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Anna35 [415]
3 years ago
14

Suppose the japanese yen exchange rate is ¥73.47 = $1, and the british pound exchange rate is £1 = $1.53.

Business
1 answer:
sineoko [7]3 years ago
5 0

Answer: Cross-rate can be found by using the given formula ,

¥73.47 = $1\\£1 = $1.53

So,

£1 = $1.53 $1 = \frac{£1}{1.53}  $1= £0.6536

Substituting this into the exchange rate for Yen and dollars, we get

¥73.47 = $1 ¥73.47 = £0.6536

¥73.47/0.6536 = £1 ¥112.4082=£1

Cross-rate in terms of Yen per Pound is 112.41

b. If cross-rate is ¥115=£1, this means that Yen is quoted high relative to pound. So, the arbitrage profit per dollar will be,

Suppose we take a a loan for $1 and buy £0.6536. Then we use the pounds to purchase yen at the cross-rate, so we have

£0.6536 (¥115/£1) = ¥75.164

Now, we replay the loan in dollars by exchanging Yen back to dollars. The cost to repay will be:

¥75.164($1/¥73.47) = $1.02305

Your arbitrage profit is $0.02305 per $1 used.

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Sustainable development refers to A. placing restraints on a company's growth until all ancillary support services are in place
Semmy [17]

Answer:

The correct answer is letter "C": conducting business in a way that protects the natural environment while making economic progress.

Explanation:

Sustainable development is the capacity an institution has to satisfy individuals' needs without damaging the environment neither harming the atmosphere. To reach this stage there must be an equilibrium between the <em>economy, society, </em>and <em>the environment.</em> Sustainable development is difficult to be obtained with high poverty rates, habitats destruction, or indiscriminately resources exploitation.

4 0
3 years ago
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of
polet [3.4K]

Answer:

A detailed list of the accounts that make up the five financial statement elements.

Explanation:

The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.

The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).

Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).

The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

8 0
3 years ago
The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, b
Vlad1618 [11]

Answer:

Violated employees personal compact.

Explanation:

The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, but the employees refused to comply. This example shows that the manager has violated employees personal compact which is defined as the formal, social and psychological aspects of the relationships between the workers and the organization. It is termed as the mutual commitments and obligations which are stated and implied between the employer and the employee. Here, the manager has broken and violated that implicitly set rules when he has tried to tie the incentive system with the financial performance of the Hotel which workers can think that will be difficult to get if the Hotel doesn't not perform well.

6 0
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The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of th
Klio2033 [76]

Answer:

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?

D. 10

Explanation:

10% of $25, 000, 000= $2,500,000

Money multiplier in this economy is by 10

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3 years ago
Elevators, Inc. does considerable business overseas for high-rise luxury hotels. To speed up the building permit process, it aut
AleksAgata [21]

Answer:

No, Elevators, Inc. has not broken the law because payment was made in United States currency.

Explanation:

It operates a substantial business abroad for high-end luxury hotels. It authorized a project manager to "charge" a government official a charge of 500 for speeding up the building permit process. so

  • Under the law, it is illegal to bribe foreign officials to get business. But there is an exception to "facilitation payments", also known as grease payments made to speed up general government functions.
  • Flexible payments can be used to persuade government officials to perform work that is already being done. Although many have argued that such payments are important for their operations in some areas, such as Asia and Africa, the difference between facility payment and bribery remains unclear.

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3 years ago
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