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Rudik [331]
3 years ago
15

The one-year forward rate of the British pound is quoted at $1.63, and the spot rate of the British pound is quoted at $1.60. Th

e forward _______ is _______ percent
Business
1 answer:
AysviL [449]3 years ago
8 0

Answer:

The forward is discount, which is -1.8%

Explanation:

The forward rate is the rate of interest that is applicable or applied to the financial transaction, which will happen in the near future.

The percent is computed as:

= (Spot rate / Forward rate) - 1

where

Spot rate is $1.60

Forward rate is $1.63

Putting the values above:

= ($1.60 / $1.63) - 1

= $0.9815 - 1

= -1.8 %

which is forward discount.

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The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b.
Verdich [7]

Answer:

b. one Dollar can buy 0.738 Euros

Explanation:

Given that

The Current Exchange rate is

= $1.335 ÷ 0.738 Euro

The 0.738 represents the indirect exchange rate now transform it into direct exchange rate

Direct Exchange rate is

= $1 ÷ 0.738 Euro

= $1.3550

Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355

But the person could purchased at ask price only

Therefore the option b is correct

4 0
3 years ago
Twenty years ago, a family purchased a vacant lot for $26,500. they made no improvements during the time they owned the property
KonstantinChe [14]
To find the gross profit margin found by:
(revenue - cost of goods sold)/revenue

Revenue = $62,275
Cost of goods sold (purchase price) = $26,500

= (62,275 - 26,500)/62,275
= 35,775/62,275
= 0.57 x 100
Percentage of gross profit = 57%
3 0
3 years ago
Read 2 more answers
Lucas Diving Supplies Company, in its first year of business, had labor costs of $57,000, overhead costs of $88,000, materials p
WARRIOR [948]

Answer:

$162,000

Explanation:

The amount of cost of goods manufactured is computed as

= Labor cost + Direct materials purchased + overhead costs - ending balance of materials - ending balance of work in process

= $57,000 + $25,000 + $88,000 - $3,000 - $5,000

= $162,000

Hence, the cost of goods manufactured is $162,000

7 0
3 years ago
Adjusts the accounts at the end of each month. cruella's adjusting entry at the end of february should include a debit to rent e
Sauron [17]

After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.

<h3>What is an adjusting entry?</h3>

Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.

To learn more about adjusting entries, visit;

brainly.com/question/4035835

#SPJ4

8 0
1 year ago
Which resource management activity identifies and verifies that personnel are qualified.
Naddika [18.5K]

Credentialing resource management activity identifies and verifies that personnel is qualified.

<h3>What is management?</h3>
  • Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity.
  • It is both the science and the art of managing a company's resources.
  • Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
<h3>What roles does management play?</h3>
  • Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level.
  • These five responsibilities are a part of a corpus of guidelines and management-related beliefs.

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4 0
2 years ago
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