Finance Exam #1 1. True or false? A pure arbitrage takes advantage of price discrepancies by buying low and selling high in such a way as to place no wealth at risk. 2. SKR is the ISO code for the Swedish Currency‚ the krona. A Swedish band quotes SKR 8/USD Bid and SKR 9/USD Ask. These quotes are in: A. American terms B. Direct terms from a U.S perspective C. Direct terms from a Swedish perspective D. Indirect terms from a Swedish perspective 3. U.S. bank quotes $1.27/€ ask (€ is
Premium United States dollar Currency Central bank
The first week of May‚ 2011‚ saw a broad commodities sell off‚ with commodity futures falling almost 7% and stocks linked to commodities down 5% from April 27‚ 2011 through May 5‚ 2011.1 Is this the end of the line for the bull market in commodities or just another stop along the way? Viewpoints caught up with Joe Wickwire‚ manager of Fidelity Global Commodity Stock Fund® (FFGCX | Get Prospectus Loading... )‚ for his thoughts on the recent sell off‚ and what it may mean for investors. What
Premium Investment
1.1) Belinda’s 2010-11 taxable income: Assessable Income Gross Salary $67‚500 Unfranked dividends $2‚300 Total Assessable Income $69‚800 Less Allowable deductions PAYG tax instalments deducted ($15‚500) Subscriptions ($130) Union fees ($600) Telephone expense ($280*30%) ($84) Total allowable deductions ($16‚314) Taxable Income $53‚486 Note: Stationery is considered to be expenditure of a private nature thus
Premium Investment Finance Financial markets
MKTG 489 – FINANCIAL EXERCISES (AY 2015) Due as an Excel (.xls) file via Titanium prior to class EXERCISE 1 Fred Flintstone has just become the product manager for Yabba Dabba Doo‚ a consumer packaged product with a retail price of $2.00. Retail margins on the product are 33%‚ while wholesalers take a 12% margin. Yabba and its direct competitors sell a total of 40 million units annually‚ and Yabba has 24% market share of this total. Variable manufacturing costs for Yabba are $0.09 per unit. Fixed
Premium Marketing Cost Variable cost
HelloALLLLL Monday‚ March 28‚ 2011 HelloAll (15-1) Net working capital F S Answer: b EASY 1. Net working capital‚ defined as current assets minus the sum of payables and accruals‚ is equal to the current ratio minus the quick ratio. a. True b. False (15-1) Net working capital F S Answer: b EASY 2. Net working capital is defined as current assets divided by current liabilities. a. True b. False (15-1) Working capital F S Answer: b EASY 3. An increase in any current asset must be
Premium Inventory Balance sheet Working capital
1. Cheers Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is CORRECT? (Points: 5) a. Cheers™ shareholders (the ex-partners) will now be exposed to less liability. b. Cheers will now be subject to fewer regulations. c. Assuming Cheers is profitable‚ of its income will be subject to federal income taxes. d. Cheers™ investors will be exposed to less liability‚ but they will find it more difficult to transfer
Premium Corporation Stock Corporate tax
CATFISH CAKES 4. CAJUN CATFISH SUPREME 5. LEMON PEPPER CATFISH RANE / FIN BREAM RANE OR KNOWN NAME FIN BREAM IS A SPECIES OF MARINE AND FRESHWATER FISH OF PORGY FAMILY‚ SPARIDAE. IT IS A DEEP-BODIED FISH‚ BUT IS GENERALLY DISTINGUISHED BY ITS YELLOWISH VENTRAL AND ANAL FINS. SOME OF POPULAR DISHES OF FIN BREAM ARE :- 1. STEAMED FIN BREAM 2. DEEP FRIED THREADFIN BREAM 3. FIN BREAM WITH WINE SAUCE 4. FIN
Premium Fish Salmon
Introduction Apple is a leading innovator in mobile device technology‚ which requires their customers to accept Apple’s (ever expanding) closed ecosystem. Originally‚ Apple’s closed ecosystem was not as widely accepted as Microsoft’s open ecosystem‚ but that has since changed. Now Apple provides a full range of apps‚ software and products that are interlinked and support their hardware seamlessly (unlike Microsoft products). When Apple releases a new product‚ the customer not only receives
Premium Weighted average cost of capital Apple Inc.
Unit 301 Communication and professional relationships with children‚ young people and adults. Outcome 1 Understand the principals of developing positive relationships with children‚ young people and adults 1.1 Effective communication is important in developing positive relationships with children‚ young adults and parents. There are many reasons why effective communication is important. Firstly having effective communication with parents and other adults is important
Premium Communication Nonverbal communication Graphic communication
Definitions Steven Puryear Fin 370 10-6-2011 Mrs. Watson Definitions 1. Finance- The science of funds management. 2. Efficient Market- A market in which the values of all assets and securities at any instant in time fully reflect all available information‚ which results in the market value and the intrinsic value being the same. 3. Primary Market- A market in which new‚ as opposed to previously issued‚ securities are traded. The primary market provides the channel for sale of new
Premium Bond Investment Finance