Answer:
Begininig cash balance June 1 205
Explanation:
Sales April 430
Sales May 480
Begininig cash balance May 1 175
Cash expenses -110
Payments -290
Sales april 430
Begininig cash balance June 1 205
Answer:
Fireing
Explanation:
Cause when you fire people you are able to earn more money to get the business back on track.
Answer: The correct answers are:
- profits.
- profits.
- costs.
- contract price.
- interest.
Explanation: In a construction contract, if the owner breaches before construction begins, the contractor can receive <u>profits</u>. If the owner breaches during construction, the contractor can recover <u>profits</u> plus <u>costs</u> incurred. If the owner breaches after construction is completed, the contractor can receive the <u>contract price</u> plus <u>interest</u>.
Answer:
No, a currency carry trade with positive profit can not be conducted.
Explanation:
The currency carry trade is the trading strategy where investor funding from lower-yield currency to invest in higher-yield currency with expectation to earn positive profit from the yield differences between the two currencies.
However, this strategy only works when the difference is big enough to compensate for the depreciation ( if any) of the higher-yield currency against the lower-yield currency.
With the given information, the strategy will not work because the depreciation of NZ$ against US$ after one-year is too big to be compensated for the yield difference.
For specific example, suppose the strategy is conducted, in 2008, an investor will borrow, for example, US$1 at 4.2%, exchange it to NZ$1.71. Then, invest NZ$1.71 at 9.1%.
In 2019, an investor will get NZ$1.86561 (1.71 x 1.091). The, he/she exchanges at the 2019 exchange rate, for US$1.36176 (1.86561 / 1.37). While at the same time, he will have to pay back 1 x 1.042 = US$1.042 => The loss making in US$ is US$0.32.