Use this table to answer the next two questions.The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021.Euros Required to Buy 1 U.S. DollarDateJanuary 1, 2021February 1, 2021March 1, 2021April 1, 2021May 1, 2021June 1, 2021July 1, 2021August 1, 2021Between January 1, 2021, and April 1, 2021, the U.S. dollara. depreciated; neither appreciated nor depreciatedb. appreciated; depreciatedc. depreciated; appreciatedd. appreciated; neither appreciated nor depreciatede. neither appreciated nor depreciated; depreciated0.8230.8280.8300.8490.8320.8170.8430.843against the euro, and the euroagainst the U.S. dollar.

Answered: Image /qna-images/answer/2b6ad713-37d7-432f-afa3-142bbff219f0.jpg

Use this table to answer the next two questions. The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021. Euros Required to Buy 1 U.S. Dollar 0.823 Date January 1, 2021 February 1, 2021 March 1, 2021 April 1, 2021 May 1, 2021 June 1, 2021 July 1, 2021 August 1, 2021 Between January 1, 2021, and April 1, 2021, the U.S. dollar_ O a. depreciated; neither appreciated nor depreciated O b. appreciated; depreciated O c. depreciated; appreciated O d. appreciated; neither appreciated nor depreciated e. neither appreciated nor depreciated; depreciated 0.828 0.830 0.849 0.832 0.817 0.843 0.843 against the euro, and the euro against the U.S. dollar.

