(or U.S.) rate of 35%. Dorchester will borrow $1‚500‚000 at the concessionary loan rate of 7.75% per annum. Optimally‚ Dorchester should borrow the remaining funds it needs‚ £1‚000‚000‚ in pounds sterling because according to the Fisher equation‚ the real rate is less for borrowing pounds sterling than it is for borrowing dollars: 5.98% or .0598 = (1.1075)/(1.045) - 1.0 versus 6.31% or .0631 = (1.095)/(1.03) - 1.0. Kud = 15%. Calculation of the Present Value of the After-Tax Operating Cash
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QUESTIONS 1. Explain Gresham’s Law. Answer: Gresham’s law refers to the phenomenon that bad (abundant) money drives good (scarce) money out of circulation. The phenomenon was often observed under the bimetallic standard under which both gold and silver were used as means of payments‚ with the exchange rate between the two metals fixed. 2. Explain the mechanism which restores the balance-of-payments equilibrium when it is disturbed under the gold standard. Answer: The adjustment mechanism
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policy related to the title. Main Body 1.1Causes and effects of financial crisis Causes The interest of mortgage loan increased rapidly The housing market getting cooler Effects The UK Bank shrank‚ heavily debt A serious decline in the value of sterling It is difficult to survive for UK companies. People lost jobs. Society became unstable. 2.1 The measures For UK Tax reduction in VAT‚ the corporate tax and personal tax. tax increase‚ raised cigarette‚ wine‚ the fuel consumption tax rate
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Case study 3 Liti Katerina 1. Explain how the Sports Exports Company could utilize the spot market to facilitate the exchange of currencies. Be specific. ANSWER: The Sports Exports Company would have an account with a commercial bank. As it receives payment in pounds each month‚ it would deposit the check at a bank that provides foreign exchange services. Each month‚ the bank would cash the check‚ and then convert the British pounds received into dollars for the Sports Exports Company at
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Troy Bishop2013-07-01T15:17:00of Troy Bishop2013-07-01T15:17:00Troy Bishop2013-07-01T15:17:00Troy Bishop2013-07-01T15:18:00Troy Bishop2013-07-01T15:18:00were Troy Bishop2013-07-01T15:18:00Troy Bishop2013-07-01T15:18:00to Troy Bishop2013-07-01T15:18:00do Troy Bishop2013-07-01T15:18:00Troy Bishop2013-07-01T15:19:00sh Troy Bishop2013-07-01T15:19:00Troy Bishop2013-07-01T15:28:00‚ Troy Bishop2013-07-01T15:29:00Troy Bishop2013-07-01T15:29:00so Troy Bishop2013-07-01T15:29:00to Troy Bishop2013-07-01T15:29:00Troy
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Currency Conversion Test Procedure Display Menu Test Cases Test Case 1: Valid Selection = Canadian Dollars Inputs: Menu Selection = 1 Expected Outputs: “Do you want to continue with the conversion: Y = Yes‚ N = No” Currency Type = 1 Test Case 2: Invalid Selection = Russian Rubels Inputs: Menu Selection = > 5 Expected Outputs: “Invalid menu selection‚ please pick a different selection.” Test Case 3: Quit = N Inputs: Quit = N Expected Outputs: “Do you want to continue
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Application-Level Requirements List 1. The program screen should display the title of the program with a welcome. 2. A description of how the program will be used. 3. User has 5 currencies (Canadian dollars‚ Mexican Pesos‚ English Pounds‚ Yen‚ and Francs) to choose from to convert to dollar amount or vice versa. 4. Program displays the dollar amount the chosen currency is equivalent to. 5. User has an option to quit the program or restart any with any other currency to convert. Input-Process-Output
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Program Pseudocode Currency_Convertor Main Module Delcare USDollars As Float Declare Rate1 As Float Declare Rate2 As Float Declare Rate3 As Float Declare Rate4 As Float Declare Rate5 As Float Declare Candian_Dollars As Float Declare Mexican_Pesos As Float Declare English_Pounds As Float Declare Japanese_Yen As Float Declare French_Francs As Float Declare Display_Selection As Int Declare Currency_Type As String Declare Display_Selection As Int Declare GIV as Float Declare DRInput
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1) Children were subjected to far harsher conditions with little to gain. Food was scarce and hardly edible. the punishments for incompetance and tardiness had become far more severe. 2) The investigator probably asked because women have long been thought of as the weaker sex. andand punishing a girl or women the same as you a man whilst leaving marks would be considered brutal‚ barbaric and overtly cruel. 4) William Hart explains that 10 hour work days would lower his profits‚ which was something
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1. Why is GM worried about the yen? GM’s concern about fluctuations in the Yen is due not only to the impact on GM’s costs‚ but the fact that Japanese competitors face reduced costs when the Yen is depreciating. Also‚ with increasing profit margins‚ end-price to consumer can be lowered and lead to gain in market share for Japanese competitors. Research had shown that a 10 Yen appreciation to the dollar reduces operating profit by $4 billion 2. How important is GM’s competitive exposure?
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