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frosja888 [35]
3 years ago
6

Assume the bid rate of a New Zealand dollar is $.33 while the ask rate is $.335 at Bank X. Assume the bid rate of the New Zealan

d dollar is $.32 while the ask rate is $.325 at Bank Y. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,000,000 you started with?
Business
1 answer:
romanna [79]3 years ago
7 0

Answer:

You will end up with $15,384.62 over and above the $1,000,000 you started with.

Explanation:

We purchase 1 NZ dollar from bank Y at $0.325 and sell it to Bank X at $0.33

NZ dollars that can be bought by = 1,000,000/0.325

                                                        = $3,076,923.08

Gain on $1,000,000 = 3,076,923.08*(0.33 - 0.325)

                                  = $15,384.62

Therefore, You will end up with $15,384.62 over and above the $1,000,000 you started with.

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Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
Bess [88]

Answer:

Calvin would have a long-term capital gain of $1000.

Explanation:

Calvin's contributions towards partnership is as below

Beg                                           $43,000

2010 income                            $22,000

2011 income                             $25,000

2010 income                            $12,000

Total  contribution                   $102,000

Total amount Calvin realized by selling his partnership interest = $103,000.

Therefore, Calvin would have a long-term capital gain of $1000 (amount Calvin realized - Calvin's contributions  = $103,000 - $102,000).

4 0
3 years ago
Now you have to get to work. Your first thought is to have seven members on the team, but management research indicates that sev
prisoha [69]

Now you have to get to work. Your first thought is to have seven members on the team, but management research indicates that seven members would be . It would be better to have people on the team.

In general, it's best to include members of only a single culture when forming virtual teams, since electronic communication is already fraught with misunderstandings.

<h3>What is electronic communication?</h3>

For more than a century, the market for communication electronics radio equipment has been expanding quickly. One of the factors contributing to the rapid expansion in the USA is homeland security. The field of electronics has grown phenomenally since the 1950s, when the "solid state" transistor was created, and the 1960s, when transistor-transistor logic and the IC (integrated circuit) were developed. This is currently evident in the "radio communications" industry. Sending traditional LMR (land-mobile radio) signals over the Internet (Internet Protocol) is the newest craze. This is known as RoIP (Radio over Internet Protocol), which is similar to VoIP (Voice over Internet Protocol) but uses radio instead of voice.

To learn more about electronic communication from the given link:

brainly.com/question/24043670

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7 0
1 year ago
The things that are most important to you are your top __________. A. niceties B. priorities C. peculiarities D. similarities
Svetlanka [38]
The things that are most important to you are your top priorities
8 0
3 years ago
Read 2 more answers
Frankfort Corporation purchases an investment in Bradley, Inc. at a purchase price of $9.8 million cash, representing 40% (at bo
vazorg [7]

Answer:

B. The amount of equity reported by Frankfort Corporation is $672,000

Explanation:

Equity earnings

= Frankfort's share in net income of Bradley

= 1,680,000 * 40%

= 672,000

Option B

Please comment if you face any issues****************

7 0
3 years ago
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would ca
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its not b. the periods net income to be understated

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