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Musya8 [376]
2 years ago
9

Trans-Atlantic Quotes. Separated by more than​ 3,000 nautical miles and five time​ zones, money and foreign exchange markets in

both London and New York are very efficient. The following information has been collected from the respective​ areas: London New York Spot exchange rate ($/€) 1.3268 1.3268 1-year Treasury bill rate 3.902 % 4.497 % Expected inflation rate Unknown 1.248 % a. What do the financial markets suggest for inflation in Europe next​ year? b. Estimate​ today's 1-year forward exchange rate between the dollar and the euro. a. What do the financial markets suggest for inflation in Europe next​ year? The rate the financial markets suggest for inflation in Europe next year is nothing​%.
Business
1 answer:
kiruha [24]2 years ago
8 0

Answer:

Trans-Atlantic Quotes.

Separated by more than? 3,000 nautical miles and five time? zones, money and foreign exchange markets in both London and New York are very efficient. The following information has been collected from the respective? areas:

London New York

Spot exchange rate ($/€) 1.3265 1.3265

1-year Treasury bill rate 3.904% 4.499%

Expected inflation rate Unknown 1.247 %

a. What do the financial markets suggest for inflation in Europe next? year?

b. Estimate? today’s 1-year forward exchange rate between the dollar and the euro. ?(Round to three decimal? places.)

Explanation: Because this is known that the SER is about 1.3265 1.3265 the expected inflation rate would be a ?

1.247

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Disclaimer- The question was incomplete. Check below the full question.

Anderson Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2020, at an amount in excess of Kenneth's fair value. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). Anderson has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). On December 31, 2018, Anderson has equipment with a book value of $975,000 but a fair value of $1,350,000 and Kenneth has equipment with a book value of $105,000 but a fair value of $125,000.

If Anderson applies the initial value method in accounting for Kenneth, what is the consolidated balance for the Equipment account as of December 31, 2018?

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