The self-service kiosks enhance customer service and productivity, which increases the likelihood that both customers and businesses will have a good attitude.
In essence, a self-service kiosk is a tool that enables a customer to communicate directly with a business and receive a service at their convenience. The most prevalent illustration of this is getting tickets at a railway or bus stop. You simply walk up to the self-service kiosk, hand over your cash, and receive a ticket without having to stand in line or seek help. Self-service kiosks are also extensively used at quick-pay restaurants, where the idea is to speed up the ordering and food delivery processes. These kiosks are handy for more than simply business transactions; offices also use them to check in their vendors, and airports make use of their features to let you check in and out of hotels.
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You intend to purchase a 10 year ,10000 face value bond that pays interest of 800 every six months.If your norminal annual required rate of return is 10 percent with semi-annually compounding ,how much should you be willing to pay for this bond ? What's the current yield
Answer:
Market price = $13,738.49
Explanation:
The yield to maturity of the bond is 8% x 2 = 16%
You require a 10% return, so the present value of the bond should be:
PV of face value = $10,000 / (1 + 5%)²⁰ = $3,768.89
PV of coupon payments = $800 x 12.462 (PVIFA, 5%, 20 periods) = $9,969.60
Market price = $13,738.49
suppose you deposit $2,000 into bank of america and that the required reserve ratio is 10 percent. how does this affect the bank's balance sheet?
When you deposit $2,000 into Bank of America, the bank is required to hold 10% of the deposit as reserves, as per the required reserve ratio. In this case, the required reserve would be $200. Therefore, Bank of America would keep $200 as reserves and lend out the remaining $1,800 to other borrowers.
This would increase the bank's assets by $1,800 (loans made) and its liabilities by $2,000 (deposits received). The bank's balance sheet would look like this:
Assets:
- Loans made: $1,800
Liabilities:
- Deposits received: $2,000
Reserves:
- Required reserves: $200
The bank's balance sheet would reflect an increase in its assets and liabilities, but the overall impact on the bank's balance sheet would be the same since the required reserve ratio is a fixed percentage. Therefore, even though the bank has loaned out $1,800, it still has enough reserves to meet the required reserve ratio.
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In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details and examples from your lesson. Provide specific detail and in depth discussion of at least two of the element areas requiring higher pay.
Answer:
As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.
On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.
And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.
PLS HELP ME :(
What causes the national debt to increase?
A. The federal government borrowing money from other countries
B. The value of goods imported into the country greatly increasing
C. The Federal Reserve setting a higher discount rate for banks
D. The national unemployment rate rising for consecutive quarters
Answer:
im pretty sure it would be A
Explanation:
the responsibilities for admitting, seating, and providing for the general comfort of the audience fall to the group of answer choices house manager. assistant stage manager. director. designer.
The house manager, option A, is in charge of admitting guests, seating them, and ensuring their general comfort.
During the show's run, the house manager is in charge of making sure everything runs smoothly in the house, which is normally the foyer and the seating area for the audience. Before, during, and just after the performance, house managers greet guests and look out for their safety and welfare.
The ushers who take tickets and direct customers to their seats are also scheduled, trained, and under their supervision. Additionally, prior to the performance, they conduct a "walk-through" to make sure the theater is tidy and attractive for the audience.
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Correct question:
The responsibilities for admitting, seating, and providing for the general comfort of the audience fall to the: group of answer choices:
house manager.
assistant
stage manager.
director.
designer.
who here from K12? (sorry for asking this question)
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
Which checking account transaction will NOT reduce John’s checking account balance
Answer:
A deposit into John's checking account will NOT reduce his checking account balance
if you were providing advice to a manager new to the hiring process, which of the following would a good suggestion for conducting interviews?
If you were providing advice to a manager new to the hiring process, a good suggestion for conducting interviews would be to prepare questions ahead of time. Conducting interviews is a crucial process for hiring new employees in any organization.
