Foreign currencies that are deposited in banks outside the home country are known as A. Eurobond. B. Eurocurrencies. C. foreign bonds. D. Eurodollars.

Answers

Answer 1

Answer:

Answer: option (B). Eurocurrencies

Explanation: Euro currency is currency deposited by nationals governments or corporations, outside of its home market. Eurocurrency is a currency commonly held in banks located outside of the country which issues the currency. Moreover is is pertinent to note that the term Eurocurrency applies to any currency and to banks in any country. Having Euro doesn’t mean the transaction has to involve European countries.

Eurocurrency is when an institution uses money from another country, but not in the originating country’s home market, and despite the name, Eurocurrency can involve any currency. For example Nigeria Naira deposited at a bank in United state is Eurocurrency.

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"________ is an area that allows member states to freely move components of production such as capital and labor across borders"
The returns on the Bledsoe Small-Cap Fund are the most volatile of all the mutual funds offered in the 401(k) plan. Why would you ever want to invest in this fund? When you examine the expenses of the mutual funds, you will notice that this fund also has the highest expenses. Does this affect your decision to invest in this fund?
Suppose the economy only produces three goods: bread, laptops, and movies. Calculate the CPI of 2008, using 2004 as the base year.

Swifty Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women’s Shoes Men’s Shoes Children’s Shoes Contribution margin $304,020 $ (3) $202,680 Controllable fixed costs 112,600 (4) (5) Controllable margin (1) 101,340 106,970 Sales 675,600 506,700 (6) Variable costs (2) 360,320 281,500 Prepare a responsibility report for the Women’s Shoes Division assuming (1) the data are for the month ended June 30, 2020, and (2) all data equal budget except variable costs which are $5,630 over budget. SWIFTY INC. Women’s Shoe Division Responsibility Report For the Month Ended June 30, 2020 Difference Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $

Answers

Answer:

(1) Controllable margin $ 191420

(2) Variable Costs$ 371580

(3) Contribution Margin $ 146380

(4)Controllable fixed costs $45,040

(5) Controllable fixed costs $ 95710

(6) Sales $ 484,180

Explanation:

The workings have been done to show the results.

Swifty Inc.

Women’s Shoes Men’s Shoes Children’s Shoes

Sales 675,600 506,700 (6) $ 484180

Variable costs (2)$ 371580 360,320 281,500

C. Margin $304,020 $ (3)146380 $202,680

(2) Variable Costs = Sales - Contribution Margin= 675600- 304020=

$ 371580

(3) Contribution Margin= Sales - Variable Costs = 506,700-360,320 = $ 146380

(6) Sales = Contribution Margin + Variable Costs= 281,500 +$202,680 = $ 484,180

Swifty Inc.

Women’s Shoes Men’s Shoes Children’s Shoes

Sales 675,600 506,700 $ 484180

Variable costs $ 371580 360,320 281,500

C. Margin $304,020 $ 146380 $202,680

Controllable

fixed costs 112,600 (4) $45,040 (5) $ 95710

Controllable margin (1) $ 191420 101,340 106,970

(1) Controllable margin=Contribution Margin-Controllable fixed costs

= $ 304,020 -112,600 =$ 191420

(4) Contribution Margin- Controllable margin=Controllable fixed costs

$ 146380 - 101,340 = $45,040

(5) Contribution Margin- Controllable margin=Controllable fixed costs

$202,680 - 106,970 = $ 95710

The 15-year, $1,000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is $1,085, and the market's required yield to maturity on a comparable-risk bond is 10 percent. a. Compute the bond's yield to maturity.
b. Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond.
c. Should you purchase the bond?

Answers

Answer:

A) YTM 7.06%

B) $847.8784

C) No I will not as it is overpriced.

Explanation:

A) the yield to maturity is calculate as the rate at which the present value of the coupon payment and maturity equals the market price.

It is done by approximation or using excel or financial calculator.

YTM using goal seek excel: 0.070630268 = 7.06%

Using this rate rounded:

Present value of the coupon payment.

