Currently, the spot exchange rate is $0.85/A$ and the one-year forward exchange
rate is $0.81/A$. One-year interest is 3.5% in the United States and 4.2% in
Australia. You may borrow up to $1,000,000 or A$1,176,471, which is equivalent
to $1,000,000 at the current spot rate.

a. Determine if IRP is holding between Australia and the United States.
b. If IRP is not holding, explain in detail how you would realize certain profit in
U. S. dollar terms.
c. Explain how IRP will be restored as a result of the arbitrage transactions you
d. carry out above.

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

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