this is such a high rate, health officials in Orange County would be well advised to pay for anyone to get a vaccination.

  Explain how premium business models work

Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).

  If the objective is one of redistribution

If the objective is one of redistribution, what are the welfare implications of achieving this redistribution by providing cash supplements versus medical care to the desired beneficiary group?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd