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Lesechka [4]
3 years ago
13

(Exchange rate arbitrage​) You own ​$10 comma 000. The dollar spot rate in Tokyo is 215.8906 yen​/$. The yen rate in New York is

given in the following​ table: LOADING.... Are arbitrage profits​ possible? Set up an arbitrage scheme with your capital. What is the gain​ (loss) in​ dollars? Hint​: Compare the​ Tokyo's direct quote with the New​ York's indirect quote. ​"Assuming no transaction​ costs, the rate between Tokyo and New York are out of line.​ Therefore, arbitrage profits are​ possible." Is the above statement true or​ false? True . ​(Select from the​ drop-down menu.) The yen is cheaper in Tokyo . ​(Select from the​ drop-down menu.) The amount of yen you could buy in Tokyo for ​$10 comma 000 is 2135839 yen. ​(Round to the nearest whole​ number.)
Business
1 answer:
allochka39001 [22]3 years ago
3 0

Answer:

Answer for the question:

(Exchange rate arbitrage​) You own ​$10 comma 000. The dollar spot rate in Tokyo is 215.8906 yen​/$. The yen rate in New York is given in the following​ table: LOADING.... Are arbitrage profits​ possible? Set up an arbitrage scheme with your capital. What is the gain​ (loss) in​ dollars? Hint​: Compare the​ Tokyo's direct quote with the New​ York's indirect quote. ​"Assuming no transaction​ costs, the rate between Tokyo and New York are out of line.​ Therefore, arbitrage profits are​ possible." Is the above statement true or​ false? True . ​(Select from the​ drop-down menu.) The yen is cheaper in Tokyo . ​(Select from the​ drop-down menu.) The amount of yen you could buy in Tokyo for ​$10 comma 000 is 2135839 yen. ​(Round to the nearest whole​ number.)

is given in the attachment.

Explanation:

Download pdf
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In its first month of operations, Windsor, Inc. made three purchases of merchandise in the following sequence: (1) 400 units at
mart [117]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Windsor, Inc. made three purchases of merchandise in the following sequence:

(1) 400 units at $5,

(2) 500 units at $7

(3) 600 units at $8.

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B)LIFO (last-in, first-out)

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6 0
3 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
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Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

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6 0
2 years ago
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