Question
$1.00 Problem:The exchange rate is currently
- From Mathematics: General-Mathematics
- Closed, but you can still post tutorials
- Due on Dec. 21, 2011
- Asked on Dec 20, 2011 at 8:20:18PM
Q:
Problem:
The exchange rate is currently 1.5803 S$/US$. You have just placed an order for 45,000 motherboards at a cost to you of 172.9 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $144 each. If the exchange rate goes up by 8% over the next 90 days, your profit will be $--------- . (Do not include the dollar sign ($). Round your answer to the nearest whole number, (e.g., 32))
If the exchange rate goes down by 8 percent over the next 90 days, your profit will be S____________ . (Do not include the dollar sign ($). Round your answer to the nearest whole number, (e.g., 32))
The break-even exchange rate is $------. (Do not include the dollar sign($). Round your answer to 3 decimal places, (e.g., 32.161))
Singapore dollars per U.S. dollar. This represents a----------percent change in the Singapore dollar relative to the U.S. dollar. (Do not include the percent sign (%). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places, (e.g., 32.16))
Answer to the blanks.
- This tutorial hasn't been purchased yet.
- Posted on Dec 20, 2011 at 10:31:34PM
A:
Preview: ... is 1.5803 S$ / US$. I'd like you to check it as imo it should ...
The full tutorial is about 53 words long .
INTERNATIONAL FINANCE PROBLEM SOLVED : A+++++ GRADE.
- This tutorial hasn't been purchased yet.
- Posted on Dec. 21, 2011 at 01:22:48AM
Posted by :
pavan101
Rating (194):A-
Questions Asked: 10
Tutorials Posted: 1856,
Blog Posts: 2,
Earned: $5,872.03
Rating (194):A-
Questions Asked: 10
Tutorials Posted: 1856,
Blog Posts: 2,
Earned: $5,872.03
A:
Preview: ... $ = 778.050 .
Exchange rate after 90 days goes down by 8%. It means S$ depreciates by 8%. So, the exchange rate at that time = 1.5803*1.08 = 1.7067 (S$/US$).
Purchase cost in US$ to be paid after 90 days = 778,050/1.7067 = 455,873.36 .
...
The full tutorial is about 206 words long .