Answer:
True
Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.
Answer:
If British interest rates suddenly increase substantially relative to U.S. interest rates, the demand by U.S. investors for British pounds <u>increases</u>, and the British pound will <u>appreciate.</u>
Answer:
No, a currency carry trade with positive profit can not be conducted.
Explanation:
The currency carry trade is the trading strategy where investor funding from lower-yield currency to invest in higher-yield currency with expectation to earn positive profit from the yield differences between the two currencies.
However, this strategy only works when the difference is big enough to compensate for the depreciation ( if any) of the higher-yield currency against the lower-yield currency.
With the given information, the strategy will not work because the depreciation of NZ$ against US$ after one-year is too big to be compensated for the yield difference.
For specific example, suppose the strategy is conducted, in 2008, an investor will borrow, for example, US$1 at 4.2%, exchange it to NZ$1.71. Then, invest NZ$1.71 at 9.1%.
In 2019, an investor will get NZ$1.86561 (1.71 x 1.091). The, he/she exchanges at the 2019 exchange rate, for US$1.36176 (1.86561 / 1.37). While at the same time, he will have to pay back 1 x 1.042 = US$1.042 => The loss making in US$ is US$0.32.
Answer:
$78,540
Explanation:
Given that,
Beginning balance = $65,800
Direct material = $67,400
Direct labor = $186,600
Transfer to finished goods inventory = $353,220
December 31 balance in work-in-process inventory:
= Beginning balance + Direct material + Direct labor + Manufacturing overhead - Transfer to finished goods inventory
= $65,800 + $67,400 + $186,600 + (60% × $186,600) - $353,220
= $65,800 + $67,400 + $186,600 + $111,960 - $353,220
= $78,540
<span>The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________?
Contrast</span>
