Tutorial solutions 4 QUESTIONS 5. What is meant by a currency trading at a discount or at a premium in the forward market? Answer: The forward market involves contracting today for the future purchase or sale of foreign exchange. The forward price may be the same as the spot price‚ but usually it is higher (at a premium) or lower (at a discount) than the spot price. PROBLEMS 4. Restate the following one-‚ three-‚ and six-month outright forward European term bid-ask quotes in forward points. Spot
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Nucor at a Crossroads MGMT XXXX-XXX Nucor’s Historic Performance‚ Competitive Advantage‚ and Five Forces Analysis With roots dating back to 1904 in the automobile manufacturing industry‚ Nucor’s business strategy has morphed many times over the course of the past century in response to struggling sales and unrealized business strategies. Since F. Kenneth Iverson’s appointment as Nucor’s President in 1965‚ however‚ Nucor has performed very well. With a focus on efficiency‚ Nucor
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units/second = 24.83 toy--‐trucks per hour Q4.4. 12 tasks to 4 workers (a) (a) Capacity = 1 / 85 sec = 42.35 units per hour (b) Direct labor content = (70+55+85+60) sec = 270 sec/unit or 4.5 min/unit (c) Labor utilization = labor content / (labor content + total idle time) = 270 sec / (270 + 15 + 30+ 0 +25 sec) = 79.41% (d) Note that we are facing a machine paced line‚ thus the first unit will take 4*85 seconds top go through the empty system. Flow Time = 4 * 85 sec + 99 / (1 / 85 sec) = 8755 sec or 145.92
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Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is an intangible asset. C. it is readily converted into cash. D. it is part of retained earnings. 4. Analysis of a company’s assets will help evaluate its: I. liquidity. II. solvency. III. operational capacity. IV financing ability. A. I‚ II‚ III and IV B. 1‚ II and IV C. II‚ III and IV D. I‚ II and III 5. For Control Furniture Co.‚
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Nucor at a Crossroads On December 7‚ 1986‚ F. Kenneth Iverson‚ chairman and chief executive officer (CEO) of Nucor Corporation‚ awaited a delegation from SMS . Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thin-slab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280‚ and that start-up expenses and working capital of $30 million each would push the total cost to $340 million. Successful commercialization
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Question 11. In early 2003 Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers’ warehouses from 1999 through 2001. The company’s sales and cost of sales during this period was as follows: 2001 2000 1999 Net sales $18‚139 $17‚695 $16‚502 Cost of products sold 5‚454 4‚729 4‚458 The company’s marginal tax rate during the three years was
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Q Suppose we are thinking about replacing an old computer with a new one. The old one cost us 650‚000; the new one will cost 780‚000. The new machine will be depreciated straight-line to zero over its five-year life. It will probably be worth about 140‚000 after five years. The old computer is being depreciated at a rate of 130‚000 per year. It will be completely written off in three years. If we do not replace it now‚ we will have to replace it in two years. We can sell it now for 230‚000; in two
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American values at the crossroads: Assignment 1: The constitution The Constitution of the United States of America is the supreme law of the United States. Empowered with the sovereign authority of the people by the framers and the consent of the legislatures of the states‚ it is the source of all government powers‚ and also provides important limitations on the government that protect the fundamental rights of United States citizens. Why a Constitution? The need for the Constitution grew
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The evidence of the monuments as to the character and significance of Hekate is almost as full as that of the literature. But it is only in the later period that they come to express her manifold and mystic nature. Before the fifth century there is little doubt that she was usually represented as of single form like any other divinity‚ and it was thus that the Boeotian poet imagined her‚ as nothing in his verses contains any allusion to a triple formed goddess. The earliest known monument is a small
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Name: Date: School: Facilitator: 7.4 Values and the Crossroads of Life—Work File After reading the course resources‚ answer questions 1-10. (10 points each) Please take time to answer each question completely. 1. Think of a person who has positively influenced your life or for whom you have great admiration. Write down the characteristics that person has/had that you would like to develop. 2. Imagine 15 years from now being surrounded by the most important people in your
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