1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vichka [17]
3 years ago
8

You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dolla

r-pound exchange rate is quoted at $2.00 = £1.00.
If a bank quotes you a cross rate of £1.00 = €1.20, how much money can an astute trader make?
Business
1 answer:
olga_2 [115]3 years ago
8 0

Answer:

$41,666.667

Explanation:

The computation of the money astute trader make is

= Invested amount × (Euro exchange rate ÷ dollar exchange rate) × (Pound cross rate ÷ euro cross rate)  × dollar exchange rate

= $1,000,000 × (€1.00  ÷  $1.6) × (£1 ÷ €1.2) × $2

= $1,041,666.667

So, the money would be

= $1,041,666.667 - $1,000,000

= $41,666.667

You might be interested in
Which term best completes the statement below? Governments can levy ­­­­­­­­­­­­­­­­­­­ _____ and tariffs on imports. A. import
nadezda [96]
D. The correct answer is custom duties.
5 0
3 years ago
In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to wh
kobusy [5.1K]

Answer:

Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory

Explanation:

Cost of goods sold is the total direct costs of producing the goods sold by a company.

Cost of goods sold = cost of direct materials + cost of direct labour + Manufacturing Overhead  + Beginning work in process inventory – Ending work in process inventory

7 0
3 years ago
A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. The cost to order napkins is $200.00 per
ahrayia [7]

Answer:

xr72*444

Explanation:

for grey try r etc etc uhtgderyuûyffdeeerrrgtree

3 0
2 years ago
Lesley Torres is a project manager for the campaign​ "Action against Deforestation in​ Indonesia." She recently faced a glitch w
andrew11 [14]

Answer: (A) Controlling

Explanation:

According to the given question, Lesley Torres is the project manager in an organization and she organized a campaign against the deforestation in the Indonesia.

She performing the controlling function by managing all the schedules and also implementing the given process.

The controlling is one of the main function in the management as it ensure all the activities performed accurately and also helps in planning all the activities in an organization. It basically helps in meet the desirable goals of the company by setting a standard performance.

 Therefore, Option (A) is correct answer.

 

8 0
3 years ago
For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginn
Ludmilka [50]

Answer:

$35,000

Explanation:

Units started and completed means that out of the units completed and transferred, how many were started during the period. This figure is calculated in physical terms only. So there is no need to express any units in their equivalents.

So, this gives us an idea of how to calculate this :

Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process

therefore,

Units started and completed = 40,000 units - 5,000 units = $35,000

3 0
2 years ago
Other questions:
  • Explain why some people would rather risk taking a loss in a business of their own rather than work for a wage
    13·1 answer
  • The level of service exports worldwide increased more than _______ between 1980 and 2010
    14·1 answer
  • The greatest cost of conflict is the lost opportunity to convert a conflict situation to a positive impact. Group of answer choi
    11·1 answer
  • In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid
    12·1 answer
  • What is the purpose of a continuing resolution?
    12·1 answer
  • Indifference curves are A. concave to the origin. B. either convex or concave to the origin. C. convex to the origin. D. no spec
    9·1 answer
  • Sell or Process Further Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $
    7·1 answer
  • Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls
    7·1 answer
  • Many economists believe that the trend toward greater wage inequality across the u. S. Economy was primarily caused by _________
    14·1 answer
  • What are the 3 types of investors?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!