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
likoan [24]
3 years ago
7

The current exchange rate is £1.00 = $2.00. Compute the correct balances in Bank A's correspondent account(s) with Bank B if a c

urrency trader employed at Bank A buys £45,000 from a currency trader at Bank B for $90,000 using its correspondent relationship with Bank B.
Business
1 answer:
torisob [31]3 years ago
5 0

Answer: Bank A's pound denominated account with B will rise by £45,000

Explanation:

The correspondence account may be explained as an account created by a financial institution or bank to handle financial transactions such as deposit, receive funds and other financial obligations on behalf of another bank or financial institution.

In the scenario above, £1.00 = $2.00, using the correspondence relationship, Bank A's pound denominated account with B will rise by £45,000 as as a result of the transaction and the dollar denominated account of Bank A with B will fall by $90,000

You might be interested in
Consider Kodak's core competency before Fisher's arrival. As the market shifted from film to digital did the company's historica
lana [24]

Answer: None of the three tests were passed as the market transitioned.

Explanation: one of the core competencies of Kodak were

1. Film was the basics of their critics products and services. As the market transitioned from the use of films for camera and devices to digital, Kodak refused or was reluctant to take the necessary risk to expand and forge beyond it current market and product to the digitalized market as a result suffered the consequence.

3 0
4 years ago
Executives of Company G receive high salaries and excellent benefits, in addition to stock options and numerous other perks. How
ss7ja [257]

Answer: Option (A) is correct.

Explanation:

Here, it's given that the shareholders believe jets be utilized for purposes which are in accordance with increasing the profits of Company G.

From the given comprehension the following must be true in order to support  the reason behind shareholders' objection: <em>Company G executives usually utilize corporate jets for personal travel. </em>

Since utilizing organizations's corporate jet for private use won't increase it's profit. This explains why the shareholders had an objection to executives' use of the corporate jets.

6 0
4 years ago
Many managers quickly cut prices when faced with slow sales or an economic downturn. History shows, however, that cutting prices
jek_recluse [69]

Answer:

cutting prices reduces gross margin that may be difficult to recover

Explanation:

This is the case because cutting prices reduces gross margin that may be difficult to recover. A company's gross margin is the sales revenue they retain after paying off all of the direct costs associated with producing the various goods it sells. This happens because customers get accustomed to the low prices and tend to hesitate and not buy the company's products when they are priced higher, thus making it very difficult to recover their previous gross margin.

3 0
3 years ago
You decide you want to be a millionaire. You deposit $50,000 in an investment account that earns 9% per year. The money in the a
romanna [79]

Answer: 35 years

Explanation:

A=P(1+\frac{r}{n})^{nt}

Where,

A - the ending amount,

P - the beginning amount (or "principal")

r - the interest rate (expressed as a decimal)

n - the number of compounding a year

t - the total number of years

n=1, t=?, P = $50,000, r=0.09, A= $1,000,000

Therefore,

1,000,000=50,000(1+\frac{0.09}{1})^{t}

1,000,000=50,000(1.09)^{t}

20=(1.09)^{t}

Taking log on both sides

log(20) = t log(1.09)

1.30103 = 0.0374264979 t

t = 34.7622

So answer is 35 years.

3 0
4 years ago
When the revenue for a business is less than its costs, it is making a profit.
devlian [24]

Answer: false

Explanation:

A firm is making profit when total revenue is greater than total cost.

A firm is making a loss when total revenue is less than total cost.

Profit or loss can either be accounting or economic.

Accounting profit or loss = Total revenue - Explicit cost

Economic profit or loss = Accounting profit or loss - implicit cost.

8 0
3 years ago
Other questions:
  • You will be graduating soon and have been offered what you consider the job of your dreams. The new position, however, requires
    7·1 answer
  • Fred is clearing checks at the bank. One check comes through without the amount written in numerical form. The amount is written
    15·1 answer
  • Profits earned by a company that have not been paid to stockholders are called:_______.
    15·1 answer
  • a call option on Jupiter Motors stock with an exercise price of $75 and one-year expiration is selling at $4. A put option on Ju
    8·1 answer
  • What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small au
    5·1 answer
  • Arbitration may be used when: A. The parties submit to it. B. The contract calls for it instead of litigation. C. When a statute
    14·1 answer
  • Scientific management was: A .pioneered by Henri Fayol. B. an outgrowth of the Hawthorne studies which found that people perform
    14·1 answer
  • Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a
    14·1 answer
  • The records of the Dodge Corporation show the following results for the most recent year:
    14·1 answer
  • Decrease in accounts receivable $ 33,000 Increase in accounts payable $ 20,000 Increase in retained earnings $ 110,000 Cash paid
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!