It provides an opportunity for the hiring managers to assess the candidates' capabilities and make an informed decision. The following are some suggestions for conducting interviews for a manager new to the hiring process.1. Prepare questions ahead of time. Before the interview, prepare a list of questions that relate to the job description and responsibilities. This helps to ensure that the questions are relevant to the position and that each candidate is asked the same set of questions.2. Establish a rapport with the candidate.
Make sure that you greet the candidate warmly and make them feel comfortable. Establishing a rapport with the candidate will help to put them at ease and encourage them to speak freely.3. Listen attentively. During the interview, listen carefully to what the candidate says and take notes. This will help you to assess their capabilities and evaluate their suitability for the job.4. Allow the candidate to ask questions. After the interview, allow the candidate to ask questions about the job.
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United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $40,000 in materials and equipment usage. The second took 3,600 hours and cost $32,000 in materials and equipment usage. Labor cost is charged at $20 per hour. The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls. Use and a. What will the last unit cost to build? (Round your answer to the nearest dollar amount.) b. What will be the average time for the 20 missile guidance controls? (Round your answer to the nearest whole number.) c. What will the average cost be for guidance control for the 20 in the contract? (Round your answer to the nearest dollar amount.)
The average cost for guidance control for the 20 in the contract is $112,000, rounded to the nearest dollar amount.
a. Calculation of last unit cost to buildThe cost of producing the first unit of the cruise missile guidance control is $40,000 and it took 4,000 hours to complete. Therefore, the labor cost for the first unit can be calculated as:
4,000 hours × $20/hour = $80,000
For the second unit, the cost was $32,000 and it took 3,600 hours to complete.
Therefore, the labor cost for the second unit can be calculated as: 3,600 hours × $20/hour = $72,000
The average cost per guidance control for the 20 units in the contract = $2,240,000/20 units = $112,000 .
Thus, the total labor cost for both the units = $80,000 + $72,000 = $152,000
Therefore, the average labor cost per hour = $152,000/7,600 hours = $20/hour
Hence, the cost of producing the last unit can be calculated as:
(20 hours × $20/hour) + $32,000 = $400 + $32,000 = $32,400
Therefore, the last unit will cost $32,400 to build.b.
Calculation of the average time for the 20 missile guidance controls
To calculate the average time for the 20 missile guidance controls, we can use the average time per unit of the first two units.
The total time taken to produce the first two units = 4,000 + 3,600 = 7,600 hours
Therefore, the average time per unit = 7,600 hours/2 units = 3,800 hours
Thus, the average time to produce 20 missile guidance controls = 3,800 hours × 20 units = 76,000 hours
Therefore, the average time for the 20 missile guidance controls is 76,000 hours, rounded to the nearest whole number.c.
Calculation of the average cost for guidance control for the 20 in the contract
The total cost of producing the first two units = $40,000 + $32,000 = $72,000
The total labor cost for the first two units = 4,000 hours × $20/hour + 3,600 hours × $20/hour
= $80,000 + $72,000 = $152,000
Therefore, the total cost to produce the first two units including labor = $72,000 + $152,000 = $224,000
The cost per unit for the first two units = $224,000/2 units = $112,000
Therefore, the total cost of producing 20 units can be calculated as:20 units × $112,000/unit = $2,240,000
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You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Which estimating technique makes the most sense to use in this situation?
Answer:
Delphi technique
Explanation:
The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision
Therefore in the given case, the delphi technique is used
the four primary determinants of quality such that a product or service satisfies its intended purpose are .
The four primary determinants of quality are design, Conformance, Ease of Use and After-Delivery Service.
What is customer satisfaction?CSAT is a metric used to assess how well a company's goods and services live up to consumer expectations. By demonstrating how well your items are connecting with consumers, it indicates the health of your firm.
How pleased a consumer was with a support interaction or a purchase is measured by customer satisfaction. On the other side, customer loyalty is a constant. Over time, repeat business is given to a business by loyal clients. It is a long-term understanding of the state of your consumer connection rather than a short-term indicator. Customers return time and time again when you design and uphold an engaging customer experience. Gaining that long-term customer loyalty requires ensuring high levels of short-term customer satisfaction.
