1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
In their simplest form, bonds are pure ________. a) debt b) equity c) hybrid security d) current assets
melomori [17]

In their simplest form, bonds are pure a) debt.

<h3>What are bonds?</h3>
  • A bond may be a debt security, almost like an IOU.
  • Borrowers issue bonds to boost money from investors willing to lend them money for a certain amount of time.
  • When you buy a bond, you're lending to the issuer, which can be a government, municipality, or corporation.
  • In return, the issuer promises to pay you a specified rate of interest during the lifetime of the bond and to repay the principal, also referred to as face value or par value of the bond, when it "matures," or comes due after a group period of time.
<h3>What sorts of bonds are there?</h3>

The main types of bonds are:

  • Investment-grade
  • Corporate bonds
  • Municipal bonds
  • High-yield bonds

To learn more about bonds: brainly.com/question/17405470

#SPJ4

5 0
2 years ago
As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has
Alex17521 [72]

Answer:

The management should adopt skimming pricing strategy.

Explanation:

For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

7 0
3 years ago
Read 2 more answers
When Steven askes questions in an open-minded way, he avoids:
Elenna [48]
Attacking someone else's opinion. I hope this helps!
3 0
3 years ago
Read 2 more answers
Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on
love history [14]

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

5 0
3 years ago
Which phrase correctly defines the motives of a business? A. satisfying the needs of people B. helping a country's economy grow
liubo4ka [24]

Answer:

d

Explanation:

8 0
4 years ago
Read 2 more answers
Other questions:
  • What is the first step the manager takes when a subordinate is having difficulty carrying out a delegated task?
    8·1 answer
  • Explain how and why governments may want to regulate the price setting of a natural monopoly.
    6·1 answer
  • On february​ 1, a corporation has 30 comma 00030,000 shares of $ 1$1 par value common stock issued and outstanding. the corporat
    5·1 answer
  • An investment of cash by stockholders into the business will
    9·1 answer
  • Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $1
    6·1 answer
  • Dominic is a customer of Apexoria Credit Union she has $22,978 in a checking account and $2,000 in Saving how much of Dominique'
    11·1 answer
  • You are considering an investment in Crew Cut, Inc. and want to evaluate the firm's free cash flow. From the income statement, y
    8·1 answer
  • What does it mean to be a good economic citizen
    8·1 answer
  • Under rent control, bribery is a potential mechanism to:________
    9·1 answer
  • The Bombay Company, Inc., sold a line of home furnishings that included furniture, wall decor, and decorative accessories. Bomba
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!