The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's profit margin?
A) 20%
B) 80%
C) 44.4%
D) 18%
A
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Suppose 1 U.S. dollar equals 1.60 Canadian dollars in the spot market. 6-month Canadian securities have an annualized return of 6% (and thus a 6-month periodic return of 3%). 6-month U.S. securities have an annualized return of 6.5% and a periodic return of 3.25%. If interest rate parity holds, what is the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market?
A. 1 U.S. dollar = 0.6235 Canadian dollars B. 1 U.S. dollar = 0.6265 Canadian dollars C. 1 U.S. dollar = 1.0000 Canadian dollars D. 1 U.S. dollar = 1.5961 Canadian dollars E. 1 U.S. dollar = 1.6039 Canadian dollars
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Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well
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Duties of an insured after a collision loss covered under the PAP include which of the following?
I. Take reasonable steps to protect the vehicle from further damage. II. Admit fault if the insured believes he or she caused the collision. A) I only B) II only C) both I and II D) neither I nor II