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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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Omega Corp. has entered into a transaction with Lively Inc. Omega Corp will give its equipment to Lively Inc. in exchange for Li
Nadusha1986 [10]

Answer:

Explanation:

A.

Equipment-from Lively    $260,000

   Accumulated Depreciation  Dr.$80,000

   Equipment-old                      Cr. $250,000

    Cash                                      Cr.$30,000

       Gain on Exchange                Cr.$60,000

B.    

Equipment-from Lively (212,000-35,000)      Dr.$177,000

Accumulated Depreciation                             Dr.$80,000

Loss on exchange (balancing figure)            Dr.$23,000

Equipment old                                                  Cr.$250,000

Cash                                                                   Cr.$30,000                                

7 0
3 years ago
A survey reveals that, on a small island, 175 people have jobs, 25 people are not working but are looking for jobs, and 90 peopl
joja [24]

Answer:

The answer is = 12.5%

Explanation:

The 175 people that have jobs are in unemployment (employed).

The 25 people that are not working but are looking for jobs are called unemployed.

The 90 people are neither working nor looking for work for work are not counted in the employment.

Therefore, the labor force is employed people + unemployed people.

Labor force is 175 + 25= 200 people.

So, unemployment rate is:

(unemployed people ÷ labor force) x 100

(25÷200) x 100%

=12.5%

3 0
3 years ago
Lauren makes $150 a day as a bank clerk. she takes two days off work without pay to fly to another city to attend the concert of
Juli2301 [7.4K]
The two days Lauren doesn't receive pay would be $150 × 2 = $300
Add on the cost of transportation & lodging: $300 + $250 = $550
Finally, add the cost of the concert ticket: $550 + $50 = $600

The opportunity cost of Lauren's decision to attend the concert is $600.
8 0
3 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

7 0
3 years ago
1) In your own words, explain the difference between simple interest and compound interest.
galben [10]
One interest is simple the other is compound......
6 0
4 years ago
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