Use this table to answer the next two questions. The following table shows the number of euros required to buy one U.S. dollar between January 1, 2021, and August 1, 2021. Euros Required to Buy 1 U.S. Dollar 0.823 Date January 1, 2021 February 1, 2021 March 1, 2021 April 1, 2021 May 1, 2021 June 1, 2021 July 1, 2021 August 1, 2021 Between January 1, 2021, and April 1, 2021, the U.S. dollar_ O a. depreciated; neither appreciated nor depreciated O b. appreciated; depreciated O c. depreciated; appreciated O d. appreciated; neither appreciated nor depreciated e. neither appreciated nor depreciated; depreciated 0.828 0.830 0.849 0.832 0.817 0.843 0.843 against the euro, and the euro against the U.S. dollar.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use the following information on the U.S. dollar value of the pound sterling to answer the question. Forward Rate for Spot Rate August 16, 2024 Delivery $1.380 $1.375 1.390 1.400 May 16, 2024 June 30, 2024 August 16, 2024 On May 16, 2024, a U.S. company takes delivery of £100,000 in merchandise from a U.K. supplier. The company will pay the supplier £100,000 on August 16. On May 16, the company also enters a forward contract to buy £100,000 on August 16, 2024. On August 16, the company purchases £100,000 using the forward contract, and pays the supplier. The company's accounting year ends June 30, and it sells the merchandise in September 2024. What is the net effect on fiscal 2025 income of exchange rate changes due to the merchandise purchase and the forward contract? Select one: 1,388 1,400 a. $2,200 net gain b. No effect c. $200 net loss d. $200 net gain ←
Suppose the exchange rate between U.S. dollars and British Pounds is $1.00 = 1.56 Pounds and the exchange rate between the U.S. dollar and the Euro is $1.00 = 1.15 Euros. What is the direct quote cross rate of one Pound to the euro? (How many Euros will one Pound purchase?) Instruction: Type your answer in euros, and round to two decimal places
The following accounts are denominated in rubles as of December 31, 2020. For reporting purposes, these accounts need to be stated in U.S. dollars. For each account, indicate the exchange rate that would be used to translate the ruble balance into U.S. dollars under the current rate method. Then, again for each account, indicate the exchange rate that would be used to remeasure the ruble balance to U.S. dollars using the temporal method. The company was started in 2015. The buildings were acquired in 2016 and the patents in 2018. Exchange rates for 1 ruble are as follows: 2015 1 ruble = $ 0.28 2016 1 = 0.26 2018 1 = 0.25 January 1, 2020 1 = 0.24 April 1, 2020 1 = 0.23 July 1, 2020 1 = 0.22 October 1, 2020 1 = 0.20 December 31, 2020 1 = 0.16 Average for 2020 1 = 0.19
Use the following information on the U.S. dollar value of the euro to answer the question. Forward Rate for Spot Rate April 30, 2024 Delivery $1.130 $1,140 October 20, 2023 November 1, 2023 December 31, 2023 April 30, 2024 Select one: 1.148 1.100 1.170 On October 30, 2023, a US company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company €100.000 on April 30; 2024 On October 30, the US company also enters a forward contract to sell €100,000 on April 30, 2024. The company delivers the merchandise to the customer on November 1, On April 30, the company receives €100,000 from the customer and sells it using the forward contract. The company's accounting year ends December 31. What net gain or loss is recognized in 2023, in addition to sales revenue? esc a $500 net loss b. 1800 net gain, c. $800 net loss d. $500 net gain 3.145 1165 1.170 * 8: MacBook Air & FL 40 # 6-41 16 W 19 F M m
The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Thursday, August 30, 2018 Direct Quotation:U.S. Dollars Required toBuy One Unit ofForeign Currency(1) Indirect Quotation:Number of Units ofForeign Currency perU.S. Dollar(2) Australian dollar 0.7264 1.3767 Brazilian real 0.2409 4.1504 British pound 1.3009 0.7687 Canadian dollar 0.7702 1.2984 Chinese yuan 0.1461 6.8448 Danish krone 0.1565 6.3889 EMU euro 1.1670 0.8569 Hungarian forint 0.00357015 280.10 Israeli shekel 0.2767 3.6136 Japanese yen 0.00901 110.99 Mexican peso 0.0523 19.1133 South African rand 0.0679 14.7205 Swedish krona 0.1096 9.1200 Swiss franc 1.0317 0.9693 Venezuelan bolivar…
If euros sell for $1.71 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to four decimal places. euros per dollar
Use the following forward and spot prices for Canadian dollars (CS) to answer the question below. The prices are in U.S. dollars ($/C$). Forward rate for 4/15/20 Spot rate delivery of Canadian dollars $0.695 0.750 0.715 0.740 November 15, 2019 December 31, 2019 March 1, 2020 April 15, 2020 $695,000 Ⓒ$705,000 On November 15, 2019, a U.S. company takes delivery of merchandise costing C$1,000,000 from a Canadian supplier and records an account payable. On the same date, the company enters a forward contract locking in the U.S. dollar purchase price of C$1,000,000, for delivery on April 15, 2020. The forward contract is closed and payment is made to the supplier on April 15, 2020. The company's accounting year ends on December 31. Assuming the company still holds the merchandise at December 31, 2019, at what amount is the merchandise reported? $750,000x $0.705 0.765 Ⓒ$765,000 0.720 0.740
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2977 3.3586 Euro 1.2183 .8208 Mexican Peso .0752 13.2989 Swiss Franc 1.0163 .9840 Chilean Peso .002071 482.80 New Zealand Dollar .8086 1.2367 Singapore Dollar .8010 1.2485 a. If you have $200, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 5.90 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to…
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2994 3.3406 Euro 1.2456 .8028 Mexican Peso .0752 13.2998 Swiss Franc 1.0352 .9660 Chilean Peso .002071 482.80 New Zealand Dollar .8080 1.2376 Singapore Dollar .8004 1.2494 a. If you have $275, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 4.10 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to…
You can exchange $1 for either .9102 euro or .7233 British pounds. What is the cross-rate in terms of pounds per euro?
Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60 days. You sold all of them in the US market at $400 in cash on Dec 15, 2018. The company's fiscal year ends on Dec 31. You paid to your German supplier on Feb 1, 2019. Below, please find the exchange rate information: Dec 1, 2018: 1.2 $/€. Dec 31, 2018: 1.5 $/€ Feb 1, 2019: 1.0 $/€ What was net income for 2018 and 2019, respectively? Group of answer choices A) -$50, $150 B) $250, -100 C)$200, $100 D)$250, $100

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