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The records of Count Bases Pizzas showed the following.
30 June 13 30 June 14
Pizza ovens and equipment $49 000 $53 000
Accumulated depreciation ovens and equipment 10 000 12 000
Cost of equipment sold 5000
Carrying value of equipment sold 3000
Proceeds of sale of equipment 4500
What is the investing cash outflow for equipment for the year ending 30 June 2014?
Uncovered Interest Rate Parity
A financial theory stating that the difference in interest rates between two countries will be equal to the expected change in exchange rates between their currencies.
Arbitrage Opportunity
A situation where a trader can profit from price differences of the same asset in different markets, buying low in one and selling high in another.
Exchange Rates
The worth of a single currency when converted into another, indicating the comparative value between two currencies.
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