Business, 07.03.2020 04:27 lclaudettecarte4720

The current U. S. dollarminusyen spot rate is 125yen/$. If the 90minusday forward exchange rate is 127 yen/$ then the yen is selling at a per annum of .

Answers: 2

Show answers

Answers

Answer from: coryintheswamp

1. Discount

2. 6.30%

Explanation:

1. Forward discount means that more units of a currency is needed to a unit of another currency in the future. In the question, 2 (127 - 125 = 2) more units of yen will be needed in the future to buy the same one unit of the US dollar.

2. To calculate the percentage of the forward discount, we use the forward discount formula as follows:

Forward discount = {[(1 ÷ Forward rate) - (1 ÷ Spot rate)] ÷ [1 ÷ Spot rate]} x {360 ÷ 90)}

Forward discount = {[(1 ÷ 127) - (1 ÷ 125)] ÷ [1 ÷ 125]} × {360 ÷ 90}

= {[0.007874016 - 0.008 ] ÷ [0.008]} × 4

= {-0.000125984 ÷ 0.008} × 4

= -0.015748 × 4

= -0.062992 = - 6.30% approximately.

Therefore, the negative sign shows that the yen is selling at a per annum discount of 6.30%. This indicates yen worth less in the future against the US dollar.

Answer from: maguilarz2005

The yen is selling at a per annum "DISCOUNT of -6.30%"

Explanation: This is a per annum discount, because the amount of dollar used in buying the yen has reduced, which made the $1 to be able to buy 127yen instead of 125yen.

To find the forward discount;

[(1 ÷ forward rate) - (1 ÷ spot rate) / (1 ÷ spot rate)] × (360 ÷ 90)

Spot rate = 125

Forward rate = 127

Therefore forward discount is

[(1÷127) - (1÷125) / (1÷125)] × (360÷90)

(-0.000126 / 0.008) × 4 = -0.063

Therefore forward discount = -6.30%

The negative sign means that it is a percentage discount

Answer from: Quest

answer; (a) conduct a worksite inspection;

Answer from: Quest

answer; marketing resource management;

Another question on Business

Business, 21.06.2019 21:00

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Answers: 1

Answer

Business, 22.06.2019 02:30

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairsâ€”factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.

Answers: 2

Answer

Business, 22.06.2019 07:30

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Answers: 1

Answer

Business, 22.06.2019 10:00

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Answers: 2

Answer

You know the right answer?

The current U. S. dollarminusyen spot rate is 125yen/$. If the 90minusday forward exchange rate is 1...

Questions