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The case of FTC v. Standard Education was important in the legal transitiona. toward the principle of caveat emptor.b. toward something like the ignorant consumer standard.c. toward the reasonable-person standard.d. that removed power from the Federal Trade Commission (FTC)
Option b is correct. The FTC v. Standards Education lawsuit was important in the legal transition to something like standards for ignorant consumers.
The standard also supports basic consumer protection (as set out in the UN Consumer Protection Guidelines) by increasing levels of quality, safety, reliability, efficiency and compatibility.
The right to freely choose goods and services. Right to remediation if consumer rights are violated.
The court concluded that rational consumers read and evaluate communications as a whole. If a reasonable consumer interprets the communication as misleading, importance is assessed by asking whether it frustrates a reasonable consumer's ability to respond intelligently.
A consumer is any individual or group that purchases or uses goods or services solely for their personal use, not for manufacture or resale. They are the end users of the distribution chain.
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Kelly, a production supervisor, is responsible for ten employees who assemble components into a finished product. Kelly is a
Kelly is the first line manager.
What is first line manager?First-line managers are the entry level of management, the individuals “on the line” and in the closest contact with the workers. They are directly responsible for making sure that organizational objectives and plans are implemented effectively.
They can be assistant managers, foremen, shift managers etc. they look after the internal issues of the organization.
Thus the Kelly who is held as a production supervisor, is responsible for 10 employees for assembling the components into finished product refers to the First line managers.
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the constant growth stock valuation model can't be used under which of the following conditions? group of answer choices a zero growth rate a negative growth rate. a growth rate less than the stock's required return. a growth rate greater than the stock's required return.
D) Under a growth rate greater than the stock's required return, the constant growth stock valuation model cannot be applied.
Describe growth stock.Any stock in a company that is expected to increase in value significantly faster than the market as a whole is considered a growth stock. Typically, these stocks don't pay dividends.
This is so because companies that issue growth stocks typically want to reinvest any earnings they generate to hasten growth in the short term. When investing in growth stocks, investors hope to profit from capital gains when they eventually decide to sell their shares in the future.
What Qualifies as a Growth Stock?
When it comes to stocks, "growth" refers to the company's significant potential for capital growth. These are frequently newer, smaller-cap companies, or those operating in expanding industries like biotechnology or technology. Growth stocks frequently have high P/E ratios despite having low or even negative earnings.
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assume sony uses a periodic inventory system. beginning inventory on january 1 was understated by $30,800, and its ending inventory on december 31 was understated by $15,400. in addition, a purchase of merchandise costing $21,700 was incorrectly recorded as a $2,170 purchase. none of these errors were discovered until the next year. as a result, sony's cost of goods sold for this year was:
The cost of goods sold for Sony is overstated by $55,930 due to the inventory errors and incorrect recording of purchases.
Beginning inventory understatement by $30,800, ending inventory understatement by $15,400, and incorrect recording of a purchase by $19,530 ($21,700 - $2,170) all result in an overstatement of inventory.
This overstatement of inventory leads to an understatement of cost of goods sold by the same amount, which in this case is $55,930 ($30,800 + $15,400 + $19,530). Therefore, Sony's cost of goods sold for the year is overstated by $55,930 due to the inventory errors and incorrect recording of purchases.
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What is cash flow?...................................
Answer:
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company's ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow
Explanation:
Which best describes how businesses convert raw data into information?
The process by which businesses convert raw data into information is known as data processing.
Data processing involves a series of steps and transformations that turn raw data into meaningful and useful information. These steps typically include:
Data Collection: Businesses gather data from various sources, such as customer transactions, surveys, sensors, or online interactions.
Data Entry: The collected data is manually or electronically entered into a system for further processing. This step ensures that the data is organized and structured for analysis.
