Answer:
This is what I found!
Explanation:
Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.
Given that <span>the U.S. dollar exchange rate increased from $0.96 Canadian in June 2011 to $1.03 Canadian in June 2012, and it
decreased from 81 Japanese Yen in June 2011 to 78 Japanese Yen in June 2012.
Between June
2011 and June 2012, the U.S. dollar appreciated against
the Canadian dollar.
Between June 2011 and June 2012,
the U.S. dollar depreciated against the Japanese Yen.</span>
Cash will be debited and sales will be credited by $6,120 and cost of good sold with be debited and inventory will be credited by $3,540.
A journal entry is the act of maintaining or producing records of any economic or the non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may have many records, each of which is either a debit or a credit.
The journal entry to record days cash sales would be as given below:
Cash (Dr) $6,120
To sales $6120
(Being cash sales of $6,120)
Cost of good sold (Dr) $3,540
To inventory $3,540.
(Being cost of cost of good sold)
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Answer:
1) strong form efficient.
Explanation:
The efficient market hypothesis states that all the relevant information regarding stocks traded in a market is already included in the price of the stocks.
This investment theory argues that if all the relevant information was public, then even if a person had insider information, it would be useless since everyone should have access to the same information. Of course this model is only theoretical, since in real life information is something very valuable and not everyone has access to it.
Answer:
To obtain the same returns, the interest rate in the United States should be 7.5%.
Explanation:
Since $ 1.58 dollars is equal to $ 1 euro, the difference between both currencies arises from the following calculation:
1 = 100
1.58 = X
((1.58 x 100) / 1) = X
158/1 = X
158 = X
Therefore, a euro is worth 58% more than a dollar is worth.
Thus, if the investment in Europe has an interest rate of 4.75%, to obtain the same return in dollars, an interest rate of 58% must be obtained, that is:
4.75 x 1.58 = X
7.5 = X
Thus, to obtain the same returns, the interest rate in dollars should be 7.5%.
