Answer:
The profit for an investor who has $500,000 available to conduct locational arbitrage is $1,639.
Explanation:
Bank A has a ask rate of $0.305, so the investor can exchange his $500,000 at Bank A and get = $500,000/$.305 = MYR = 1,639,344
Bank B has a bid rate of $0.306, he can invest 1,639,344= 1,639,344 × $.306 = $501,639.
501,639 - $500,000 = $1,639.
Thus, the profit is $1,639.
Answer:
b.1.07
Explanation:
Investment turnover ratio determines the times when the portfolio of investment is sold during a particular period of time e.g Monthly, Annually, etc. The higher turnover results in more commission earned by the broker who is selling the portfolio.
Investment Turnover = Sales / Invested Assets
Investment Turnover = $1,228,000, / $1,150,000
Investment Turnover = 1.067826
Investment Turnover = 1.07 ( Rounded off to 2 decimals places )
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last year.
First, we need to calculate the allocation rate based on number of employees:
Estimated allocation rate= total estimated fringe costs for the period/ total amount of allocation base
Estimated allocation rate= 180,000/30= $6,000 per employee.
Now, we can allocate fringe costs to the A-line:
Allocated fringe costs= Estimated Estimated allocation rate* Actual amount of allocation base
Allocated fringe costs= 6,000*10= $60,000
If the minimum wage rate is higher than the equilibrium wage rate, fewer people will be hired because the cost of labor is too high. I agree.
Explanation:
- If the minimum wage is set above the equilibrium wage rate, it has powerful effects. The Labor Market and the Minimum Wage The equilibrium wage rate is $4 an hour. The minimum wage rate is set at $5 an hour. So the equilibrium wage rate is in the illegal region
- If the minimum wage is set below the equilibrium wage rate, it has no effect. The market works as if there were no minimum wage. If the minimum wage is set above the equilibrium wage rate, it has powerful effects.
- The equilibrium market wage rate is at the intersection of the supply and demand for labour. Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output.
- When the labor market is in equilibrium, the economy is at full employment.