Digital, Inc , an electronic games manufacturer, is planning to purchase flash memory from one of two sources Kyoto, Inc , quotes a price of 6,800 per gigabyte The current exchange rate is 84 30 $ Another Japanese manufacture offers to supply the same flash memory at a price of 58 46 per gigabyte T...

Cost from Vendor 1 Flash memory price quote 6800 per gigabyte Spot rate for US dollar 8430 Co ...

Digital, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources.

Question:

Digital, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources. Kyoto, Inc., quotes a price of ¥6,800 per gigabyte. The current is ¥84.30/$. Another Japanese manufacture offers to supply the same flash memory at a price of €58.46 per gigabyte. The spot rate available is ¥121.57/€. Which is the cheaper source of flash memory for Digital?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...