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hoa [83]
4 years ago
8

Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Man

itoba, Canada. The current spot rate is $1.01/C$ and the forward rate is $1.02/C$. Under conditions of equilibrium, management would use ________ today when preparing operating budgets.A) $102,000B) $101,000C) $100,000D) none of the above
Business
1 answer:
Tanzania [10]4 years ago
5 0

Answer:

A) $102,000

Explanation:

The computation of the amount used today for preparing the operating budget is shown below:

= Contract value × forward rate

= $100,000 × $1.02

= $102,000

For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.

All other information which is given is not relevant. Hence, ignored it

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Answer:

The correct answer is:  A novation.

Explanation:

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Ornaments, Inc., is an all-equity firm with a total market value of $663,000 and 32,800 shares of stock outstanding. Management
Dvinal [7]

EPS = $1.44 (after rounding off)

<u>Explanation:</u>

<u>The calculation of Earnings per share is as follows: </u>

Particulars                                   Amount

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7 0
3 years ago
If the mps in an economy is 0.1, government could shift the aggregate demand curve rightward by $40 billion by question 3 option
ikadub [295]

Answer:

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Explanation:

A rightward shift of aggregate demand means that aggregate demand is increasing.

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3 years ago
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