Data Cleaning: Data cleaning involves removing errors, inconsistencies, and irrelevant information from the collected data. This step ensures the accuracy and integrity of the data.
Data Transformation: In this step, raw data is transformed and manipulated to extract meaningful insights. This may involve aggregating data, performing calculations, or applying statistical methods.
Data Analysis: Businesses use various techniques, such as statistical analysis, data mining, or machine learning algorithms, to extract patterns, trends, and relationships from the processed data. This analysis helps businesses gain insights and make informed decisions.
Data Visualization: The analyzed data is presented visually through charts, graphs, dashboards, or reports. Data visualization makes it easier for stakeholders to understand and interpret the information.
Information Dissemination: The final step involves communicating the processed information to relevant stakeholders within the organization. This can be done through presentations, reports, or data sharing platforms.
Overall, the conversion of raw data into information involves a combination of data collection, cleaning, transformation, analysis, visualization, and dissemination to extract valuable insights and support decision-making processes.
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Which method of production is most suitable to producing movies (films)?
a.Mass production
b.Batch production
C.Job production
D.Cellular production
Answer:
a.Mass production
Explanation:
Mass production also known as flow or continuous production is used when identical and standardized items are to be produced. This method usually make use of assembly lines thereby making large number of identical products.
Mass production is suitable when the volume of the item to be produced is large making many copies of an item quickly. This method is based on division of labor and use of modern methods.
As project manager, which of these three projects would you like to plan? You can choose whichever one you like; there is no incorrect answer here. Select an option from the choices below and click Submit. Project 1: in-store kiosk, for customers to enter their measurements and virtually try on clothes. Needs to be made well and cheaply. Project 2: smartphone app, allowing the user to scan the tag on a store item to get more information. Needs to be made quickly and cheaply. Project 3: new website and online catalog, to replace swazzi's outdated current one. Needs to be made quickly and well.
As a project manager, I would like to plan project 3, i.e., a new website and online catalog, to replace Swazzi' s outdated current one. This project needs to be made quickly and well. Project 3: New website and online catalog This project is important for Swazzi as it helps them to replace their outdated website and online catalog.
In today's digital world, a company's online presence plays an important role in determining its success. Therefore, Swazzi needs a new website and online catalog to provide the users with a more user-friendly interface and to improve their shopping experience. A website and an online catalog need to be made quickly, as the longer it takes, the more frustrated users will become.
The project also needs to be made well, meaning the website must be responsive, user-friendly, and the catalog should have all the required information about the products. Swazzi must consider all the essential elements like page loading speed, user experience, user interface, product descriptions, etc. in designing their website and online catalog. Thus, as a project manager, I would like to plan this project to meet the requirements and expectations of Swazzi's customers.
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You are planning to save for retirement over the next 44 years. To do this, you will invest $500 a month in a stock account and $300 a month in a bond account, beginning one month from today. The return on the stock account is expected to be 9.6 percent, and the bond account will pay 5.4 percent. When you retire, you will combine your money into an account with a 5 percent return. You plan to make equal monthly withdrawals for 30 years from your retirement account beginning one month from your date of retirement. You also plan to leave $5 million as bequest to your beneficiaries. Calculate the amount of your monthly withdrawals.
Answer:
MILLONS
Explanation:
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit will this producer earn if the price of pizza is $2. 50 per slice?.
Based on the prize of the pizza and the profit maximizing level, the profit at this point would be $550.
What would be the profit?First find the profit maximizing point which is:
Price = Marginal cost
At a price and marginal cost of $2.50, the quantity sold is 550 slices.
The profit is therefore:
= (price x quantity) - Average cost x Quantity
= (2.50 x 550) - (1.50 x 550)
= $550
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Excess capacity will not be visually recognizable to consumers, only to firms.
false True
The statement is true, excess capacity will not be visually recognizable to consumers, only to firms.
What does the term "excess capacity" mean?When there is less demand for a company's products and services than there is production capacity, the situation is referred to as having excess capacity. When demand is at its lowest in a seasonal sector, capacity may nevertheless be kept up to match the season's peak.
