Answer:
The correct answer is (a) $1.5415
Explanation:
Solution
Given that:
Annual deposit rate for dollar =6%
Annual deposit rate for Euro = 4%
n = 5 years
The present spot rate of Euro =$1,4015
The next step is to obtain the implied rate for the Euro.
Thus
Implied rate = $1,4015[(1.06)/(1.04)]^5
= $1,4015 * 1.019230769^5
=$1,4015* 1.099923877
=$1.5415
Hence the implied rate for Euro 5 years from now is $1.5415
Answer: Option B
Explanation: The conversion value is the market value of the asset into which the security is to be exchanged. It can be computed using following formula :-
conversion value = (stock price) * ( conversion ratio)
conversion value = ($33) * (25)
conversion value = $825
Answer:
Explanation:
The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees.
weakness <em>does not use ID scanners (surely they must hire honest employees and also use appropriate tools)</em>
An employee cannot approve their own request for purchases of inventory.
strength <em>cannot approve their own request (the hierarchically above should approve)</em>
Several salesclerks share the same cash drawer.
weakness <em>share the same cash drawer (this must be prohibited)</em>
Employees that handle easily transferable assets such as cash are bonded.
weakness <em> </em><em>transferable assets such as cash are bonded (the employee should not be responsible for)</em>
The company devotes resources towards keeping accurate accounting records for machinery.
strength <em>resources</em> <em>keeping accurate accounting records for machinery.</em>
<em>(Certainly company should </em> <em>accurate accounting records ever</em>
Answer:
D.
Explanation:
It would be best to consult an expert. If you just research the customs on your own you could find something inaccurate on the internet.