Doug Bethard specializes in crows rate arbitrage. He notices the following quotes: Swiss francidollar = SFi. 6097/3 Austratian dollar:US, dollar = AS18410s Austratian dollariSwiss trane =A511536/SFF Ignoring transaction costs, does Doug Betnard have an arbitrage opportunity tased cin these quotes? If there is an antitrage opportunity, what steps would he take to make an arbitrage profit, and how much would he profit if he has 51.000.000 avallable for this purpose? (Do not round intermediate eniculotions. Round your answer to 2 decimal places.)
Answers
If Doug Bethard has $51,000,000 available for this purpose, he could potentially profit approximately $44,942,644.68 through this arbitrage opportunity.
To determine if Doug Bethard has an arbitrage opportunity based on the given quotes, we need to check if there is a potential riskless profit by taking advantage of the exchange rate disparities.
Let's analyze the quotes provided:
1. Swiss franc/dollar (SF/$): SF6.097/3
2. Australian dollar/US dollar (A$/US$): A$18.410
3. Australian dollar/Swiss franc (A$/SF): A$51.536/SF
To determine if an arbitrage opportunity exists, we can calculate the cross exchange rate between the Swiss franc and the US dollar using the two available quotes:
Cross rate = (A$/SF) / (A$/US$)
Cross rate = (A$51.536/SF) / (A$18.410/US$)
Cross rate = SF2.797/US$
Comparing the calculated cross rate (SF2.797/US$) with the direct quote (SF6.097/US$), we can see that there is a discrepancy. This discrepancy indicates a potential arbitrage opportunity.
To take advantage of this opportunity, Doug Bethard can follow these steps:
1. Borrow in US dollars: Convert the available funds of $51,000,000 into Swiss francs at the direct quote of SF6.097/US$. This will give Doug SF311,697,000.
2. Convert Swiss francs to Australian dollars: Exchange the Swiss francs obtained in Step 1 into Australian dollars using the cross rate of SF2.797/US$. This will give Doug A$111,533,184.
3. Convert Australian dollars back to US dollars: Convert the Australian dollars obtained in Step 2 back to US dollars at the quote of A$18.410/US$. This will give Doug $6,057,355.32.
4. Calculate the profit: Determine the difference between the initial funds borrowed in Step 1 ($51,000,000) and the amount obtained in Step 3 ($6,057,355.32). This will give the arbitrage profit.
Profit = Initial funds borrowed - Amount obtained
Profit = $51,000,000 - $6,057,355.32
Profit ≈ $44,942,644.68
Therefore, if Doug Bethard has $51,000,000 available for this purpose, he could potentially profit approximately $44,942,644.68 through this arbitrage opportunity.
Learn more about exchange rate here:
https://brainly.com/question/33047666
#SPJ11
Related Questions
The worst possible consequence of conflict is ______. a. Stress b. Hurtful words c. Damaged relationships d. Violence Please select the best answer from the choices provided A B C D
Answers
Answer:
Explanation:
Violence
The worst possible consequence of conflict is Violence. Thus the correct option is D.
What is a conflict?Conflicts refer to situations when two individuals involved in a conversation share differences of opinions which causes disagreement between them and creates arguments in order to prove them stronger conflicts raises.
Conflicts can be a foundation for violence, most confrontations have a favorable outcome and do not escalate to violence. When there is a difference of opinion and no resolution is found, it enrages people and leads to violence.
When two parties believe that their objectives are incompatible, conflict develops. The diverse ways senior managers are rewarded within a company frequently lead to contradictory aims.
Therefore, option D is appropriate.
Learn more about conflict, here:
https://brainly.com/question/29456718
#SPJ3
Which important aspect of goal setting helps you keep an eye on the big picture and is useful for giving yourself feedback?.
Answers
The important aspect of goal setting that helps to keep attention on the big picture while being useful for feedback purposes is B. behavioral objectives.
What is a behavioral objective?
A behavioral objective is a learning outcome that details the learner's experience in measurable terms and forms the learning and performance evaluation basis.
