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9966 [12]
3 years ago
12

If the expected proportionate change in the nominal exchange rate, measured in units of domestic currency per unit of foreign cu

rrency, is 2 % and the domestic interest rate is 6 %, then according to the uncovered interest parity condition, the foreign interest rate should be equal to:
Select one:
a. 6 % - 2 % = 4 %
b. 6 % + 2 % = 8 %
c. 6 % ÷ 2 % = 3 %
d. 6 % x 2 % = 12 %
Business
1 answer:
lianna [129]3 years ago
8 0

Answer:

a. 6 % - 2 % = 4 %

Explanation:

Uncovered interest parity condition is that expected change in nominal interest rate equals difference between the interest rates.

domestic interest rate - foreign interest rate = expected change in nominal interest rate .

6 percent - foreign interest rate = 2 percent

So, foreign interest rate = 6 percent - 2 percent = 4 percent

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See the "zane corbin, accounting major" case for this question. given the facts available in this case, do you believe the upchu
likoan [24]

No, Cobin should have been stay to see the result of the academic misconduct hearing because he has some facts available in this case.

<h3 /><h3>What is the William J Upchurch medal? </h3>

The William J Upchurch medal is a final undergraduate award, which is given annually to the outstanding seniors in the Hopkins college of Business.

The criteria for the award consists overall GPA, GPA in business courses, involvement in student organization etc.

The facts available in this case are: Cobin was attending the orientation session in his junior year, & went to two career fairs in the past two year. He was also a member for two years. He should stay to see the result of the academic hearing.

Learn more about the William J Upchurch medal here:-

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7 0
2 years ago
Frantic Fast Foods had earnings after taxes of $900,000 in 20X1 with 301,000 shares outstanding. On January 1, 20X2, the firm is
Semmy [17]

Answer:

A.$2.99

B.$1.15

Explanation:

Frantic Fast Foods

A.Computation of the earnings per share for the year 20X

Using this formula

Earnings per Share=Earnings after Taxes/Shares Outstanding

Let plug in the formula

900,000/301,000

=$2.99

The earnings per share for 20X1 will be $2.99

B. Computation of the earnings per share for the year 201X

Earnings after Taxes= 301,000 * 1.28 = 385,280

Shares Outstanding=301,000 + 32,000 = 333,000

Hence,

Earnings after Taxes/Shares Outstanding

385,280 / 333,000 = $1.15

Therefore the earnings per share for 20X1 will

be $1.15 .

5 0
3 years ago
Rebecca began taking
Naily [24]

Answer:

be more specific

Explanation:

6 0
3 years ago
Which type of lender is most likely to charge the highest interest rate?
jenyasd209 [6]

Answer:

<u>B</u>

Explanation:

Unlike the other options, <u>payday lenders</u> are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

4 0
2 years ago
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:
valentinak56 [21]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $40,000  

    To Common stock $2,000

    To Additional paid in capital $38,000

(Being issue of common stock is recorded)

2. Accounts receivables Dr, $18,800  

      To Service revenue $18,800

(Being service revenue is recorded)

3. Supplies Dr, $6,500  

       To Accounts payable $6,500

(Being supplies is recorded)

4. Treasury stock Dr, $20,900

[1,100 × $19]  

       To Cash $20,900

(Being treasury stock is recorded)

5, Accounts payable Dr, $18,100  

        To Cash $18,100

(Being cash paid is recorded)

6. Cash Dr, $50,700  

       To Service revenue $50,700

(Being cash received is recorded)

7. Cash Dr, $18,200  

      To Accounts receivables $18,200

(Being cash received is recorded)

8. Dividends Dr, $3,380

(16,000 + 2000 - 1,100) × $0.20

     To dividends payable $3,380

(Being dividends declared is recorded)

9. Cash Dr, $14,700

[700 × $21]

     To Treasury stock $13,300

[700 × $19]

       To Additional paid in capital $1,400

(Being cash is recorded)

10. Salaries expense Dr, $43,600  

        To cash $43,600

(Being salary expenses is recorded)

11. Utilities expense Dr, $7800  

      To utilities payable $7800

(Being  utilities expense is recorded)

12. Supplies expense Dr, $8,900

[$9,100 + $6,500 - $6,700]

       To supplies $8,900

(Being supplies expenses is recorded)

13. Depreciation expense Dr, $1,900

[$80,000 - $11,600] ÷ 3 × 1 ÷ 12  

       To Accumulated depreciation $1,900

(Being depreciation expense is recorded)

14. Income tax expense $2,700  

       To Income tax payable $2,700

(Being income tax expenses is recorded)

6 0
3 years ago
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