How do you recognise overcapacity?Excess capacity happens when a company produces more than the market needs. Excess capacity can result in an imbalance between revenue and expenses, even if it may indicate good expansion. You may calculate excess capacity by subtracting actual production from total capacity.
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A business buyer buys goods for SEK 50,000 including VAT. (25% rate) on credit. What accounting effects does the transaction have?
The business buyer's purchase of goods on credit worth SEK 50,000 including VAT at 25% has the accounting effect of increasing both assets and liabilities.
When a business buyer buys goods on credit worth SEK 50,000 including VAT at 25%, there are accounting effects to be noted. This transaction has the effect of increasing both assets and liabilities. The assets of the buyer are increased by the value of the goods purchased, which is SEK 50,000 including VAT at 25%.This increase in assets is, however, accompanied by an increase in liabilities since the purchase is made on credit. The buyer becomes liable to pay the supplier for the goods purchased on credit. This liability is recorded as accounts payable in the buyer's books of accounts.The VAT element of the transaction also has an accounting effect. The VAT element is considered as a part of the purchase price of the goods. Therefore, the buyer's accounts will show the VAT element as part of the cost of the goods purchased on credit. This means that the buyer's costs of goods sold will increase by SEK 10,000 (VAT at 25% of SEK 50,000).
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answer:
D) wait until the contract has ended
importance of conducting a needs analysis and how it is an integral part of the sales process.
•What is a needs analysis?
•What does it strive to achieve?
•Why is it so important to sales?
•How does one conduct and plan for a needs analysis?
A needs analysis is a systematic process used in sales to identify and understand the specific needs, challenges, and desires of potential customers or clients.
It strives to achieve a thorough understanding of the customer's requirements and expectations in order to provide tailored solutions that address their unique needs. Conducting a needs analysis is crucial to the sales process because it allows sales professionals to gather valuable information and insights, build trust and rapport with customers, and ultimately offer products or services that align with their needs.
To conduct a needs analysis, sales professionals typically follow a structured approach. This involves active listening, asking probing questions, and engaging in open and honest dialogue with customers to uncover their pain points, goals, and preferences. It may also involve analyzing available data, conducting research, and seeking input from other team members or subject matter experts.
Planning for a needs analysis involves preparing a framework or set of questions, anticipating potential customer responses, and ensuring that the sales professional is well-informed about their products or services. By conducting a comprehensive needs analysis, sales professionals can tailor their sales approach, enhance customer satisfaction, and increase the likelihood of successful sales outcomes.
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Steven is beginning a new job but has not yet been paid. He needs $400 to pay his rent this month. Steven is going to borrow the money through a Payday Loan establishment. They are charging him an $80 fee to borrow the money for 10 days until he receives his first paycheck. What is the actual interest rate that Steven is being charged?
Select one:
a. 7.3%
b. 73.0%
c. 730.0%.
d. .073%
e. None of these
The actual interest rate that Steven is being charged is 730.0%. Payday loans are a type of loan where borrowers can get small amounts of cash fast without the need for collateral.The correct answer is c. 730.0%.
While payday loans can be useful for people in dire situations, the interest rates they charge are usually very high. Payday lenders are allowed to charge fees on loans that can be significant.For example, Steven is borrowing $400 for 10 days until he receives his first paycheck, and he will have to pay back $480 (the principal amount plus an $80 fee).
To calculate the actual interest rate, you need to use the formula:Interest rate = (Total repayment amount / Loan amount - 1) x (365 / loan term) x 100%In this case, the total repayment amount is $480, the loan amount is $400, and the loan term is 10 days (since Steven will be repaying the loan in 10 days).Therefore, the interest rate will be:(480 / 400 - 1) x (365 / 10) x 100% = 730.0%Thus, the actual interest rate that Steven is being charged is 730.0%.Answer: c. 730.0%.