$C * (1-(1+r)^(-time) )/(rate) = PV\n$

C: 1,000 x 8% = $ 80.00

time 15 years

YTM: 0.076

$80 * (1-(1+0.0706)^(-15) )/(0.0706) = PV\n$

PV $725.8798

$(Maturity)/((1 + rate)^(time) ) = PV$

Maturity: $1,000

time 15 years

YTM: 0.076

$(1000)/((1 + 0.0706)^(15) ) = PV$

PV 359.41

PV coupon $725.8798 + PV maturity $359.4110 = $1,085.2909

B) Present value of the bond at comparable-risk YTM:

$C * (1-(1+r)^(-time) )/(rate) = PV\n$

C: 1,000 x 8% = $ 80.00

time 15 years

comparable risk rate: 0.1

$80 * (1-(1+0.1)^(-15) )/(0.1) = PV\n$

PV $608.4864

$(Maturity)/((1 + rate)^(time) ) = PV$

Maturity $ 1,000.00

time 15 years

comparable risk rate: 0.1

$(1000)/((1 + 0.1)^(15) ) = PV$

PV 239.39

PV coupon $608.4864 + PV market $239.3920 = $847.8784

I will not purchase as it is overvalued:

1,085 - 847.88= 237.12

Final answer:

a. The bond's yield to maturity is 8.46%. b. The value of the bond to you is $800. c. It may not be a good investment to purchase the bond.

Explanation:

a. To compute the bond's yield to maturity, we can use the formula: Yield to Maturity = (Annual Interest Payment + (Face Value - Current Price) / Number of Years) / ((Face Value + Current Price) / 2). Plug in the values we have: Annual Interest Payment = $1,000 * 8% = $80, Face Value = $1,000, Current Price = $1,085, Number of Years = 15. Yield to Maturity = ($80 + ($1,000 - $1,085) / 15) / (($1,000 + $1,085) / 2) = 8.46%.

b. To determine the value of the bond to you, we can use the formula: Value of Bond = Annual Interest Payment / Yield to Maturity. Plug in the values we have: Annual Interest Payment = $80, Yield to Maturity = 10%. Value of Bond = $80 / 10% = $800.

c. Should you purchase the bond? Since the current market price of the bond is higher than the value of the bond to you, it may not be a good investment. You would be paying more than the bond's actual value, which would lower your potential return on investment.

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lauren is 17 years old. She report earned income of $3,000 and unearned income of $6,200. Is it likely that she is subject to the kidie tax? Explain.

Answers

Answer:

Following are the solution to this question:

Explanation:

Yes, at the end of the year Lauren is now under the age of eighteen but her salary is much more than $2,100, and she's eligible to its Kiddie levy. Notice that perhaps the child's net unpaid wages are a kiddie tax base. Net income that is undeserved shall be less than total salary of even an unarned infant minus $2,100 or tax payable of the child. Here, Lauren's Tax Income is measured as gross income of $9,200, minus her $3,350 = $5,850. That gross taxes unattained minus 2,100 dollars was estimated as 6.200 dollars less 2,100 dollars = 4,100 dollars taxed to use a fide and interest deduction schedule. The other $1,750 is paid 10 percent of Lauren's cost.

Consider a firm's short-run cost curves. If average total cost is increasing as output rises, thenSelect one:
a. total fixed costs must be increasing
b. average variable cost must be increasing,
c. marginal cost must be below average total cost.
d. average fixed costs must be increasing.
e, average total cost is no longer equal to the sum of average variable cost and average fixed cost.

Answers

Option (a) total fixed costs must be increasing if the average total cost is increasing as output rises.

What happens to the average fixed cost when production increases in the short term?

In the short term, as a company's output increases, its average fixed cost decreases. Fixed costs remain the same regardless of the number of products produced. As performance improves, the fixed cost contribution per unit decreases.

On the short-term curve, much of the initial downslope is due to lower average fixed costs. Increasing the variable input return at low output levels also plays a role, but the slope is due to the decreasing limit variable input return.

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Just got home I will be home was my morning night

One year ago, you purchased 100 shares of Southern Foods common stock for $41.60 a share. Today, you sold your shares for $39.70 a share. During this past year, the stock paid $1.40 in dividends per share. What is your dividend yield on this investment?

Answers

Answer:

Dividend yield= 3.53%

Explanation:

The dividend yield is the proportion of the market price that is earned as dividend. The higher the dividend yield the better for the investor.

The dividend yield is calculated as follows:

Dividend yield = Dividend paid /Current market price per share × 100

Dividend yield = 1.40/39.70× 100= 3.52

Dividend yield= 3.53%

The average annual return on the S&P 500 Index from 1986 to 1995 was 15.8 percent. The average annual T-bill yield during the same period was 5.6 percent. What was the market risk premium during these ten years?

Answers

Answer:

10.20%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

where.

The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.

So, the market risk premium would be

= Average annual return - average annual t-bill yield

= 15.8% - 5.6%

= 10.20%

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