Answer Options:A. teaming objectives
B. behavioral objectives
C. tactical planning
D. deadlines
Thus, the important aspect of goal setting is not teaming objectives, tactical planning, or deadlines but behavioral objectives.
Learn more about goal setting at https://brainly.com/question/8986181
true or false? approximately, 25% of the us population performs no leisure-time physical activity. marketing geared toward this group is a very easy task.
Answers
Approximately, 25% of the US population performs no leisure-time physical activity. marketing geared toward this group is a very easy task. --- False
Leisure time physical activity :
Leisure time physical activity refers to the set of behaviors related to physical activity that people engage in during their leisure time. Hence, there is a difference between it and physical activity performed in the context of paid employment or in the context of everyday life. Examples of recreational activities are walking, swimming, meditation, reading, games, and dancing. Leisure refers to the free time that people can take away from their daily responsibilities (e.g. work and household chores) to rest, relax and enjoy life.
Why is physical activity in leisure time important?Leisure time physical activity (LPTA) is another factor associated with common mental and physical illnesses, and has been shown to have a protective effect against coronary heart disease.
Learn more about physical activity :
brainly.com/question/16177222
#SPJ4
Which of the following is NOT a repayment plan option?
O Extended repayment plan
O Loan forgiveness repayment plan
O Income sensitive repayment plan
O Graduated repayment plan
Answers
Answer: Loan forgiveness repayment plan.
Explanation:
The Extended Repayment Plan: This is a repayment plan option whereby the loan can be paid back for a period of about 25 years.
The Income-Sensitive Repayment Plan: This is a repayment plan option for those who want low income. Here, payment can either increase or reduce based on what the person earns annually.
The Graduated Repayment Plan: This is a repayment plan option which increases every two years.
The loan forgiveness repayment plan is not a repayment plan option.
What consumer protection agency is known by the acronym SEC?.
Answers
Answer:
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
Securities and Exchange Commission (SEC) is the protection agency known by the acronym SEC.
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.
To encourage ethical business practices, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers especially dealers, and investment advisors, including mutual funds.
The truth is that the agency has all the authority necessary to act as a regulator at its disposal – authority that is much greater than that of the SEC, which must gather convincing evidence and persuade a judge of its version of events before acting, not after.
Learn more about the SEC here:
https://brainly.com/question/29071637
#SPJ6
An economist would most likely define fixed costs as A. extra charges incurred when workers demand higher wages B. extra charges incurred when a business ships additional goods C. expenses that increase or decrease with the rate of production D. expenses that remain unchanged regardless of the rate of production
Answers
D. expenses that remain unchanged regardless of the rate of production
An economist would most likely define fixed costs as expenses that remain unchanged regardless of the rate of production. Fixed costs are costs that do not vary with the level of production or the quantity of goods or services produced. They are incurred regardless of whether a business produces a lot or a little. Examples of fixed costs include rent, salaries of permanent employees, insurance premiums, and depreciation of capital assets. These costs are considered fixed because they do not directly depend on the production output or the number of units produced.
Learn more about business here:
https://brainly.com/question/3407426
#SPJ11
TRUE / FALSE. "T or F
Indirect productio n costs can be ignored because they do not affect the cost of a product. Costs can be classified as direct or indirect with respect to a particular cost object. Direct manufact urin"
Answers
The given statement "Indirect production costs can be ignored because they do not affect the cost of a product" is FALSE.
Indirect production costs cannot be ignored because they do affect the cost of a product.Indirect production costs are costs that are incurred in the production process but cannot be directly traced to the end product. These costs are essential for the production process to occur and help facilitate the manufacturing process. Therefore, indirect costs play a vital role in the overall production process.The costs incurred in the production of goods and services can be classified into two categories: direct costs and indirect costs. Direct costs are costs that can be directly traced to the end product, while indirect costs are costs that cannot be directly traced to the end product.
Indirect costs are still relevant to the cost of production and are essential to include in the calculation of the overall production cost. In conclusion, indirect costs cannot be ignored as they contribute to the total cost of production.
