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
After freezing salaries for three years, Solo Music Publishers determined that employees with two to three years of experience w
dimulka [17.4K]

Answer: C) Benchmark against local and national markets

Explanation:

This is the best answer because Solo Music Publishers is losing employees to rivals because they offer better salaries. Should they then align their salary package to that of rivals at a local and national scale, they will become more competitive and hence more attractive. Baring other factors then, they should lose no more employees based on salary structure alone.

5 0
3 years ago
Ruth, a 58-year-old taxpayer, has a self-only health savings account (HSA) and was enrolled in a high-deductible health plan (HD
vodomira [7]

Answer:

(A) $1,000

Explanation:

Health Savings Account (HSA) is an account that offers tax advantages to those individuals who are covered under high deductible health plans(HDHPs).

Both Employers and Employees make contributions to such an account.

Under the laws, the maximum contribution allowable is $3400 by both employers and employees.

Such contributions can be used for qualified medical expenses.

Individuals who are above 55 years of age can contribute an additional $1000 per person per year as per the law which can be of much help to early retirees.

Hence, Ruth is allowed to make an additional contribution of $1,000.

7 0
3 years ago
Employees who record and are paid for the exact amount of time spent working are paid on a(n) _____ basis.
Svetllana [295]
I got hourly basis for my answer
8 0
3 years ago
Read 2 more answers
According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.
allsm [11]

Answer: $9,800

Explanation:

Payroll taxes = Social security + Medicare +State unemployment + Federal unemployment

= (110,000 * 6%) + (110,000 * 1.5%) + (25,000 * 5.4%) + (25,000 * 0.8%)

= 6,600 + 1,650 + 1,350 + 200

= $9,800

8 0
3 years ago
JUVE
s344n2d4d5 [400]

Answer:

Travel and tourism are vital in sports and entertainment because many people travel to attend or participate in sport events. Multigenerationalism is a factor that business look after as they must satisfy the demands of various generations within a family.

6 0
3 years ago
Other questions:
  • Labeling researchers focus on "extra legal" variables to explain differences in arrest and prosecution rates as well as entencin
    11·1 answer
  • PB1.
    11·1 answer
  • According to the quadrants of the social style matrix, which of the following should salespeople do when selling to expressives?
    10·1 answer
  • Which activity might require you to provide your social security number?
    5·1 answer
  • "
    14·2 answers
  • Match each component of a mortgage with its definition.
    11·1 answer
  • As price falls along a downward sloping ordinary demand curve (in the x1, p1 plane), consumer utility will Group of answer choic
    12·1 answer
  • Jim works as a professional wrestler under the character name, "Headhunter Jim the Death Dealer". Jim can register his character
    6·2 answers
  • The rapid economic growth of the 1980s and the cultural emphasis on accumulating wealth was partly caused by:________
    6·1 answer
  • Exercise 4-36 (Algo) Application of Overhead [LO 4-4, 4-6]
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!