Finance: Problem Set 1 Question 1. An ANZ Bank currency trader working out of Wellington New Zealand wonders if she can make an intermarket arbitrage profit using Solomon Islands dollars (SBD) and Singapore dollars (SGD). If she has 10 million New Zealand dollars to work with and gathers the following quotes‚ calculate if she can make a profit (show your workings): National Australia Bank quotes NZD/SBD 5.7796 – 5.8241 Citibank quotes NZD/SGD 1.0148 – 1.0156 Commonwealth Bank quotes SGD/SBD
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Dollar General Case Study Analysis Background J.L. Turner and son Cal Turner founded Dollar General in 1939 as a wholesale dry goods retailer. They quickly changed their business to retail and opened their first dollar store in Kentucky‚ 1955. The company went public 14 years later and eventually Cal took over as president in 1977 and then became chairman in 1989. With the foundation of the company starting from a father and son‚ it is no wonder why Dollar General has a strong family culture.
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an established company in Columbus with the strongest market share already‚ and its position is being attacked on multiple fronts. On one end‚ the company is losing some price sensitive customers to supercenters‚ warehouse clubs‚ and most recently dollar stores and Aldi. On the other end‚ Whole Foods has three stores in the metro area‚ two of which were opened in the last five years and any further expansion could steal market share from Reed directly (though expansion had slowed so this was not
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have a convincing argument for the weakness of the dollar? Why or why not? How would you interpret the evidence? The controller of the Irish division does have a valid point when stating that the U.S. dollar is in a vulnerable position due to the fact that its trade deficit is currently in excess of $100 billion and growing. (see Exhibit 1). While Universal Circuits’ chief financial officer‚ Joe Merrill‚ is correct when stating that the dollar is in the middle of its twenty-year range‚ he never
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QUESTION 4 Explain how the formula for markup based on cost could be used to calculate cost‚ selling price‚ dollar markup‚ and percent markup. Pick a company and explain why it would mark up the goods based on cost rather than on selling price. Explain how the formula for markup based on selling price could be used to calculate cost‚ selling price‚ dollar markup‚ and percent markup. Pick a company and explain why it would mark up the goods based on selling price rather than on cost. Give an example
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Compute the amount of taxes at natural real GDP The amount of taxes at the natural real GDP is .2 x 11600=2320 (b) Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP. Because based on the information in the question and answer to part A: 2320‚ we see that taxes(money coming in) is less than government spending of 2610. This creates a deficit of -290billion. Also‚ it can
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During the nineteenth and twentieth century‚ the Industrial powers of the world had decided to move on and expand their territories by using Imperialism. Imperialism by definition is to expand a country’s power by gaining control over other areas of the world. World powers benefited greatly from this policy. They justified their motives for Imperialism as humanitarian efforts‚ nationalist views‚ superior and highly racist outlooks‚ and economics needs. But the greater purpose for Imperialism was
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prices or the nutritional value. Although McDonald’s and Burger King are two of the largest fast-food franchises in the world‚ they have dollar menus and different nutritional value. If she had a choice between the two popular fast-food restaurants which one would she choose? Basing her decision on the restaurants’ years of experience‚ what she could get on the dollar menu‚ and the different nutritional values. McDonald’s and Burger King were established in different years. McDonald’s was established
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Mexican peso to the United States dollar for a period of five years we can observe the ups and downs of the economy‚ what factors attribute to them‚ and why each currency is worth how much it is worth on the exchange rate scale. “When the U.S. dollar was introduced on April 2‚ 1792‚ it was based on the peso with the exchange rate of 1 dollar to 1 peso” (“What is the Mexican peso?‚ n.d.). Since that time the exchange rate of Mexican peso to United States dollar has changed considerably. Due
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rupee’s value is closely monitored by the Reserve Bank of India and maintained within a range based on the market forces and the relative value of a basket of currencies. For the sake of simplicity‚ we can look at how the rupee has moved against the US dollar (USD). The rupee’s report card The Indian rupee has been steadily declining in value over the last half a century. From `7.5 to the USD during the 1960s‚ it reached a level of about `17.50 in the late seventies and early eighties. There was a sharp
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