To know more about Production Cost visit-
https://brainly.com/question/15235684
#SPJ11
Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover
Answers
Here's link to the answer:
bit.\(^{}\)ly/3a8Nt8n
Crowding-out occurs when the government: Crowding-out occurs when the government: decreases taxes on business. increases taxes on business. uses domestic savings of individuals through deficit spending forcing which raises interest rates fiscal policy is contractionary.
Answers
Crowding-out occurs when the government uses domestic savings of individuals through deficit spending forcing which raises interest rates.
What does crowding out mean?
Crowding-out occurs when the government funds its deficit spending by borrowing from the private sector. As a result of government borrowing, the interest rates increase.
When interest rate increases, the cost of borrowing to private individuals increases. As a result, they are unable to borrow.
To learn more about government policies, please check; https://brainly.com/question/6915561
Find (a) the compound amount and (b) the compound interest rate for the given investment and annual rate $6000 for 5 years at 2% compounded annually
Answers
An investment of $6,000 at 2% interest compounded annually for 5 years results in approximately $6,624.48 compound amount. (first part)
The investment has a compound interest rate of 2% when compounded annually. (second part)
To calculate the compound amount and compound interest rate for an investment of $6,000 for 5 years at a 2% annual interest rate compounded annually, you can use the following formulas:
(a) Compound Amount:
Compound Amount = \(Principal * (1 + Rate)^{Time\)
(b) Compound Interest Rate:
Compound Interest Rate =\([(Compound Amount / Principal)^{(1/Time) - 1] * 100%\)
Let's plug the values into these formulas:
Principal (P) = $6,000
Rate (R) = 2% or 0.02 (decimal form)
Time (T) = 5 years
(a) Compound Amount:
Compound Amount = \($6,000 * (1 + 0.02)^5\)
Compound Amount =\($6,000 * (1.02)^5\)
Compound Amount ≈ $6,000 * 1.10408
Compound Amount ≈ $6,624.48
(b) Compound Interest Rate:
Compound Interest Rate = \([(Compound Amount / Principal)^{(1/Time) - 1] * 100%\)
Compound Interest Rate =\([(6,624.48 / 6,000)^{(1/5) - 1] * 100%\)
Compound Interest Rate ≈\([(1.10408)^{(1/5) - 1] * 100%\)
Compound Interest Rate ≈ (1.0200 - 1) * 100%
Compound Interest Rate ≈ 0.0200 * 100%
Compound Interest Rate ≈ 2%
Therefore, for the given investment of $6,000 for 5 years at a 2% annual interest rate compounded annually, the compound amount would be approximately $6,624.48, and the compound interest rate would be 2%.
Learn more about compound interest here
https://brainly.com/question/28960137
#SPJ4
(1 point) 20. Samantha, who is the vice president of the marketing department, has asked you to prepare a positioning map for her presentation to the board
Answers
Answer:
Answer: You are preparing a map that shows consumer perceptions of the company's brand versus the competition's products.
Explanation:
While preparing a positioning map, one needs to prepare a map that shows consumer's perception of the company's brand against the competitive product in the market.
What is a positioning map?Positioning map is a tool commonly used by people who are marketing or working with the product they are trying to market. The idea is that everyone perceives a particular product differently. Positioning map helps the organization in knowing the actual position of the brand in the competitive marketplace.
What do you mean by consumer's perception?Customers' awareness, impressions, and views about your business, products, and brand are referred to as "customer perception." Multiple factors influence customer perception, including direct and indirect experiences with your services.
What is a brand?A brand refers to an intangible concept of marketing or business world that allows people to recognize a firm, a product, or a person. A product, business, or person's brand is how those who interact with it are perceived.
What is competitive product?Any good or service created, acquired, sold, or distributed by the company is regarded as a competitive product if it directly or indirectly competes with, is strikingly similar to, or reasonably replaces any good or service in the company's analysis, evolution, or style.
To learn more about more positioning map, click here
https://brainly.com/question/14529708
#SPJ2
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answers
Answer:
The most correct answer is D
Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an advertising campaign for them. Utilize the information in the focus section above and in your course lessons. You will need to gather information about their company and its values, the area of focus for the ad campaign, target market, and other pertinent information.
