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Ann [662]
3 years ago
9

Don Howard is a trader who likes to make money based on changes in the foreigncurrency exchange market. Currently the spot rate

is 24.0239 MXN/USD and the3-month forward rate is 26.5693 MXN/USD. Clint thinks the exchange rate will moveto 25.3487 MXN/USD in the next three months. How can Don profit in the forwardmarket if he wants to trade USD1,000,000
Business
1 answer:
IrinaVladis [17]3 years ago
3 0

Answer:

Don profit in the forward market can be USD 48,152.37

Explanation:

Spot rate currently is at 24.0239 MXN/USD

Sell USD forward at 26.5693 MXN/USD

Profit on settlement after 3 months = (Selling price - buying price)*Number of units

Profit on settlement after 3 months = (26.5693 - 25.3487)*1,000,000

Profit on settlement after 3 months = MXN 1,220,600

The exchange rate is expected to move to 25.3487 by Clint

Hence, 1,220,600/25.3487 = USD 48,152.37

Don profit in the forward market can be USD 48,152.37 if hewants to trade USD 1,000,000

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Danita rescues dogs from her local animal shelter. when danita's income rises by 7 percent, her quantity demanded of dog biscuit
Anna007 [38]

Answer:

The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.

Explanation:

'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.  

'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.

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3 years ago
High SchoolBusiness 5 points
lidiya [134]

Answer: The aspect of the <u>SMART</u> goal that is missing is <u>Deadlines or Target date.</u>

Explanation:

Here <u>SMART</u> is abbreviated as <u>S</u>pecific, <u>M</u>easurable, <u>A</u>ttainable, <u>R</u>esult oriented and <u>T</u>ime bound. The aspect of the time bound has not been included in this respective scenario.

7 0
3 years ago
In 1903, for the first time in u.s. history, congress passed a law declaring that a person holding a specific political viewpoin
mojhsa [17]

In 1903, the congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation, these were the <u>anarchists</u>.

<h3>Who are the anarchists?</h3>

These are group of people that holds the theory that is skeptical of the justification of authority and power, they pursues that cluster of doctrines and attitudes centered on the belief that government is both harmful and unnecessary.

The first person to be call an anarchist was the French writer called Pierre-Joseph Proudhon. In his study, he argued that the real laws of society have nothing to do with authority but rather stem from the nature of society itself and he foresaw the eventual dissolution of authority and the emergence of a natural social order.

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6 0
1 year ago
olsan Technologies had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,
Effectus [21]

Answer:

$1,901,385

Explanation:

First unit produced by lambda took 5,000 hours to produce and required $30,000 worth of materials and equipment usage.

The second unit took 4,500 hours and used $24,000 worth of materials and equipment usage.

learning rate = time needed to produce second unit / time needed to produce first unit = 4,500 hours / 5,000 hours = 90%

materials and equipment usage rate = $24,000 / $30,000 = 80%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Olsan's accumulated cost for producing 20 more guidance controls

  • work hours = 4,500 x 14.61 (90% and 20 units) x $25 per hour = $1,643,625
  • materials and equipment = $24,000 x 10.74 (95% and 20 units) = $257,760
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5 0
2 years ago
1
adelina 88 [10]

Answer:

  • She then cuts potatoes into 1" chunks.
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Explanation:

Stewed Potatoes is a very popular dish in the South and can be prepared in various ways but there are methods that are universal.

One such method is to cut the potato into chunks then adding these chunks to water/ broth and then ingredients. When the potato boils, cook it at a low heat until it becomes the desired level of tender.

4 0
3 years ago
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