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spayn [35]
2 years ago
12

Assume that the yen/dollar exchange rate quoted in Tokyo at 3:00 p.m. is ¥120 = $1, and the yen/dollar exchange rate quoted in N

ew York at the same time is ¥123 = $1. A dealer in New York uses dollars to purchase yen and then immediately sells the yen to buy dollars in Tokyo, thereby making a profit. The dealer has engaged in: Group of answer choices
Business
1 answer:
Dvinal [7]2 years ago
3 0

The dealer in New York is engaged in arbitrage.

<h3>What is arbitrage?</h3>

Arbitrage is when a market participant takes advantages of price differences in more than one market with the aim of making profit. The market participant usually buys currency in the cheaper market and sells in the more expensive market and thus earns a profit.

To learn more about arbitrage, please check: brainly.com/question/15721593

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The financial statements of Flathead Lake Manufacturing Company are shown below. Income Statement 2017 Sales $ 9,300,000 Cost of
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Answer and Explanation:

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4 0
4 years ago
Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi
shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0
3 years ago
____ is (are) the earnings of a corporation that are distributed to the stockholders. interest dividends retained earnings disco
Marrrta [24]
Dividends is <span>the earnings of a corporation that are distributed to the stockholders. 
To put it simply, dividend is a part of the profit that will be given to everyone that held company's stock which amount will be depended on how much stocks that the owner held.</span>
7 0
3 years ago
A company under IFRS standards decides to include interest paid in the Financing Section of their Statement of Cash Flows. How w
Mariulka [41]

The company under IFRS will have lower cash flow in the financing section and higher cash flow in the operating section than the company under US GAAP.

Explanation:

Interest payments are a capital outflow and are viewed as a part of the Cash Flow Statement under US GAAP. The Cash Flow from transactions under IFRS is higher than that under the US GAAP if it is presented in the finance segment of IFRS.

As, on the other hand, the cash outflow for the company is smaller under IFRS than the US GAAP, if interest payments is included in the funding segment of IFRS.

The company under US GAAP would be required to include interest paid in the operating section, which lowers cash flows for that section

3 0
3 years ago
Imagine you are a real estate agent and you’ve just met a couple who is ready to
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2) are you working with a lender?

3) what are your dealbreakers?

4) what’s on your wishlist? (Walk in closets, pool, hot-tub, huge kitchen, etc.)

5) what is your favorite room in the house?

6) how do you prefer to be contacted?

7) What is your budget?

8) Have you seen other houses?
9) Any favorite neighborhoods?
10) is being close to your work or your child’s school a priority?

11) Where is your work located?

12) What do you enjoy doing in your spare time?

13) Let’s say tomorrow I have your home, are you ready to move?

14) What problems do you anticipate?

15) Do you have any concerns?

16) How much do you think your home is worth?

17) where is your child’s school located/ name of school?

18) if you wanted to be close to work/your child’s school, how many miles? 5-10 perhaps?

7 0
2 years ago
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