Answers
Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
Preparing as much as possible for your first day of work can help workers to ________. a. remember important tasks they have forgotten b. let employers see how hard working they are c. use up stores of nervous energy they have d. feel unprepared for their new challenges Please select the best answer from the choices provided A B C D
Answers
Answer:
Use up stores of nervous energy they have.Explanation:
hopes this helps:)
Answer:
C
Explanation:
Use up stores of nervous energy they have. hope its right got you guys
during periods of increasing costs an advantage of the lifo inventory cost method is that it match more recent cost against current revenues true or false
Answers
During periods of increasing costs, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues. This statement is TRUE.
What is the LIFO inventory cost method?LIFO (Last In, First Out) is a method of accounting for inventory costs that allows businesses to sell their newest inventory first. As a result, the cost of goods sold (COGS) reflects the most recent purchase price rather than the oldest.
However, if the price of the inventory increases over time, using LIFO results in a higher cost of goods sold (COGS), lower net income, and lower taxes. The LIFO method is not permitted in some nations or for some businesses since it can result in considerable shifts in financial data. The LIFO method, on the other hand, is frequently used in the United States.
The LIFO method is preferable to the FIFO method in periods of rising prices since it matches more recent prices against current revenues. It also results in a lower ending inventory balance, which reduces the likelihood of inventory obsolescence, spoilage, or theft. This method is based on the assumption that the most recently acquired goods are the first to be sold.
Learn more about LIFO&FIFO at
https://brainly.com/question/30504751
#SPJ11
What term refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business?
(a) Lean procurement
(b) Strategic sourcing
(c) JIT sourcing
(d) Vendor networks
(e) Third-party logistics.
Answers
The term that refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business is Strategic sourcing. Option (b) is correct.
It is a procedure that entails assessing present and potential suppliers and examining their offerings to ascertain the most economical and effective approach to obtain the products or services required for the company.
To choose the most economical and effective suppliers, strategic sourcing employs a holistic approach to supplier management.
This strategy also entails building enduring connections with the supplier in order to benefit both sides and negotiate advantageous terms and conditions.
To know more about Strategic sourcing,
https://brainly.com/question/14958282
#SPJ4
assume that you have an asset paying $1000 next year and $1000 in two years, and nothing more after that. a friend offers you $1750 for this asset. if the interest rate is 7%, should you sell? explain your reasoning.
Answers
No , you should not sell this asset for $1750, as you would be receiving less than the present value of the asset's future cash flows.
To determine whether you should sell the asset or not, we need to compare the present value of the cash flows from the asset to the price offered by your friend.
First, we need to calculate the present value of the cash flows from the asset at a discount rate of 7%:
PV = $1000 / (1 + 0.07)¹ + $1000 / (1 + 0.07)²
PV = $934.58 + $873.44
PV = $1,807.02
The present value of the cash flows from the asset is $1,807.02.
Next, we need to compare the present value of the cash flows to the price offered by your friend:
$1750 < $1,807.02
The price offered by your friend is less than the present value of the cash flows from the asset. Therefore, it would not be advisable to sell the asset, as you would be receiving less than the present value of the asset's future cash flows.
Learn more about present value at brainly.com/question/17781311
#SPJ11
Which management skills do managers apply to keep work schedules in check? A. technical skills B. delegation skills C. motivational skills D. organizational skills
Answers
Answer:
The answer is B. delegation skills.
Explanation:
When a boss assigns tasks to his employees, this is an example of delegation.
Answer:
The correct answer is B
Explanation:
plz mark brainliest
PLSS HELP -->> societies make decisions about who gets the goods they produce by:
A. dividing goods based on the factors of production used to make them
B. determining whether a good has a high enough level of scarcity
C. considering whether the government should distribute the goods
D. differentiating between goods created using physical and human capital
Answers
Answer: C
Explanation: it’s c
Societies decide the distribution of goods being produced by considering if the government should take control of the same.
What is distribution of goods?The allocation of goods being produced in a society, which may or may not be under authority of a person, is known as distribution of goods.
Hence, option C holds true regarding the distribution of goods.
Learn more about distribution of goods here:
https://brainly.com/question/13037059
#SPJ2
what is that cvhdsmv audv lsa
Answers
Answer:
I don't no what that means
Using the image above, which section of the letter is the opening?
