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
babymother [125]
3 years ago
12

You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No div

idends were paid on the British securities in the past year. Your total return based on U.S. dollars was __________ if the value of the securities is now 2,440 pounds and the pound is worth $1.61.
Business
1 answer:
Olin [163]3 years ago
6 0

Answer:

Total Return = 10.45%

Explanation:

To calculate the return, we must first determine the appreciation in the value of the securities in terms of the US dollar.

The initial investment in terms of US dollar was of,

Initial Investment in USD = Investment in Pounds * Exchange rate

Initial Investment in USD = 2340 * 1.52

Initial Investment in USD = $3556.8

The current value of the investment in terms of USD is,

Current value of investment in USD = 2440 * 1.61

Current value of investment in USD = $3928.4

The formula to calculate total return is,

Total Return = (Current Value - Initial Value) / Initial Value

So, the total return based on US dollars was:

Total return  = (3928.4 - 3556.8) / 3556.8

Total Return = 0.10447 or 10.447% rounded off to 10.45%

You might be interested in
Mr. hanson is strongly suspected of embezzling money from his employer. he has denied the allegation. to determine whether he is
zlopas [31]
The appropriate response is electrocardiograph. It is the way toward recording the electrical movement of the heart over some undefined time frame utilizing anodes set on the skin. These anodes identify the little electrical changes in the skin that emerge from the heart muscle's electrophysiologic example of depolarizing and repolarizing amid every pulse.
3 0
3 years ago
Which of the following statements about the income statement is false? a. The single-step format groups all income items togethe
Sophie [7]

Answer:

The statement which is false is D) .

Explanation:

Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .

In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.

A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.

Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.

5 0
3 years ago
As of March 12, 2020 the yield to maturity on 30 year US Treasury Bonds was 1.44%. On the same date, the yield to maturity on 30
noname [10]

Answer:

The forecast inflation rate is implied by these interest rates is 1.13%

Explanation:

when dealing with inflation, we have that:

(1 + nominal interest rate) = (1 + real interest rate) * (1 + inflation rate)

                              1.0144 = 1.0031 * ( 1 + inflation rate)

                   inflation rate = 1.0144/1.0031 - 1

                                         = 1.13%

Therefore, The forecast inflation rate is implied by these interest rates is 1.13%

7 0
3 years ago
What is the four parts of SWOT analysis
forsale [732]
<span>strengths, weaknesses, opportunities and threats.</span>
4 0
3 years ago
Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal
Andreas93 [3]

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

3 0
2 years ago
Other questions:
  • Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
    8·1 answer
  • Which option do you choose to prevent a slide from displaying during a presentation?
    13·1 answer
  • Athen tech., a software company, changed its pay structure from 3,000 job titles and 12 pay grades to a simpler structure with 1
    15·1 answer
  • This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuit
    7·2 answers
  • A 10% increase in the price of movie ticket in Westridge 8 leads to a 15% decrease in the number of tickets sold, indicating the
    10·1 answer
  • In developed economies such as the United States, the _______ sector dominates the economy. Examples include legal firms,_______
    10·2 answers
  • An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the c
    11·1 answer
  • PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
    8·2 answers
  • A market economy is not based on _____.
    13·2 answers
  • One exabyte = 1,000 <br>A. petabytes <br>B.megabytes <br>C. gigabytes <br>D. nanobytes​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!