In the london market, rolls-royce stock closed at £0.875 per share. on the same day, the british pound sterling to the u. s. dollar spot exchange rate was £0.6366 per us dollar. rolls royce trades as an adr in the otc market in the united states. five underlying rolls-royce shares are packaged into one adr. the no-arbitrage u. s. price of one adr is: a. $4.87 b. $5.87 c. $6.87 d. $7.87 17

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.

Double corporation acquired all of the common stock of simple company for

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?