Exchange rate
Not what you're looking for?
A) Suppose your company has an international operation. Last month, when the exchange rate between the US Dollar and the Japanese Yen was 130.00, your company contracted to purchase inventory from a Japanese company for Y13,000,000, payable in 30 days in Japanese currency. This month the exchange rate is onyl 125.00. Calculate, if any, your company's gain or loss due to the exchange rate fluctuation
b) Last month, your company sold some merchandise to a Mexican customer for
MP33,750,000. The exchange rate at the time was 225.00. You just received the pesos due, but the exchange rate is now 240.00. What is, if any, your company's gain or loss in this transaction
Purchase this Solution
Solution Summary
This shows how to determine gain or loss for a company with exchange rates.
Solution Preview
a) Last month, each USD is worth 130 Yen, the Y 13,000,000 is worth $100,000
This month, ...
Purchase this Solution
Free BrainMass Quizzes
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Probability Quiz
Some questions on probability
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.