The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,200 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent.
| Sample Exchange Rates: Thursday, August 30, 2018 | ||
| Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) |
Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) |
|
| Australian dollar | 0.7264 | 1.3767 |
| Brazilian real | 0.2409 | 4.1504 |
| British pound | 1.3009 | 0.7687 |
| Canadian dollar | 0.7702 | 1.2984 |
| Chinese yuan | 0.1461 | 6.8448 |
| Danish krone | 0.1565 | 6.3889 |
| EMU euro | 1.1670 | 0.8569 |
| Hungarian forint | 0.00357015 | 280.10 |
| Israeli shekel | 0.2767 | 3.6136 |
| Japanese yen | 0.00901 | 110.99 |
| Mexican peso | 0.0523 | 19.1133 |
| South African rand | 0.0679 | 14.7205 |
| Swedish krona | 0.1096 | 9.1200 |
| Swiss franc | 1.0317 | 0.9693 |
| Venezuelan bolivar fuerte | 0.00000403 | 248409.0001 |
| Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. | ||
| Source: Adapted from The Wall Street Journal (www.wsj.com), August 30, 2018. | ||
| 1,200 British pounds | = | $ |
| 1,200 Canadian dollars | = | $ |
| 1,200 EMU euros | = | $ |
| 1,200 Japanese yen | = | $ |
| 1,200 Mexican pesos | = | $ |
| 1,200 Swedish kronas | = | $ |
In: Finance
Drosophila (Pty) Ltd is currently forecasting its short-term
financing needs and it requires your assistance in determining
these needs and the possible costs of financing. The following
information has been gathered and passed on to you.
The bookkeeper extracted an aging report from the system and
determined that 40% of sales were paid for in the same month that
the sales were made and the remainder was paid 1 month later (all
sales were on credit).
The company has access to a R1 000 000 revolving credit facility
(line of credit) at a cost of 12% interest per year, assuming 365
days per year. No administrative fees are applicable.
All purchases and other expenses are paid in cash.
Sales from March, April and May were as follows:
| March | April | May |
| R500 000 | R600 000 | R400 000 |
Expected sales for June, July and August are as follows:
| June | July | August |
| R300 000 | R400 000 | R800 000 |
Additionally, purchases amount to 50% of sales and other costs amount to R200 000 per month but exclude a depreciation expense of R5 000 per month.
REQUIRED:
Draw up a cash budget for this company for June, July and August
and determine how much the requisite short-term financing by way of
the revolving credit facility will cost (in rand terms) if
utilised. Use the space below to make your preliminary calculations
and present your cash budget in the space provided below where
indicated
In: Accounting
Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the latest plant and equipment. The following two plants are being considered for acquisition as they are technically superior to the current plant and will enable higher production volumes with lower cost inputs. The finance department has projected the cash flows for the life of the plant and has asked you as the investment manager to advise the Board on which of these plants to acquire. Onta’s current cost of capital is 12%.
The following information relates to the two plants that are being considered:
|
Plant Alpha |
Plant Beta |
||
|
Initial cost |
R550 000 |
R 400 000 |
|
|
Expected useful life |
4 years |
4 years |
|
|
Depreciation |
R137 500 p.a. |
R100 000 p.a. |
|
|
Net cash inflows |
Net cash inflows |
Net profit |
|
|
Expected net cash inflows |
R |
R |
R |
|
1st year 2nd year 3rd year 4th year |
180 000 190 000 210 000 160 000 |
130 000 130 000 130 000 130 000 |
30 000 30 000 30 000 30 000 |
Calculate the:
2.1 Payback Period for both plants. (Answers must be expressed in years, months and days.) (6)
2.2 Accounting Rate of Return for Plant Beta on initial investment. (4)
2.3 Net Present Value of each plant. (Round off amounts to the nearest Rand.) (9)
2.4 Based on your results in 2.1.3 which plant should be accepted? (1)
In: Accounting
Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the latest plant and equipment. The following two plants are being considered for acquisition as they are technically superior to the current plant and will enable higher production volumes with lower cost inputs. The finance department has projected the cash flows for the life of the plant and has asked you as the investment manager to advise the Board on which of these plants to acquire. Onta’s current cost of capital is 12%.
