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
yaroslaw [1]
3 years ago
12

If the spot rate of the Israeli shekel is 5.76 shekels per dollar and the 180-day forward rate is 5.51 shekels per dollar, then

the forward rate for the Israeli shekel is selling at a _______________ to the spot rate.
Answer choices:

4.34% premium

6.53% discount

7.71% premium

5.35% discount
Business
1 answer:
kvv77 [185]3 years ago
8 0

Answer:

Premium = $5.76 -$5.51 = 0.25

Percentage of premium = 0.25/5.76 x 100

                                        = 4.34% premium

The correct answer is A

Explanation:

This is an indirect quote in which dollar is fixed and shekels is variable. In order to obtain the 180-day forward rate, premium of $0.25 has been deducted. In indirect quote, premium is deducted from the spot rate in order to determine the forward rate ie $5.76 - $0.25 = $5.51. The percentage of premium is calculated as premium divided by spot rate multiplied by 100.

You might be interested in
Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net in
PtichkaEL [24]
<h2>Answer: $78,00</h2>

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?

Explanation:

4 0
3 years ago
On its December 31, 20X5 balance sheet, Shin Co. has income tax payable of $13,000 and a current deferred tax asset of $20,000,
mariarad [96]

Answer:

$10,000

Explanation:

To calculate income tax expense we must add income liability for the year, minus the changes in deferred tax accounts and add the change in value for deferred tax assets.

income tax expense = $13,000 - ($20,000 - $15,000) + ($20,000 x 10%) = $13,000 - $5,000 + $2,000 = $10,000

3 0
3 years ago
A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would b
ale4655 [162]

Someone with the skills mentioned above would be great as (A) a credit analyst.

A credit analyst is <u>a person working in finances whose main job is to assess the creditworthiness of companies, individuals, and securities. </u>

Credit analysts are usually employed by public or private financial institutions (both banking or non-banking).

3 0
3 years ago
Read 2 more answers
Consumer protection and services provided by government include all but ____.
Dominik [7]
Its letter b. <span>guarantees of customer satisfaction
</span>
Consumer protection<span> refers to a group of </span>laws<span> and organizations devised to ensure the </span>rights<span> of </span>consumers<span> as well as </span>fair trade, competition and accurate information in the market place and <span>to prevent businesses that engage in </span>fraud<span> or specified unfair practices from gaining an advantage over competitors. </span>
3 0
3 years ago
The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm's stock
Free_Kalibri [48]

Answer:TRUE

Explanation: Is the distribution policy that maximizes the value of the firm by choosing the optimal level and distributions system for its dividends and stock repurchases). Most firm try to achieve the optimal distribution policy necessary for it to maximize its stock price for guarantee good returns or good profit on its investment.

6 0
3 years ago
Other questions:
  • Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of
    6·1 answer
  • Classify each item as an asset, liability, common stock, revenue, or expense.
    12·1 answer
  • Near the end of 2018, Byron realizes that he has a net short-term capital loss of $13,000 for the year. Byron has taxable income
    5·1 answer
  • After completing chemical detoxification and a 12-step program to treat crack addiction, a client is being prepared for discharg
    14·1 answer
  • Kelly’s Jewelry has the following transactions during the year: total jewelry sales = $640,000; sales discounts = $14,500; sales
    13·1 answer
  • The phase of a weight-training program in which most of the strength gains are realized is the ________ phase science-forums
    8·1 answer
  • According to federal regulations, an irb must have at least two community members to fulfill membership requirements; one member
    15·2 answers
  • If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, i
    5·1 answer
  • The risk-free rate of return is 5 percent and the market risk premium is 12 percent. What is the expected rate of return on a st
    14·1 answer
  • The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coa
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!