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hram777 [196]
3 years ago
12

Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won

to be received on January 15, 2022. The following exchange rates applied:
Date Spot Rate Forward Rate to Jan.15
December 16, 2021 $ 0.00082 $ 0.00089
December 31, 2021 0.00080 0.00083
January 15, 2022 0.00086 0.00086
Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2021 at a:
Business
1 answer:
Stolb23 [73]3 years ago
5 0

Answer:

The correct option is (b)

Explanation:

According to the scenario, the foreign currency that original sold at the market is shown below:

= (Forward rate to Jan 15 - Spot rate) × paymen made

= ($0.00089 - $0.00082 ) × 20 million

= $0.00007 × 20,000,000

= $1,400 premium

hence, the foreign currency that originally sold at the market is $1,400 premium

Therefore the correct option is (b)

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Aaron has entered into a contract with wilson
swat32
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3 years ago
In what ways can shares be ""preferred""? In which ways are they similar and different from common shares? Give real-world examp
Usimov [2.4K]

Answer:

Ordinary shares and preferred shares are the two main types of shares that companies sell and are traded between investors in the open market. Each type grants shareholders a partial ownership of the company represented by the share.

Despite some similarities, common stock and preferred stock have some significant differences, including property related risk. It is important to understand the strengths and weaknesses of both types of actions before buying them.

Explanation:

Common Stock

First category of stock which is available for everyone i.e. public or common stock is the most common type of stock issued by companies. It gives shareholders the right to share the company's profits through dividends and / or capital appreciation. Common shareholders generally have voting rights, with the number of votes directly related to the number of shares they own. Of course, the company's board of directors can decide whether to pay dividends or not, and how much is paid.

The owners of common shares have "preference rights" to maintain the same proportion of ownership in the company over time. If the company distributes another offer of shares, shareholders can buy as many shares as necessary to keep their property comparable.

Common stocks have the potential to make a profit through capital gains. The performance and principal value of the shares fluctuate with changes in market conditions. The stocks, at what time when sold, may be worth more or less than their original cost. Shareholders are not sure of receiving dividend payments. Stockholders must consider their tolerance for investment risk before investing in common stock.

Preferred Stock

Preferred stocks are generally considered less volatile than common stocks, but generally have less earning potential. Preferred shareholders generally do not have voting rights, like common shareholders, but they have a greater claim on the company's assets. Preferred shares can also be "enforceable", which means that the company can buy shares from shareholders at any time and for any reason, although generally at a favorable price.

Preferred stock shareholders receive their dividends before common shareholders receive theirs, and these payments tend to be higher. Preferred stock shareholders receive fixed and regular dividend payments over a specific period of time, as opposed to variable dividend payments that are sometimes offered to common shareholders. Of course, it is important to remember that fixed dividends depend on the company's ability to pay as promised. In the event that a company declares bankruptcy, preferred shareholders are paid before common shareholders. However, unlike preferred shares, common shares have the potential to generate higher returns over time through capital growth. Remember that investments that seek to achieve higher rates of return also involve a greater degree of risk.

6 0
3 years ago
Money in the u.s. is essentially debt of?
Temka [501]

Money in the United States of America is essentially a debt of: the Federal Reserve System and the banks.

<h3>What is the Federal Reserve System?</h3>

The Federal Reserve System is also referred to as the "Fed" and it was enacted into law by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress. Also, it is just like all central banks and as such, it's considered as a United States government agency.

Basically, all the money in the economy of the United States of America is essentially a debt of the Federal Reserve System and all the chartered banks.

Read more on Federal Reserve here: brainly.com/question/23787400

#SPJ1

8 0
1 year ago
X and Y have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the
PolarNik [594]

Answer:

X would get $ 90,000 * 50,000/ 150,000= $ 30,000

Explanation:

Net income of $ 90,000 would be distributed in their profit sharing ratio which is 1:3 for X:Y

So X would get $ 90,000 * 50,000/ 150,000= $ 30,000

Y would get $ 90,000 * 100,000/ 150,000= $ 60,000

Net income is distributed after deduction of salaries and interest so it would not include the amount of salary  paid to partners.

8 0
3 years ago
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