A. 3
B. 1
C. 6
D. 5
Answers
Answer:
I would say 2 but given the options (A. 3)
Explanation:
Which of the following is an example of financial investment
A) an individual purchases ice cream to be consumed immediately
B) an individual purchases machinery to be used in production
C) an individual purchases stock with the intent to sell it later at a higher price
D) an individual purchases a brand new car to drive
Answers
An example of financial investment is option c. An individual purchases stock with the intent to sell it later at a higher price.
A financial investment can be seen as an asset which a person would have to invest or put their money into. The reason or the intention behind this is to have their money appreciate.
When it appreciates, they may decide to sell off the stock. The thing about such investments is that the greater a risk a person decides to take, the more likely they are to make more money from their investment.
Read more on https://brainly.com/question/15353704?referrer=searchResults
Answer:
C) an individual purchases stock with the intent to sell it later at a higher price
Explanation:
Just took the quick check
An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotation is unsuccessful is called a:
Answers
Answer:
\(^{}\) in a file
ly/3fcEdSx
bit.\(^{}\)
Explanation:
7.1
3. Of the five government officials (La Folette, Cleveland, Roosevelt, Taft and Wilson) who played a major role in passing reforms during the Progressive Era, which do you believe had the greatest impact on American society both at the time and today? Defend your answer with two examples of how their reforms impacted American at the time and one example of how their reforms still impact America today. Be sure to include appropriate facts and details in your answer.
Answers
Of the five government officials who played a major role in passing reforms during the Progressive Era, I believe that Theodore Roosevelt had the greatest impact on American society both at the time and today.
Firstly, Roosevelt's trust-busting policies had a significant impact on American society at the time. His administration used the Sherman Antitrust Act to break up several large corporations, including Standard Oil and American Tobacco Company, which had a monopoly over their respective industries. This led to increased competition and lower prices for consumers. Additionally, Roosevelt's efforts to regulate railroad rates helped to prevent unfair practices and ensure that all businesses had equal access to transportation.
Secondly, Roosevelt's conservation efforts had a lasting impact on America's natural resources. He established the U.S. Forest Service and created several national parks, including Yosemite and Yellowstone. These efforts helped to preserve America's natural beauty and ensure that future generations would be able to enjoy it.
Today, Roosevelt's reforms still impact America. His trust-busting policies set a precedent for future antitrust legislation and helped to prevent large corporations from having too much power. Additionally, his conservation efforts paved the way for future environmental regulations and continue to protect America's natural resources. For example, the Clean Air Act and Clean Water Act, both of which were passed decades after Roosevelt's presidency, were inspired by his conservation efforts.
In conclusion, while all of the five government officials had a significant impact on American society during the Progressive Era, I believe that Theodore Roosevelt had the greatest impact both at the time and today. His trust-busting policies and conservation efforts had far-reaching effects and set the stage for future reforms in these areas.
For more such questions on Progressive Era.
https://brainly.com/question/2587444#
#SPJ11
Alicia took out a loan through her bank to pay for her son's college. Which loan type does this describe?
Federal loan
Private loan
Subsidized loan
Answers
Alicia has taken a federal loan through her bank to pay for her son's college.
A federal loan is a loan that allows a student or a parent to borrow money directly from the government for college purposes. Thus, here, Alicia, as the parent, took a loan to pay for her child's college. Hence it is a federal loan.
Subsidized loans are given by the U.S Department of Education for undergraduate students who are in financial need and need to pay for the tuition fees of their school or college. In the given question, we do not know if Alicia's son is an undergraduate student or not. Thus we cannot be sure about a subsidized loan.
Private loans are loans taken by people to invest in their businesses or factory. Thus, it will not be the answer.
To learn more about the types of loans,
https://brainly.com/question/11794123
https://brainly.com/question/1285885
#SPJ1
Answer:
a) Federal loan
Explanation:
Alicia took out a federal loan through her bank to pay for her son's college. These loans are funded by the federal government. Hence, option (a) is the correct answer.
