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rodikova [14]
2 years ago
13

Assume that interest rate parity holds and that 90-day risk-free securities yield a nominal annual rate of 3% in the United Stat

es and a nominal annual rate of 3.5% in the United Kingdom. In the spot market, 1 pound 5 $1.29. a. What is the 90-day forward rate
Business
1 answer:
xxTIMURxx [149]2 years ago
4 0

Answer:

$1.55

Explanation:

Interest rate parity = (1+Rh) / (1+Rf) = F1 / S0

Rh = rate on home currency here US is home 3% p.a = 3%/4 = 0.75%

Rf= rate on foreign currency here Germany 3.5% p.a = 3.5%/4 = 0.875

F1 = Forward rate , S0= Spot market rate

So, (1+0.0075) / (1+0.00875) = F1 / 1.56

1.0075/1.00875 = F1 / 1.56

0.998761 = F1 / 1.56

F1 = 0.998761 * 1.56

F1 = 1.55806716

F1 = $1.55

Thus, the 90-day forward rate is $1.55

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In Kuehn v. Pub Zone, the intermediate appellate court whose decision is featured in the case summary ruled that the Pub Zone __
omeli [17]

Answer:

The correct word for the blank space is: did not.

Explanation:

The Kuehn v. Pub Zone is a court case where Karl Kuehn sued Maria Kerkoulas -the owner of Pub Zone bar in Union, New Jersey- because Kuehn was beaten by a motorcycle gang inside the men's bathroom of Pub Zone. Kerkoulas had knowledge of the irrational behavior of motorcycle gangs in the area though, on the day when the attack took place, the Pagan's gang surpassed security in Pub Zone yet Kerkoulas decided to attend them. Later, the gang was heading towards the back of the pub. Kerkoulas thought they were leaving but they were following Kuehn to the men's bathroom where he was seriously injured.

Kuehn sued Pub Zone and the jury awarded $300,000 in damages but the trial court judge overruled the jury's decision and Pub Zone ended up owing nothing to Kuehn. <em>The owner of a business is not the insurer of the customers and has no duty on any care of one of them until a major event occurs</em>. Then, even if Kerkoulas knew about the behavior of the motorcycle gang, she is not responsible for the care of Kuehn on the gang attacking him.

3 0
3 years ago
Compute the current output of the economy. round your answer to at least three decimal places. do not include commas, dollar sig
Molodets [167]

Current output Y = AK^(alfal)L^(1- alfa)

Here A = 100

K= 50,000

L = 100

a ( Alfa) =o.33

Y= 100*(50,000)^0.33*(100)^0.66= 5642.296

Calculus. The analysis is the most common type of mathematics in economics. Calculus uses a variety of formulas to measure limits, functions, and derivatives. Many economists use calculus in measuring economic information.

Mathematics and Economics are complementary fields. Most areas of modern economics make extensive use of mathematics and statistics, and several important areas of mathematical research have been motivated by economic problems.

No. Economics Mathematics is not difficult. Economics is not a particularly difficult undergraduate subject. ...but the most prepared economics majors choose to take mathematics courses at roughly the same level as mathematics majors, and many even choose to double major.

Learn more about Current here;

brainly.com/question/25759088

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8 0
1 year ago
Given: Cost of goods manufactured of $410,000; beginning finished goods inventory of $110,000 and ending finished goods inventor
Dafna1 [17]

The unadjusted cost of goods sold is $395,000

<h3>What is cost of goods sold?</h3>

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.

The unadjusted cost of goods is computed as:

= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )

= $410,000 - ( $125,000 - $110,000)

= $410,000 - $15,000

= $395,000

Hence, the unadjusted cost of goods sold is $395,000

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5 0
1 year ago
A customer paid $250 using a check for purchases made in the first week of January. The bank statement received at the end of th
vodka [1.7K]

Answer:

Credit to cash for 250

Explanation:

As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.

And, in the bank statement it is shown that it was a NSF check.

Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

3 0
2 years ago
The liaison role of a manager encompasses relationships with subordinates, including communication and influence, whereas the le
Paul [167]

Answer: False

Explanation: Managers act as liaisons when making contacts with people outside of their area of responsibility, both inside their organization and outside in the world at large. Being a liaison involves networking, but it is far more than just amassing the most friends on your profile. It is about linking people with resources. What do resources mean in the context of the liaison role? Resources could be other people, money, information, space, influence, or goods and equipment.The challenging role of the manager is accountable to senior executives for performance and to front-line employees for guidance, motivation, and support. It is common for managers to feel as if they are pulled between the demands of top leaders and the needs of the individuals performing the work of the firm.Managers then schedule activities that will lead to achieving those goals. Leaders tend to be more strategic: they must become problem solvers able to see the big picture while also identifying specific things that affect overall success.

3 0
2 years ago
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