Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25 million in

Question:

Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of ¥313.25 million in 45 days. The bank quotes a forward rate of ¥83.46/$ to buy the required yen. What is the cost to Brilliant in U.S. dollars?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

See More Books

Question Posted: Jun 12, 2012 01:45 AM

See More Questions

A pension fund must make a payment of 50,000 p.a. at the end of each of the next 8 years. The rate of interest applying is 5% p.a. effective. a) Show that the present value of these liability payment...
A U.S. firm must make a payment of 1 million yen to a Japanese firm that has sold the U.S. firm sets of Japanese baseball-player trading cards. The U.S. firm begins with a dollar checking account....
Carrycan plc must make a payment of $364,897 in six months' time. It is currently 1 January. The company plans to hedge its transaction exposure and has collected the following information. Foreign...
There is a crop that the value p next month is random. The value can be either small p=1 or large P=3 depending on the weather. Half of people are optimists believing the value of the crop will be...
In 2014, Henry and his wife, Wendy, made the gifts shown below. All gifts are of present interests. What is Wendy's gift tax payable for 2014 if the couple elects gift splitting and Wendy's previous...
Understand the challenges presented by multi-team projects LO1
Schultz Electronics manufactures two ultra highdefinition television models: the Royale which sells for $1,600, and a new model, the Majestic, which sells for $1,300. The production cost computed per...
The following table shows the nominal returns on the U.S. stocks and the rate of inflation. a. What was the standard deviation of the market returns? b. Calculate the average realreturn. Year 2004...
The debt-to-equity ratio measures which of the following? Liquidity. Market strength. Leverage. Profitability
Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21- 3434) have a 19-year-old son (born 10/2/99 Social Security...
Crane, Inc., sold equipment to an Irish firm and will receive 1,319,405 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3012/, what is the dollar...
Triumph Autos has contracted with an Indian software firm for design software. The payment of 22,779,750 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is...
Identify from the list the items that could be found on the credit side of a realisation account.
Are investors too impatient in wanting returns from these investments? "Would Nordstrom be better off if it were owned by private investors, rather than as a publicly traded firm since this would...
how AI is used to discover new material, will it change the whole science environment?
QUESTION 1 Which one of the following statements is not part of the "bundle of rights" enjoyed by a fee simple owner of property? a. The right to possess the property b. The right to control what...
In order to pay his rent, Tom, a college student, has taken a job in the computer department of a local department store. His only responsibility is to answer telephone calls to the department, most...
How does database normalization impact data integrity and query performance in complex relational schemas ? Explain
The FSGO provides an incentive for organizations to conscientiously develop and implement ethics programs. Yes No
Identify the most stable compound:
Create a profile of yourself as part of a market segment. Include the following: a. Geographic location b. Gender and age c. Household type d. Income and spending habits.
1. What is the monthly mortgage payment on Mike's mortgage? 2. What is the most significant risk Joi faces in this deal? 3. How can Joi hedge this risk? 4. Suppose that in the next three months the...
T-bills currently yield 3.7 percent. Stock in Deadwood Manufacturing is currently selling for $56 per share. There is no possibility that the stock will be worth less than $50 per share in one year....
The following facts apply to a convertible bond making semiannual payments: Conversion price...............................................$38/share Coupon...
Problem 3 Progress Company acquired 6 0 % of Stall Corporation on 1 2 0 2 0 . Fair values of Stall's assets and liabilities approximated book values on that date. Progress uses the initial value...
C: The sor at the poopecin 0ieund to twe oxind places)
What information may an Appeals Officer not consider when reviewing a taxpayer's case? Select one: a. The cost involved for the IRS to hire an expert witness for litigation. b. Litigation hazards...

Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25 million in

Question:

Step by Step Answer:

Cost of machinery 313...View the full answer

Fundamentals of corporate finance

Students also viewed these Corporate Finance questions