The following information relates to the two plants that are being considered:
|
Plant Alpha |
Plant Beta |
||
|
Initial cost |
R550 000 |
R 400 000 |
|
|
Expected useful life |
4 years |
4 years |
|
|
Depreciation |
R137 500 p.a. |
R100 000 p.a. |
|
|
Net cash inflows |
Net cash inflows |
Net profit |
|
|
Expected net cash inflows |
R |
R |
R |
|
1st year 2nd year 3rd year 4th year |
180 000 190 000 210 000 160 000 |
130 000 130 000 130 000 130 000 |
30 000 30 000 30 000 30 000 |
Calculate the:
2.1 Payback Period for both plants. (Answers must be expressed in years, months and days.)
2.2 Accounting Rate of Return for Plant Beta on initial investment.
2.3 Net Present Value of each plant. (Round off amounts to the nearest Rand.)
2.4 Based on your results in 2.1.3 which plant should be accepted?
Note: All workings must be showed and answers must be typed in.
In: Accounting
The purpose of this question is to practice the pthread built in functions.
The following c program is a simple program to make a matrix of integers and print it.
//File name: a.c
#include <stdio.h>
#include <time.h>
#include <stdlib.h>
int** a;
int main(){
time_t t;
int m, n, i, j; //m is the numbers of rows and n is the number of columns.
printf("Enter the number of rows, and columns: ");
scanf("%d%d", &m, &n);
printf("%d, %d\n", m, n);
srand((unsigned) time(&t));
a=(int**) malloc(m*sizeof(int*));
for(j = 0; j < n; j++)
a[j] = (int*) malloc(n * sizeof(int*));
for(i = 0; i < m; i++)
for(j = 0; j < n; j++)
a[i][j] = rand() % 1000;
for(i = 0; i < m; i++){
for(j = 0; j < n; j++)
printf("%d,", a[i][j]);
printf("\n");
}
return 0;
}
Your project uses pthread built-in functions based on the following conditions:
1. The program reads from the console the number of rows and the number of columns (like the above program). Therefore, the matrix has m rows and n columns.
2. The program creates m threads.
3. Each thread assigns random numbers to one row of the matrix.
4. The function main, sorts each row.
5. Each thread displays its sorted row.
6. The function: main displays the entire matrix.
Answer: ?
In: Computer Science
QUESTION TWO [20]
Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the latest plant and equipment. The following two plants are being considered for acquisition as they are technically superior to the current plant and will enable higher production volumes with lower cost inputs. The finance department has projected the cash flows for the life of the plant and has asked you as the investment manager to advise the Board on which of these plants to acquire. Onta’s current cost of capital is 12%.
The following information relates to the two plants that are being considered:
|
Plant Alpha |
Plant Beta |
||
|
Initial cost |
R550 000 |
R 400 000 |
|
|
Expected useful life |
4 years |
4 years |
|
|
Depreciation |
R137 500 p.a. |
R100 000 p.a. |
|
|
Net cash inflows |
Net cash inflows |
Net profit |
|
|
Expected net cash inflows |
R |
R |
R |
|
1st year 2nd year 3rd year 4th year |
180 000 190 000 210 000 160 000 |
130 000 130 000 130 000 130 000 |
30 000 30 000 30 000 30 000 |
Calculate the:
2.1 Payback Period for both plants. (Answers must be expressed in years, months and days.) (6)
2.2 Accounting Rate of Return for Plant Beta on initial investment. (4)
2.3 Net Present Value of each plant. (Round off amounts to the nearest Rand.) (9)
2.4 Based on your results in 2.1.3 which plant should be accepted? (1)
In: Finance
REQUIRED
5.1 Calculate the Payback Period of Project G (expressed in years, months and days). (3)
5.2 Calculate the Accounting Rate of Return (on average investment) of Project F (expressed to two decimal places). (5)
5.3 Calculate the Net Present Value of Project F (with amounts rounded off to the nearest Rand). (4)
5.4 Calculate the Internal Rate of Return (IRR) of Project G (expressed to two decimal places). (6)
5.5 Comment on the IRR calculated above. (2)
INFORMATION
Nascar Limited has the option to invest in machinery in Projects F and G but finance is only available to invest in one of them. The following projected data is available:
|
Project F |
Project G |
||
|
R |
R |
||
|
Initial cost |
250 000 |
250 000 |
|
|
Depreciation per year |
50 000 |
50 000 |
|
|
Net cash inflows: |
|||
|
Year 1 |
70 000 |
82 000 |
|
|
Year 2 |
75 000 |
82 000 |
|
|
Year 3 |
82 000 |
82 000 |
|
|
Year 4 |
85 000 |
82 000 |
|
|
Year 5 |
90 000 |
82 000 |
|
Additional information
1. Project F is expected to have a scrap value of R20 000 (not included in the figures above). No scrap value is expected for Project G.
