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3 years ago

Which option is best described as a complementary good for computer hard drives?

Business

1 answer:

Nutka1998 [239]3 years ago

8 0

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

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Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $0.306

Artemon [7]

Answer: $1639.3

Explanation:

From the question, we are informed that Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR) and that bank B quotes a bid rate of $0.306 and an ask rate of $0.310 for the ringgit.

The profit for an investor that has $500,000 available to conduct locational arbitrage goes thus:

Purchasing Malaysian ringgit (MYR) from bank A at the ask rate will be:

= $500,000/$0.305

= 1,639,344.3

Selling the Malaysian ringgit (MYR) at bank B based on the ask rate will be:

= 1,639,344.3 × 0.306

= $501,639.3

The profit for an investor that has $500,000 available to conduct locational arbitrage will be:

= $501,639.3 - $500,000

= $1639.3

5 0

3 years ago

According to proponents of the efficient-market hypothesis, the best strategy for a small investor with a portfolio worth $40,00

viktelen [127]

Answer:

E. Invest in mutual funds.

Explanation:

Individual investors tend to have relatively small portfolios and are usually unable to realize economies of size. The best strategy is to pool funds with other small investors and allow professional managers to invest the funds. Here, a fund manager is hired to invest the cash the investors have contributed, and the fund manager's goal depends on the type of fund; a fixed-income fund manager, for example, would strive to provide the highest yield at the lowest risk.

3 0

3 years ago

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title D

ryzh [129]

Answer:

$45,600

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The computation of the current asset is shown below:

= Cash + Accounts receivable + Prepaid insurance

= $23,000 + $16,000 + $6,600

= $45,600

5 0

3 years ago

Farmland Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was

Stells [14]

Answer:

Please see journal entries below

Explanation:

The entries below are made in the books of Farmland Corporation, the issuer of the bond.

Upon redemption, journal entries would be as follows.

Debit: Bond Account $396,000 (cash paid to bond investors)

Credit: Cash/Bank Account $396,000 (cash paid to bond investors)

Debit: Profit/Loss Account $8,000 (premium paid over carrying value of bond, calculated below: )

Credit: Bond Account $8,000 (premium paid over carrying value)

Premium over carrying value is calculated as follows:

Redemption value - carrying value

= $(\frac{redemption price}{carrying price} *face value) - carrying value$

= $(\frac{99}{100} *$400,000) - $388,000$

= $396,000 - $388,000

= $8,000

3 0

3 years ago

Equipment was acquired for $210,000 and has accumulated depreciation of $93,000. The business exchanges this equipment for new e

Alex787 [66]

Answer:

(A) gain $187,000

Explanation:

Please see attachment .

3 0

2 years ago