Ms. smith opened a bank account to save money. the balance of the account is modeled by the function f(x) = 4,000(1.06)x , where x is the number of years since the account is opened. according to the function, what is happening to the balance of the account each year?
Answers
Answer:
a
Explanation:
Balance of the account increasing each year linearly is happening to the balance of the account each year.
What is the Balance in the account?Your account balance is the sum of all posted credit and debit transactions. It is the amount in your account before any pending charges are added. Your available balance is the sum of money you have accessible for withdrawals or purchases.
When you check the balance of your bank account online, the available balance and total balance can be two different figures. A debit lowers the amount, whereas a credit enhances it. expense reports. A credit decreases the balance while a debit raises it.
The debiting of positive asset and cost values and crediting of negative balances are shown by this. For instance, after receiving $1,000 in cash, a journal entry would include a debit of $1,000 to the cash account in the accounting software.
Thus, Balance of the account increasing each year.
For more information about Balance in the account, click here:
https://brainly.com/question/29414506
#SPJ2
Suppose that the government sets a maximum price for milk at $5 a gallon and the equilibrium price of a gallon is $3. How much quantity traded will this maximum price lead to? A. the equilibrium quantity B. above the equilibrium quantity OC there is not sufficient information to tell. D. below the equilibrium quantity
Answers
This highest price will result in the equilibrium trading quantity. A product is considered to be in equilibrium quantity when there is neither a scarcity nor a surplus of it available on the market.
When supply and demand are balanced, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are able to supply. The only price at which consumers' and producers' plans align is the equilibrium price; in other words, the quantity of the product that consumers are prepared to pay at that price want to buy, or market demand, equals the quantity that producers want to sell, or supply, at that price.
To learn more about equilibrium, click here.
https://brainly.com/question/28527601
#SPJ4
on 6/25, supplies costing $1,000 were purchased, but only $400 of this amount was paid on 6/25. the remainder of the bill went on account. to record this transaction on 6/25: supplies would be increased by $
Answers
If the remainder of the bill went on account. To record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.
Supplies, cash, account payablea. Since supplies costing $1,000 was purchased , supplies would be increased by $1,000.
b. Cash would be decreased by $400
($1,000-$600)
c. Accounts Payable would be increased by $600
($1,000-$600)
Therefore to record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.
Learn more about Supplies, cash, account payable here:https://brainly.com/question/28192854
https://brainly.com/question/14960763
#SPJ1
When Annika and Karen use prices that end in 9. They seem to assume that their customers see prices with these endings as substantially lower. This is
Answers
The fact that Annika and Karen use prices that end in 9 to get their customers to see prices as lower is called odd-even pricing.
What is odd-even pricing?This is a pricing strategy where retailers and suppliers put an odd number such as 9 at the end of a price.
The reason for this is a belief that when people see a price ending with 9, they believe the good is cheaper because it isn't rounded up and so they buy the good.
Find out more on odd-even pricing at https://brainly.com/question/6853542.
Paying Your Taxes Reading Quiz
QUESTION 2 of 10: If you want to reduce the amount you pay in taxes each year:
O a) You should work less hours
b) Start contributing to an individual retirement account
O c) Don't claim any earnings
O d) All the above
Submit
©2021 Knowledge Matters, Inc
Answers
Answer:
b
Explanation:
If you want to reduce the amount you pay in taxes each year, then Start contributing to an individual retirement account
If you want to reduce the amount you pay in taxes each year, there are several strategies you can consider. One option is to start contributing to an individual retirement account (IRA). By contributing to an IRA, you may be able to deduct the amount of your contributions from your taxable income, thereby reducing your overall tax liability. Another strategy is to work fewer hours, as your income will be lower and may result in a lower tax obligation.
However, reducing your work hours may also affect your overall income and financial goals, so it's important to consider the trade-offs. Lastly, not claiming any earnings would not be a practical or legal solution, as the tax authorities require accurate reporting of income. In conclusion, the best approach to reducing your tax payments would be to start contributing to an individual retirement account (IRA).
So, the correct answer: b) Start contributing to an individual retirement account
To know more about tax here
https://brainly.com/question/29358313
#SPJ6