If interest rate parity is satisfied, there are no opportunities for covered interest arbitrage
What does this imply about the relationship between spot and forward exchange rates when the foreign currency money market investment offers a higher return than the domestic money market investment?
If the foreign currency money market investment offers a higher return (in the foreign currency) than the domestic money market investment, the foreign currency must be at a discount in terms of the domestic currency in the forward market. The forward discount locks in a capital loss when the transaction exchange risk is offset, which reduces the higher return of the foreign currency back to the lower return offered in the domestic money market.
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Which of the following best describes the use of XBRL style sheets?
A. Style sheets determine the formatting of numbers and text in the XBRL taxonomy. B. Style sheets are another name for XBRL instance documents. C. Style sheets allow for presentation of selected data from XBRL documents in a way that humans can read. D. Style sheets determine which elements may be used when companies submit their XBRL filing.
An employee who has been dismissed improperly accepts a job that is not comparable. Which of the following can be a subsequent course of action?
A) The employee can sue the prior employer for damages. B) The previous employer must offer salary compensation on a monthly basis, until the employee's new salary becomes comparable to the compensation at the previous job. C) The employee can sue the prior employer to recover his or her salary for one year. D) The employee can take no legal action against his or her prior employer after accepting a different job.
Business process reengineering is a tool for
A. radically redesigning and streamlining how an activity (workflow) is performed, by pulling the pieces of strategy-critical activities out of different departments and unifying their performance in a single department or cross-functional work group. B. the rapid redesign of an organization's structure so as to quickly create organizational competencies and capabilities. C. instituting total quality management. D. expediting the redesign of existing products and shortening the design-to-market cycle. E. making the most effective use of Six Sigma techniques.
Select the entry below to record the payment to employees for work performed during the pay period?
A. debit Salary Expense and credit Accounts Receivable B. debit Cash and credit Salary Expense C. debit Salary Expense and credit Cash D. debit Cash, and credit Accounts Receivable