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Mademuasel [1]
3 years ago
12

Scenario: Sam Dearing, Budding International Financier Sam Dearing is a summer intern in the arbitrage department at a prestigio

us Wall Street firm. Sam is hoping to be offered a full-time position at the firm after he graduates from college, and therefore, Sam knows that he must demonstrate a strong understanding of how exchange rates work. Sam's mentor is excited about the wheat prices in France and the U.S. because he sees an opportunity to buy wheat in the U.S. and sell it in France, which is known as a(n) ________.
Business
1 answer:
lyudmila [28]3 years ago
6 0

Answer:

arbitrage

Explanation:

Arbitrage refers to the practice of buying one product, security, commodity or currency in one country and then selling it in another country where it is worth more in order to make a profit.

Arbitrage exists due to market failures, since currently information is available 24/7 and most commodities should have one price. The law of one price states that the price of identical products or commodities should be the same everywhere in the world. That doesn't mean that goods have the same price everywhere since taxes vary from one country to another, but the price without taxes should be equal.

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Juanita is training for a triathlon, a timed race that combines swimming, biking, and running.
VikaD [51]

Answer:

Juanita's trainning dilema:

B:People face trade-offs

Icestorm:

A:Markets allocate goods effectively.

Explanation:

Any hour on swimming trainning is one less for bike or running.

Also an hour runnings is one less for swimming or running

an bike hours negate the change for swimming or running.

This is the concept of opportunity cost. chose something is also chose not to do anything else.

When there is need of a certain good, batteries in this case, the market (which is the sum of all people willing to do business) will allocate resource when needed. As the demand for batteries and flashlights increased, the stores chose to purchase these instead of other to replenish the stock and make a stand to the increased demand.

8 0
4 years ago
Which of the following quotes speak to the freedoms America identifies itself with? Select all that apply. "And by virtue of the
REY [17]
The quotes are: 
"And by virtue of the power, and for the purpose aforesaid, I do order and declare that all persons held as slaves within said designated States, and parts of States, are, and henceforward shall be free"

"The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex."

<span>"Fourscore and seven years ago our fathers brought forth upon this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal..."
</span>
All of these right was carefully drafted under the constitution as basic human rights. Every legal citizens that're born in united states were automatically granted these rights ever since we're born, and no Government officals had the right to overrule it no matter how high their position might be
3 0
3 years ago
Read 2 more answers
Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporat
Vaselesa [24]

Answer:

In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.

Explanation:

The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.

3 0
4 years ago
Grant Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books,
Vikentia [17]

Answer:

a. $4,160.

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.

The adjusting items are

  • Notes receivable and interest collected by bank 850
  • Bank charge for check printing 20
  • NSF check 170

Hence the adjusted cash balance

= $3500 + $850 - $20 - $170

= $4,160

3 0
4 years ago
You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,450, but no
Natali5045456 [20]

Answer:

7.02% per annum

Explanation:

The computation of the highest rate is shown below;

Given that

Present value be $85,000

PMT is $1,450

NPER is 72

Future value be $0

The formula is

=RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the rate should be 0.59% per month

Annually, it should be

= 0.59% × 12 months

= 7.02% per annum

8 0
3 years ago
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