2. The cost of capital is 15%. Additional information
1. Project F is expected to have a scrap value of R20 000 (not included in the figures above). No scrap value is expected for Project G.
2. The cost of capital is 15%.
In: Accounting
The purpose of this project is to practice the pthread built in functions.
The following c program is a simple program to make a matrix of integers and print it.
//File name: a.c
#include <stdio.h>
#include <time.h>
#include <stdlib.h>
int** a;
int main(){
time_t t;
int m, n, i, j; //m is the numbers of rows and n is the number of columns.
printf("Enter the number of rows, and columns: ");
scanf("%d%d", &m, &n);
printf("%d, %d\n", m, n);
srand((unsigned) time(&t));
a=(int**) malloc(m*sizeof(int*));
for(j = 0; j < n; j++)
a[j] = (int*) malloc(n * sizeof(int*));
for(i = 0; i < m; i++)
for(j = 0; j < n; j++)
a[i][j] = rand() % 1000;
for(i = 0; i < m; i++){
for(j = 0; j < n; j++)
printf("%d,", a[i][j]);
printf("\n");
}
return 0;
}
Your project uses pthread built-in functions based on the following conditions:
1. The program reads from the console the number of rows and the number of columns (like the above program). Therefore, the matrix has m rows and n columns.
2. The program creates m threads.
3. Each thread assigns random numbers to one row of the matrix.
4. The function main, sorts each row.
5. Each thread displays its sorted row.
6. The function: main displays the entire matrix.
Answer:
In: Computer Science
Add the following method below to the CardDeck class, and create a test driver to show that they work correctly.
int cardsRemaining() //returns a count of the number of undealt cards remaining in the deck.
Complete in Java programming language.
// Models a deck of cards. Includes shuffling and dealing.
//----------------------------------------------------------------------
package Homework4;
import java.util.Random;
import java.util.Iterator;
import javax.swing.ImageIcon;
public class CardDeck {
public static final int NUMCARDS = 52;
protected ABList<Card> deck;
protected Iterator<Card> deal;
public CardDeck() {
deck = new ABList<Card>(NUMCARDS);
ImageIcon image;
for (Card.Suit suit : Card.Suit.values())
for (Card.Rank rank : Card.Rank.values()) {
image = new ImageIcon("./src/Homework4/cards/" + suit + "_"
+ rank + "_RA.gif");
deck.add(new Card(rank, suit, image));
}
deal = deck.iterator();
}
public void shuffle()
// Randomizes the order of the cards in the deck.
// Resets the current deal.
{
Random rand = new Random(); // to generate random numbers
int randLoc; // random location in card deck
Card temp; // for swap of cards
for (int i = (NUMCARDS - 1); i > 0; i--) {
randLoc = rand.nextInt(i); // random integer between 0 and i - 1
temp = deck.get(randLoc);
deck.set(randLoc, deck.get(i));
deck.set(i, temp);
}
deal = deck.iterator();
}
public boolean hasNextCard()
// Returns true if there are still cards left to be dealt;
// otherwise, returns false.
{
return (deal.hasNext());
}
public Card nextCard()
// Precondition: this.hasNextCard() == true
//
// Returns the next card for the current 'deal'.
{
return deal.next();
}
}
In: Computer Science
Total has discovered a potential 1 billion barrels of “wet” gas off the coast of South Africa. The gas could be used as petrol or perhaps even converted into electricity, according to one expert. The Brulpadda gas find should mean more tax revenue and a stronger rand. How Will It Affect South Africans Firstly, government will earn more tax. Total and its partners will pay the regular 28% corporate tax on all taxable income from Brulpadda. According to the most optimistic estimates, the Brulpadda find could yield $1 trillion (R14.4 trillion) for Total and its partners, which would mean a massive tax windfall for South Africa. Certain Businesses and Skills Will Be in Demand The Brulpadda find could have a massive boost to all kinds of businesses in South Africa. Companies providing helicopters, marine services, catering supplies and transport to get supplies to the site would be required. Adapted from “Everything You Need to Know about South Africa’s Massive Gas Find” by Helena Wasserman, Business Insider SA
4.1 Assuming that government budget is at zero balance discuss the implication of the gas find in terms of government’s fiscal policy for the following economic factors:
4.1.1 Collection of revenue through taxation on personal income
4.1.2 Government spending on the provision of goods and services
4.2 Explain, with the aid of a diagram, the economic impact on cost-push inflation and aggregate output.
4.3 Discuss the main type of unemployment that would be reduced.
In: Economics