Answer:
Accounts Receivable (baht)
3,000
Foreign Currency Transaction Gain
3,000
Explanation:
U.S. dollar equivalent value: = $31,000/.031 = 1,000,000
$31,000 = Baht 1,000,000 x $.031 March 1 spot rate
$34,000 = Baht 1,000,000 x $.034 May 10 spot rate
$3,000 = Baht 1,000,000 x (.031 - .034) Gain
1 dollar = 34.66 thai baht
I'm pretty sure the answer is A.) An agreement that removes trade barriers, such as import tariffs and quotas
Answer:
Option (d) is correct.
Explanation:
Given that,
Reserve requirement = 0.08
Demand deposits = $200,000
Holding in reserves = $4,000
Reserve required:
= Reserve Requirement ratio × Amount of demand deposits
= 0.08 × $200,000
= $16,000
Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.
Answer:
7% annually
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity. It is the long term return of the bond which is expressed in annual term.
Face value = F = $1,000
Coupon payment = $1,000 x 8.4% = $84/2 = $42 semiannually
Selling price = P = $1,043
Number of payment = n = 3 years x 2 = 6
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $42 + ( $1,000 - $1,043 ) / 6 ] / [ ( $1,000 + $1,043 ) / 2 ]
Yield to maturity = [ $42 - 7.16 ] / $1,021.5
Yield to maturity = 0.0341% = 3.41% semiannually = 6.82% annually
Rounded off to whole percentage 7%
Answer:
rules and regulations for fund transfers
Explanation:
Article 4A of the Uniform Commercial Code establishes the rules and regulations for fund transfers. Like mentioned in the question this regulates the creation as well as the collection of commercial wire transfers, such as bank transfer, checks and even deposits.This is done in order to prevent fraud and make sure all money is tracked and accounted for legally.