Answer:
1) Buy 10 ounces of gold with the 350 dollars
2) Sell the 10 ounces of gold for £200
3) Exchange £200 for 360 dollars
Explanation:
Due to the difference between the exchange rate in gold and currency, a 2.1% (1.80 / 1.75) advantage can be obtained.
You start in the gold market with 350 dollars which are equal to 10 ounces of gold which are equal to £200. This according to the gold prices, witch generate a 1.75 exchange rate.
Then you go to the financial market where the exchange rate is larger (1.80) and with the £200 you get 360 dollars.
Income taxes, payroll taxes, and corporate income taxes
i guess the correct answer is conciseness
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Khalida is checking for conciseness.
Answer:
Total cash flow from operations $58.3 million
Explanation:
We can calculate the net cash flow effect from operating activities by making the following adjustments.
Net Income 53 m
Add: depreciation 4.1 m
Less: Gain on asset disposal (1.9 )m
Add: Reduction in receivables 2.5 m
Less: Reduction in payable (2.7)m
Add: Reduction in inventory 3.3 m
Total cash flow from operations $58.3 million
Gain on asset is part of the investing activities cash flow.
Hope that helps.
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