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Artemon [7]
3 years ago
5

Assume the bid rate of an Australian dollar is $0.60 while the ask rate is $0.61 at Bank Q. Assume the bid rate of an Australian

dollar is $0.62 while the ask rate is $0.625 at Bank V. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage?
Business
1 answer:
jarptica [38.1K]3 years ago
3 0

Answer:

$16,393.44

Explanation:

Calculation for what would be your gain

Gain=$1,000,000/($0.61 per AUD)*$0.62 per AUD - $1,000,000

Gain=1,639,344*$0.62 per AUD - $1,000,000

Gain=$16,393.44

Therefore what would be your gain if you use $1,000,000 and execute locational arbitrage will be $16,393.44

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frosja888 [35]
The US has a form of capitalism with modest government interference with a current increasing tendency towards laissez-faire.
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3 years ago
In 2018, Ryan Management collected rent revenue for 2019 tenant occupancy. For financial reporting, the rent is recorded as defe
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Answer:

The Journal entries are as follows:

(i) In 2018,

Income Tax Expense A/c                      Dr. $24

Deferred Tax Assets A/c ($40 × 30%)  Dr. $12

To Income Tax Payable ($120 × 30%)                        $36

(Being income tax and deferred tax recorded for 2018)

(ii) In 2019,

Income Tax Expense A/c                         Dr.  $45

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To Deferred Tax Assets ($10 × 30%)                          $3

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6 0
4 years ago
Callahan and megan plan to invest in corporate securities. while callahan plans to retire next year on his 65th birthday, megan
madreJ [45]

Answer:

a. callahanb

Explanation:

Conservative investment strategy means investing in a less risky asset so the there is certain cash flow . Investment in govt bonds or treasury bills or company debentures etc of good rating are example of conservative investment strategy.

Old timers should opt for conservative investment . It is so because their risk bearing capacity is low. They can be reined in case of any windfall loss .

They have fixed liability in the form of medical expenses etc.

On the other hand youngsters have no such fixed liability . So they go for some risky alternative to take advantage of risk premium.

3 0
3 years ago
In its first year of operations, Wildhorse Co. recognized $33,700 in service revenue, $7,800 of which was on account and still o
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Answer:

accrued basis income: 14,300

cash basis income:        9,500

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revenues                   33,700

operating expense <u> (19,400) </u>

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paid expenses                     (13,600)

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4 0
3 years ago
How you might reorient yourself to your own job
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Answer:

well, first I would start off by listening to others. I would also try to get along with anyone who comes in the job. Sometimes, people take the credit of the work you do, so instead of taking it out on others, deal with it yourself. Everyone has different levels of stress, but it is never ok to take yours out on others. |

|

|

v

( this is the funny answer)

I would start by stop clogging stall number 2, I am truly sorry for our poor custodian Edna. Poor, poor Edna. I would also stop using the printer for putting stupid pictures in others offices. The last time I put my butt on the printer, printed it, and put it on Stevens computer. The only thing Steven was able to open was my hairy butt crack.. I'm sorry Steven. So, I am trying, but ya know, life is a working process..

( hope that this made you laugh)

3 0
4 years ago
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