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Sever21 [200]
2 years ago
12

8. Effective Yield. A US investor obtain British pounds when the pound is worth $1.50 and invest in a one year-money market secu

rity that provides a yield of 5 percent (in pounds). At the end f one year, the investor converts the proceeds from investment to dollars at the prevailing spot rate of $1.52 per pound. Calculate the effective yield.
Business
1 answer:
Juliette [100K]2 years ago
4 0

Answer:

6.4%

Explanation:

money invest = $1.50 or 1£

interest earned = 1£ x 5% = 0.05£

total returns = 1.05£

now we convert them back to dollars = 1.05£ x $1.52/£ = $1.596

effective yield = (total return - initial investment) / initial investment = ($1.596 - $1.50) / $1.50 = 6.4%

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If the stock market was perfectly, efficient, which of the following would be true?
Allushta [10]

Answer: C) Stock prices would only change on unexpected news

Explanation:

If the stock market was perfectly efficient, it would mean that all known information is already reflected in the stock price. This includes both historical and current data.

For the stock price to change therefore, there would have to be unexpected news that are not already accounted for in the price and so will force it to react positively or negatively.

4 0
3 years ago
A customer at the checkout complains that they can't find the brand of shampoo that they came in for. When you check for them, y
olga_2 [115]

Here are the options:

A. Check the receiving room for the product to be in the shelves.

B. Let them no the truck comes in on Tuesday.

C. Tell the Customer to check back again later.

D. Show the Customer the other brands of Shampoo that's available on the shelf

Answer:

<u>D. Show the Customer the other brands of Shampoo that's available on the shelf.</u>

Explanation:

This is the option because it provides an opportunity to still make a sale. Remember, the customer only complained of not seeing a particular brand

It therefore, means that if shown other brands of Shampoo that's available on the shelf they may opt-in to buy them.

4 0
3 years ago
The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea
Aleks [24]

Answer:

The total factory overhead to be charged to the desk lamps is $235,000

Explanation:

solution attached below

8 0
3 years ago
Head-First Company plans to sell 5,800 bicycle helmets at $76 each in the coming year. Unit variable cost is $44 (includes direc
Romashka [77]

Answer:

1. 4,350 helmets

Explanation:

1. The computation of the number of helmets is shown below:

= (Total fixed cost + operating income) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $76 - $44

= $32

So, it would be

= ($49,600 + $89,600) ÷ ($32)

= ($139,200) ÷ ($32)

= 4,350 helmets

2. The contribution margin income statement is presented below:

Sales (4,350 × $76)                                          $330,600

Less: Variable cost  (4,350 × $44)                  ($191,400)

Contribution margin                                        $139,200

Less: Total Fixed cost                                     ($49,600)

Operating income                                            $89,600

8 0
3 years ago
Each of these statements is true if you work forty-five hours in the same pay period:
Lilit [14]

Answer:

You will have worked five hours overtime

Explanation:

In standard work hours in most companies/organizations, the work hours weekly is usually 40 hours.

So if on works for 45 hours in the same pay period, it means such a person has worked 5 additional hours which is overtime.

Thus, option C is correct.

7 0
3 years ago
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