1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
raketka [301]
3 years ago
14

Royal bank quotes a value for the japanese yen (¥) of $0.007, and a value for the canadian dollar (c$) of $0.821. the cross exch

ange rate quoted by the bank for the canadian dollar is ¥118.00. you have $500,000 to conduct triangular arbitrage. how much will you end up with if you conduct triangular arbitrage?
Business
1 answer:
USPshnik [31]3 years ago
5 0

If you have $500,000 and the yen exchange rate is .007, you would have

500,000/.007 = 71,428,571.43 yen

Then, if the exchange rate to Canadian dollars is 118 then you would have

71428571.43/118 = 605,326.88 dollars

Then if the exchange rate back to US dollars is .821, you would end up with

605,326.88 / .821 = $737,304.36

You might be interested in
Using percentages or ratios based upon unforeseen differentials in prices, Forward Pricing Rates Agreements (FPRAs) protect the
krok68 [10]

Rates for corporate outings is NOT an example of an FPRA rate

Explanation:

The FPRA is an agreement between an entrepreneur and a governmental agency in which some indirect charges are determined over a set period of time. All such rates are price forecasts used for cost agreements and contract changes.

By using an FPRA the contracting system can be accelerated by removing the need for audit and analysis of rates. The Contracting Officer (COO) oversees the prices of the contracting party. The ACO should always be asked any questions about the prices. After a FPRA is reached, a copies of the agreement should always be provided for in any ensuing proposal.

6 0
3 years ago
True or False
Ilya [14]
False lolllll I have to write more
6 0
2 years ago
On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
salantis [7]

Answer:

  • Gross Profit ⇒ $296,500
  • Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

=  $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income =  Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0
2 years ago
The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 10 comma 000 pounds
KIM [24]

Answer:

$192,000 unfavorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 24,000 pounds × ($15 per pound - $23 per pound)

= 24,000 pounds × $8 per pound

= $192,000 unfavorable

Simply we take the difference between the standard price and the actual price and then multiplied it by the actual quantity so that the accurate price variance could come

4 0
3 years ago
Mark and Kate are establishing a fund for their son's college education. They would like $60,000 in the fund at the end of 10 ye
katen-ka-za [31]

Answer:

The lump sum amount to be deposited should be $27,020.67

Explanation:

Data provided in the question:

Future value = $60,000

Time, t = 10 years

Interest rate, r = 8% = 0.08

Compounded monthly i.e number of periods n = 12

Now,

Future value = Amount deposited ×  \left( 1 + \frac{r}{n} \right)^{\Large{n \times t}}

Therefore,

on substituting the respective values, we get

$60,000 = Amount deposited ×  \left( 1 + \frac{0.08}{12} \right)^{\Large{12 \times 10}}

or

$60,000 = Amount deposited × ( 1.00667 )¹²⁰

or

$60,000 = Amount deposited × 2.220522

or

Amount deposited = $60,000 ÷ 2.220522

or

Amount deposited = $27,020.67

Hence,

The lump sum amount to be deposited should be $27,020.67

7 0
2 years ago
Other questions:
  • Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh
    5·1 answer
  • If Pam clicks Rotate Right on the Drawing toolbar twice, how many degrees will her image rotate?
    7·1 answer
  • Mountain Breeze supplies air filters to the retail market and hires workers to assemble the components. An air filter sells for
    10·1 answer
  • When brad john talks about the fact that he is going to have to create different financial plans depending on the amount of busi
    15·1 answer
  • In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a
    13·1 answer
  • If a person violates a cease and desist order, the Commissioner can turn the matter over to the New Jersey Superior Court for fu
    15·1 answer
  • Suppose that electricity producers create a negative externality equal to $5 per unit. Further suppose that the government impos
    12·2 answers
  • Two different manufacturing processes are being considered for making a new product. The first process is less​ capital-intensiv
    8·1 answer
  • The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account
    15·1 answer
  • 11. Which of these is an example of an element of a research report
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!