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
zalisa [80]
3 years ago
9

A U.S. bank converted $1 million to Swiss francs to make a Swiss franc loan to a valued corporate customer when the exchange rat

e was 1.2 francs per dollar. The borrower agreed to repay the principal plus 5 percent interest in one year. The borrower repaid Swiss francs at loan maturity and when the loan was repaid the exchange rate was 1.3 francs per dollar. What was the bank's dollar rate of return
Business
1 answer:
AURORKA [14]3 years ago
7 0

Answer:

-3.08 percent

Explanation:

You might be interested in
Question:
Vanyuwa [196]

Answer:

Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share

                                      Dr.            Cr.

Cash                            $40,000

Common stock @ 1                      $1,000

Add-In capital Common Stock   $39,000

Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer

                                      Dr.            Cr.

Equipment                 $15,000

Cash                                           $3,000

Account Payable                       $12,000

Borrowed $10,000 cash from a bank

                                      Dr.            Cr.

Cash                            $10,000

Bank Loan                                 $10,000

Loaned $800 to an employee who signed a note.

                                      Dr.            Cr.

Note Receivable      $800

Cash                                             $800

Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance

                                      Dr.            Cr.

Land                            $13,000

Cash                                            $4,000

Mortgage Note Payable            $9,000

6 0
3 years ago
Control limits come from :__________
vovikov84 [41]

Answer:

e

Explanation:

6 0
2 years ago
2. What are the importance of vocation and business?​
Alik [6]

Answer:

A major part of your life is your vocation. This is your career or even your business. Fulfillment in your vocation can contribute to leading a satisfying and successful life. Factors involved in having a satisfying vocation are that you should have a purpose, help others and be concerned about future generations

5 0
2 years ago
The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for
Vedmedyk [2.9K]

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

5 round lots = 500 shares

The commission structure on a stock purchase is $45 plus $0.04 per share.

For 500 shares, the commission is

= 45 + 0.04×500

= 65

Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

To know more about commission, here

brainly.com/question/957886

#SPJ4

7 0
1 year ago
Ending total assets are $1,500,000, inventory turnover is 6.0 times, net sales are $8,000,000 and the asset turnover is 4.0 time
NARA [144]

Answer:

$2,500,000

Explanation:

Data provided

Ending assets = $1,500,000

Inventory turnover = 6.0 times

Net sales = $8,000,000

The computation of beginning total asset balance is shown below:-

Average total assets = $8,000,000 ÷ 4

= $2,000,000

Total assets = $2,000,000 × 2

= $4,000,000

Beginning assets  = Total assets - Ending assets

= $4,000,000  - 1,500,000

= $2,500,000

Therefore we applied the above formula

8 0
3 years ago
Read 2 more answers
Other questions:
  • Edelman Oil performs oil changes. The standard wage rate for oil change technicians is $ 17 per hour. By analyzing its past reco
    12·1 answer
  • Chang, Inc.'s balance sheet shows a​ stockholders' equity-book value​ (total common​ equity) of ​$750 comma 500. The​ firm's ear
    8·1 answer
  • IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business developme
    7·1 answer
  • Janice was questioned recently about her department's spending in excess of the budget. This is an example of using the budget f
    12·1 answer
  • How much should you pay for a share of stock that offers a constant growth rate of 13%, requires a 18% rate of return, and is ex
    12·1 answer
  • On May 1, Melany contributed $7,000 and property, with an adjusted basis of $9,500 and a FMV of $11,500, for a 15% share of part
    7·1 answer
  • Which expression can be used to find the amount of tax
    12·1 answer
  • Foam Products, Inc., makes foam seat cushions for the automotive and aerospace industries. The company’s activity-based costing
    8·1 answer
  • Ntex Ltd. issued 10,000, 10% Debentures of Rs.100 each at a premium of
    9·1 answer
  • If someone thinks that their language is superior to others, it can cause defensiveness. In this case, what style should be used
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!