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Anuta_ua [19.1K]
2 years ago
14

the fijian dollar is currently trading for AUD 2.55. if the interest rate in australia is 5.5% and the interest rate in New Zeal

and is 6.5% what would be the one year forward exchange rate
Business
1 answer:
Roman55 [17]2 years ago
4 0

Since the interest rate in Australia is 5.5% and the interest rate in New Zealand is 6.5%, then the one-year forward exchange rate is 1 Fijian dollar equals 2.53 AUD.

The information given from the question is that 1 Fijian dollar = 2.55 AUD.

Based on the information, the foreign currency is Fijian dollar while the home currency is AUD. Therefore, the forward rate will be:

= 2.55 × [(1 + 5.5%) / (1 + 6.5%)

= 2.55 × (1.055 / 1.065)

= 2.55 × 0.99

= 2.53

In conclusion, 1 Fijian dollar equals 2.53 AUD.

Read related link on:

brainly.com/question/25435079

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We will have to construct an amortization table as shown below to calculate the principal payment in the 4th payment

Month Payment Interest Principal Outstanding

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7 0
3 years ago
Which of the following items is a wardrobe essential for both men and women?
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3 years ago
Mrs. Beach bought shells at a gift shop. The red shells (r) were $0. 75 each, and the white shells (w) were $0. 49 each. The tot
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The next guesses of the clerk should be less of red shells and more of white shells.

<h3><u>Decision about less of white and more red shells</u>:</h3>

Given that,

   Red shell [r] costs         =       $0.75 each.

   White shell [w] costs     =        $0.49 each.

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The clerk guesses that the $4.96 for 4 red shells and 4 white shells is greater than the actual purchase.

Therefore,

The clerk should make use of less red shells, and more of white shells, because the unit costs of red shell is more than the white shell.

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2 years ago
The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead ra
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Answer: Option (C) is correct.

Explanation:

Given that,

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Direct labor-hours = 6,000

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In Dept. B,

Direct labor cost = $40,000

Manufacturing overhead = $45,000

Direct labor-hours = 9,000

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Predetermined overhead rates in Dept. A = \frac{Manufacturing\ Overhead}{Direct\ labor\ cost} \times 100

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3 years ago
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