Ricardo works as a manager in a department store. He earns a base annual salary of $30,000 plus a 3% commission of his department’s sales. If his department’s sales for the month average $40,000, what will Ricardo earn each month?

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?