Answer: $1639.3
Explanation:
From the question, we are informed that Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR) and that bank B quotes a bid rate of $0.306 and an ask rate of $0.310 for the ringgit.
The profit for an investor that has $500,000 available to conduct locational arbitrage goes thus:
Purchasing Malaysian ringgit (MYR) from bank A at the ask rate will be:
= $500,000/$0.305
= 1,639,344.3
Selling the Malaysian ringgit (MYR) at bank B based on the ask rate will be:
= 1,639,344.3 × 0.306
= $501,639.3
The profit for an investor that has $500,000 available to conduct locational arbitrage will be:
= $501,639.3 - $500,000
= $1639.3
Answer:
The journal entry to record the bond issuance is shown below:
Explanation:
The journal entry to record the bond issuance is as:
Cash A/c.............................................Dr $420,000
Bonds Payable A/c......................Cr $420,000
Being the bonds issued
As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.
Answer:
Dealer "B" at $5,595.00
Explanation:
Comparison of cost charges for dealer A and dealer B will have to include the one-year maintenance offered by dealer B.
The cost for dealer A will be
maintenance for one year= $75 x 12= $900
cost of the car= $4,995.00.
total cost for dealer A
= $4,995.00 + $900
=$5,895
The cost from dealer B is $5,595.
Dealer B has the better deal as they are cheaper by $300
( $5,895- $5,595)
Answer:
$600,000
Explanation:
For computing the overhead applied first we have to find out the predetermined overhead rate
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)
= $800,000 ÷ 200,000 hours
= $4
Now the overhead applied is
= Actual direct labor-hours × predetermined overhead rate
= 150,000 hours × $4
= $600,000
Answer:
Conference/Seminars
Explanation:
Conference/Seminar is a form of social event in which a group of people with similar interest gather in a certain place in order to talk/discuss about a specific issue.
Typically, every conferences/seminars will invited several people as the 'speakers' . These speakers are chosen based on their experience or knowledge in that specific issue.
In the case above, Jack is most likely attending a business conference and the speaker is someone who has a business experience for over 4 years.