To calculate the actual interest rate, follow these steps:
1. Determine the fee amount and loan amount: $80 fee to borrow $400.
2. Calculate the interest rate for the 10-day period: $80 fee / $400 loan = 0.20 or 20%.
3. Calculate the number of 10-day periods in a year: 365 days / 10 days = 36.5 periods.
4. Determine the annual interest rate: 20% x 36.5 = 730%.The correct answer is c. 730.0%.
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If the natural rate of unemployment equals 5 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
Answer:
1%
Explanation:
The computation of cyclical unemployment is shown below:
Cyclical unemployment is
= Actual rate of unemployment - the natural rate of unemployment
= 6% - 5%
= 1%
We simply deduct the natural rate of unemployment from the Actual rate of unemployment so that the cyclical unemployment could come and hence the difference is called as a cyclical unemployment, the same is to be considered
Creative thinking and Problem solving
-Outline the problems that business is facing
-Discuss how the business applied creative thinking to solve Problem
Businesses can effectively identify and address the problems they face through creative thinking and innovative problem-solving approaches.
Here are the steps for discussing how a business applied creative thinking to solve problems:
1. Outline the problems that the business is facing:
A. Start by identifying and defining the specific problems or challenges the business is experiencing.
B. This could include issues related to efficiency, profitability, customer satisfaction, competition, or any other areas where the business is facing difficulties.
2. Discuss how the business applied creative thinking to solve the problem:
A. Creative thinking involves approaching problems from different perspectives and generating innovative solutions.
B. Describe how the business encouraged a culture of creative thinking and brainstorming to address the identified problems.
C. Explain the techniques or methods used, such as mind mapping, idea generation sessions, or cross-functional collaboration.
3. Analyze the creative solutions implemented by the business:
A. Evaluate the specific creative solutions that were devised to solve the identified problems.
B. Discuss how these solutions deviated from conventional approaches and showcased originality and innovation.
C. Highlight the impact of these solutions on the business's overall performance and ability to overcome the challenges.
4. Describe the benefits of applying creative thinking in problem-solving:
A. Explain how creative thinking enabled the business to come up with unconventional and effective solutions.
B. Discuss the advantages of this approach, such as increased adaptability, enhanced problem-solving skills, and the ability to seize new opportunities.
5. Provide examples and evidence:
A. Support your discussion with concrete examples of how the business applied creative thinking in problem-solving.
B. Use specific outcomes, data, or success stories to demonstrate the effectiveness of these approaches.
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please show me how to calculate the amount to borrow, buy and short for the arbitrage opportunity.
thank you
QUESTION 4
Assume:
• current stock price = $20
• stock price changes by +/-10% each 3 months with equal probability
• European call option, strike $21, maturity 6 mths
• constant riskfree rate of 12% p.a.
• 2 time periods (of equal length) to maturity
• the current price of call option is $1.50
What hedging strategy should be used to lock in an arbitrage profit if the stock price falls in both periods?
To lock in an arbitrage profit if the stock price falls in both periods, you can use a combination of borrowing, buying, and shorting. Here's the calculation:
1. Borrow: Calculate the amount you need to borrow by finding the present value of the strike price at the risk-free rate for the time to maturity. In this case, it is 6 months, or 0.5 years. The present value of $21 at a 12% p.a. rate for 0.5 years is:
PV = $21 / (1 + 0.12)^0.5
2. Buy: Purchase the call option at its current price, which is $1.50.
3. Short: Short sell the stock. The amount to short sell is calculated by dividing the present value of the stock price at the risk-free rate for the time to maturity. In this case, it is 6 months, or 0.5 years. The present value of $20 at a 12% p.a. rate for 0.5 years is:
PV = $20 / (1 + 0.12)^0.5
By using these three components, borrowing, buying the call option, and shorting the stock, you can create a hedging strategy to lock in an arbitrage profit if the stock price falls in both periods.
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The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?
Answer:
The Mochans have a comparative advantage in the production of bows and arrows.
Explanation:
Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.
In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.
In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.
However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate