1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex_Xolod [135]
3 years ago
12

Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an

d an ask rate of $.310 for the ringgit. What will be the profit for an investor who has $500,000 available to conduct locational arbitrage?​
Business
1 answer:
Elenna [48]3 years ago
3 0

Answer:

The profit for an investor who has $500,000 available to conduct locational arbitrage is $1,639.

Explanation:

Bank A has a ask rate of $0.305, so the investor can exchange his $500,000 at Bank A and get = $500,000/$.305 =  MYR = 1,639,344

Bank B has a bid rate of $0.306, he can invest 1,639,344= 1,639,344 × $.306 = $501,639.

501,639 - $500,000 = $1,639.

Thus, the profit is $1,639.

You might be interested in
During the initial Forming stage, where new team members are excited yet concerned that the project work might be difficult, the
Snezhnost [94]

Answer:

The answer is a. True.

Explanation:

During the initial stages, the members might be concerned that the project work might be difficult and this can act as a demotivating factor in the long run.

Because of this, if the manager can start the initial stages of planning of the operating methods, thus will be helpful to ease the tension and the doubts among the members.

8 0
2 years ago
Which one of these equations is an accurate expression of the balance sheet? Assets ≡ Liabilities −Stockholders’ equity Stockhol
Greeley [361]

Answer:

Stockholders’ equity ≡ Assets −Liabilities

Explanation:

The Balance Sheet equation is also known as the Accounting equation. It can be written in 3 ways as :

Assets = Equity + Liabilities

or

Equity = Assets - Liabilities

or

Liabilities = Assets - Equity

3 0
2 years ago
New Coffee Company, LLC uses JIT (just-in-time) logistical supply methods. This indicates that the company doesn't really keep l
Leona [35]

Answer:

B) Inventory turnover ratios

Explanation:

Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.

One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.

4 0
2 years ago
How is product placement different from a commercial?
jok3333 [9.3K]
A product placement is part of an existing story. Unlike an advert you aren’t watching a product placement for the product but for the story it is found in.
5 0
1 year ago
Demands differ from wants because:______.
elena55 [62]

Answer:

The correct answer is:

demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good. (d)

Explanation:

Let me first try to define what demand and want are:

want: want is a desire for a product or service. It is said that wants are unlimited, however, the resources to actualize such wants are in a limited supply.

Demand: Demand is the quantity of good or service that a person is willing and able to pay for because of the availability of resources to do so, at a given price and time.

For a clearer understanding, demand can be seen as a subset of want that a consumer takes a further step to acquire, not just desire. There is a specific plan to acquire such wants.

5 0
2 years ago
Other questions:
  • The recent emphasis on sources and treatment of hypertension with respect to occupational health and well-being is an example of
    11·1 answer
  • 2. You have just completed an analysis of Rodriguez Manufacturing. You used the Capital Asset Pricing Model to determine that th
    5·1 answer
  • If the CPI is 123 in year 1 and 143 in year 2, what is the approximate percentage change in prices between the two years?
    15·1 answer
  • A business firm is collaborating on an initiative with a nonprofit organization by providing public-relations training to workin
    15·1 answer
  • Gates entered into a contract with Mennonite Deaconess Home & Hospital for the installation of a new, "one-ply roofing syste
    5·1 answer
  • Price of oil in international markets has dropped stunningly 60% in the past twelve months. Among the factors mentioned behind t
    12·1 answer
  • Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go
    10·1 answer
  • In 2029, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value i
    7·1 answer
  • Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 6.32 percent. The bond
    13·1 answer
  • Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix fa
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!