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Musya8 [376]
3 years ago
5

Assume the U.S. interest rate is 7.5 percent, the New Zealand interest rate is 6.5 percent, the spot rate of the NZ$ is $.52, an

d the one-year forward rate of the NZ$ is $.50. At the end of the year, the spot rate is $.48. Based on this information, what is the effective financing rate for a U.S. firm that takes out a one-year, uncovered NZ$ loan?
Business
1 answer:
dlinn [17]3 years ago
6 0

Answer:

about −1.7%

Explanation:

% change in pound

=$0.48-$0.52/0.52

=-0.04/0.52

=-7.7%

Effective financing rate =

(1 + 6.5%)[1 + (−7.7%)] − 1

= about −1.7%

Therefore the effective financing rate for a U.S. firm that takes out a one-year, uncovered NZ$ loan is about -1.7%

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The FED is often referred to as the "_________________" Bank.
Leviafan [203]

Answer:

erfegr

Explanation:

6 0
3 years ago
The Japanese method of organizing for product design features: a. teams. b. product managers (champions). c. distinct department
Dvinal [7]

Answer:

The correct option is D, a single organization without subdivisions or individual teams.

Explanation:

Typically organizations are divided along functions and divisions.

A functional structure consists of different departments such as production,marketing ,finance.supply chain,maintenance, human resources and so on,with each function saddled with distinct responsibilities and having its own performance metrics.

Under a divisional structure, the firm is divided into division based on location or products with each division having different functions under it.

However, the Japanese method does not support divisionalization or departmentalization, instead advocated for an organization where everyone irrespective of specialty is seen as a member of a single team

8 0
2 years ago
The intensive care unit lab process has an average turnaround time of 26.2 minutes and a standard deviation of 1.35 minutes. The
olga55 [171]

Answer: yes

Explanation:

Upper specification = 30 minutes

Lower specification = 20 minutes

Average service = 26.26minutes

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7 0
2 years ago
Journalize the entries to correct the following errors:
Rzqust [24]

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

6 0
2 years ago
Peterson Photoshop sold $1,300 in gift cards on a special promotion on October 15, 2021, and sold $1,950 in gift cards on anothe
Anastaziya [24]

Answer:

$1,300

Explanation:

Given that,

On November 15, 2021

sold gift cards = $1,950

Of the gift cards sold in November,

Redeemed in November = $195

Redeemed in December = $455

Therefore, the deferred revenue is as follows

= November sales - Redemptions

=  November sales - (Redeemed in November + Redeemed in December)

= $1,950 - ($195 + $455)

= $1,950 - $650

= $1,300

4 0
3 years ago
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