--%>
Assignment Help - homework help

Computing cross-rate matrix

Compute cross-rate matrix for French franc, Japanese yen, German mark, and the British pound. Utilize most recent European term quotes in order to compute the cross-rates in order that the triangular matrix result is same as that of the portion above diagonal in Exhibit 4.6.

E

Expert

Verified

Cross-rate formula which is used is:

S(k/j) = S(k/$)/S(j/$).

Triangular matrix will consists of the 4 x (4 + 1)/2 = 10 elements.

                  Dollar    Pound      Yen      D-Mark

France         6.4071   10.0488  .05250   3.3538

Germany     1.9104    2.9964   .01565

Japan          122.05   191.42

U.K             0.6376

   Related Questions in Financial Accounting

  • Q : Computing opportunity cost of producing

    Country C is able to generate seven pounds of food or four yards of textiles per unit of input. Calculate the opportunity cost of producing food rather than textiles.  Also, compute the opportunity cost of producing textiles rather than food.

    		•
  • Q : What is Corporate Social Responsibility

    Corporate Social Responsibility directly states that every company is responsible towards the society and the environment. So this is a duty of every company to create eco-friendly new products. In the current scenario when the fuel prices are increas

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : Case study of harvesting a tree

    Recently, a friend accused her neighbor of harvesting a tree (sapling of balsam fir, Abies balsamea) from her land without permission. Her neighbor claims that he bought it from a Christmas tree plantation (growing in a clearing down the road).  Your friend says

    		•
  • Q : Contingent Liabilities Explain the term

    Explain the term Contingent Liabilities?

    		•
  • Q : Canadian Outdooring Explain Canadian

    Explain Canadian Outdooring in brief ?

    		•
  • Q : Cash system and mercantile system what

    what is the difference between cash system of accounting and mercantile system of accounting

    		•
  • Q : Brokering Creativity Explain the term

    Explain the term Brokering Creativity in Creative industry ?  

    		•
  • Q : Components of social interaction

    Identify and explain important components of social interaction.

    		•
  • Q : Book-value method of accounting for

    The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi

    		•