Answer:
$5030.45
Explanation:
Triangular arbitrage results when there is a discrepancy in the exchange rate of 3 foreign currencies. Traders can make a lot of money if they see this opportunity correctly.
Given:
Dollars to Yen >>> $0.007 = ¥ 1
Dollars to CAD >>> $0.821 = 1 CD
CAD to Yen >>> 1 CD = ¥ 118
Now, you have $5000,
Converting to CAD:
5000/0.821 = 6090.13 CAD
Converting to Yen:
6090.13 CAD * 118 = ¥ 718635.81
Converting back to USD:
¥ 718635.81 * 0.007 = $5030.45
So, you end up with $5030.45 from this triangular arbitrage opportunity.
Answer:
Option (b) is correct.
Explanation:
Given that,
Estimated total fixed manufacturing overhead = $121,000
Estimated direct labor-hours for the period = 10,000
Actual total fixed manufacturing overhead = $113,000
Actual total direct labor-hours during the period = 10,900
Predetermined overhead rate:
= Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours
= $121,000 ÷ 10,000
= $12.10
Therefore, the predetermined overhead rate is closest to $12.10.
Answer:
<u>Semi- strong form efficient markets</u>
Explanation:
The efficient market hypothesis states that securities are fairly priced and eliminates the possibility of investors earning abnormal gains via arbitrage.
Under the theory, 3 forms of markets are specified which are, strong form, semi-strong form and weak form of efficient markets.
Under the semi strong form of efficient markets, the price of a stock is based upon the available past information and trends as well as current public information available.
Under this form of markets, security prices quickly adjust to latest available public information thereby eliminating the importance of conducting fundamental and technical analysis to unravel price movement trends.
If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
<h3>Assets</h3>
Using this formula
Assets=Equipment+Cash+Supplies+Accounts receivable
Where:
Equipment=$246000
Cash=$216000
Supplies=$33000
Accounts receivable=$92500
Let plug in the formula
Assets=$246,000 + $216,000 + $33,000 + $92,500
Assets =$587500
Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
Learn more about assets here:brainly.com/question/11209470
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