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Alekssandra [29.7K]
3 years ago
5

Ryan, a foreign-exchange dealer, sold U.S. dollars for Swiss francs in the United States, then sold Swiss francs for Japanese ye

n in Switzerland, and then sold the Japanese yen for U.S. dollars in the United States. Ryan hopes that he will end up with more U.S. dollars than when he began. Which term best describes Ryan's actions
Business
1 answer:
aniked [119]3 years ago
6 0

Answer: Arbitrage

Explanation:

Arbitrage occurs when an economic agent such as an individual buys and sells currencies, securities, or commodities in several markets simultaneously so that the individual can take advantage of the different prices that is charged for the same asset. This is the method that is being used by Ryan in the question.

You might be interested in
Valence Electronics has 213 million shares outstanding. It expects earnings at the end of the year of $800 million. Valence pays
Dvinal [7]

Answer:

$75.12 million

Explanation:

For computation of Valence's share price first we need to find out the share price which is shown below:-

Share price = (Paid earning of Valence × Ended year of expected earning) ÷ (Equity cost of capital - Expected growth rate)

= (40% × $800 million) ÷ (9% - 7%)

= (0.4 × $800 million) ÷ (0.09 - 0.07)

= $320 million ÷ 0.02

= $16,000 million

Now, Valence's share price

= Total value ÷ Outstanding total shares

= $16,000 million ÷ 213 million

= $75.12 million

3 0
3 years ago
Variable costs are Group of answer choices
Alex

Answer:

B) costs that change with the level of production.

Explanation:

Variable costs are costs that change according to the total production output.

The two main cost components in the production process are fixed costs, which remain to be paid even if the firm shuts down temporarily, and variable costs, which are subject to change according to the level of production.

Therefore, the answer is alternative B)

4 0
3 years ago
Assume the demand curve is more elastic than the supply curve for the product: chewing tobacco. If the government wants to tax c
Over [174]

Answer:

The producers will bear more of the tax than the consumer because the supply curve is more inelastic than the demand curve.

Explanation:

The options to this question wasn't provided. Here are the options:

The consumers will bear more of the tax than the producer because the supply curve is more inelastic than the demand curve.

The producers will bear the entirety of the tax because the supply curve is more inelastic than the demand curve.

The producers will bear more of the tax than the consumer because the supply curve is more inelastic than the demand curve.

The consumers will bear the entirety of the tax because producers set the price.

The producers will bear the entirety of the tax because the government imposed the tax directly on them.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

The more elastic demand or supply is the more sensitive quantity demanded or supplied to changes in price.

The burden of tax refers to who pays the tax.

If demand is more elastic that supply it means that demand is more price sensitive to changes in price that supply.

This means that if a tax is imposed which increases the price of the good, quantity demand would change more than quantity supplied.

Therefore, the burden of tax is borne by the party with the less elasticity.

I hope my answer helps you

4 0
3 years ago
Employees may be required to sign, as a condition of employment, an agreement that they will not leave the company and go to wor
Fittoniya [83]

Answer:

Option "A" is the correct answer to the following question.

Explanation:

A non compete agreement is a type of deal under which an employee signs a document that states that the employee will neither leave the company nor join any of the companies or businesses Which can harm its employer in the competitive market. Such an agreement is made a non-compete agreement.

Such legal arrangements prohibit workers from joining industries or occupations which are considered directly competitive with the employer.

6 0
3 years ago
During 2018, Deluxe Leather Goods issued 728,000 coupons which entitles the customer to a $4.30 cash refund when the coupon is s
suter [353]

Answer:

$1,051,780

Explanation:

The computation of the  liability for unredeemed coupons is shown below:

= (Number of coupons issued × estimated percentage - processed coupons) × coupon worth

= (728,000 coupons × 70% - 265,000 coupons) × $4.30

= 244,600 coupons × $4.30

= $1,051,780

Simply first we determined the number of unredeemed coupons and then multiplied it by the coupon worth

7 0
3 years ago
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