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vladimir1956 [14]
3 years ago
15

Golden Apple, Inc., based in Washington, exports products to a French firm and will receive payment of €200,000 in three months.

On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. On June 1, Golden Apple negotiated a forward contract with a bank to sell €200,000 forward in three months. The spot rate of the euro on September 1 is $1.15. Golden Apple will receive how many dollars for the euros?
Business
1 answer:
Anvisha [2.4K]3 years ago
6 0

Answer:

$220.000

Explanation:

On June 1, Golden Apple negotiated a forward contract with a bank to sell the €200.000 in three months at a rate of $1,10. On september 1, the rate is 1,15 but as there was a previous contract signed, the rate is $1,10 taking into account that this type of contracts determine the rate of interest that will be paid on a future date.

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Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776).

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What are the possible consequences of making a late payment?
olya-2409 [2.1K]

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not being able to do buissnes with that company anymore

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An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on thre
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Answer:

30.8

Explanation:

The solution of factor-rating score for Ling Services is provided below:-

Factor-rating score = (Weight for Factor A × Rating for Factor A) + (Weight for Factor B × Rating for Factor B) + (Weight for Factor C × Rating for Factor C)

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So, we have calculated the factor-rating score for Ling Services by using the above formula.

8 0
3 years ago
cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co
alex41 [277]

Answer:

equilibrium price would fall and equilibrium quantity would increase

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Answer:

E. How much cash should the firm keep in reserve?

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