1. American Machine Tools is a midwestern manufacturer of tool-and-die-making equipment. The company has had an inquiry...
Question:
1. American Machine Tools is a midwestern manufacturer of tool-and-die-making equipment. The company has had an inquiry from a representative of the Moldovan government about the terms of sale for a $5,000,000 order of machinery. The sales manager spoke with the Moldovan representative, but he is doubtful that the Moldovan government will be able to obtain enough hard currency to make the purchase. While the U.S. economy has been growing, American Machine Tools has not had a very good year. An additional
$5,000,000 in sales would definitely help. If something cannot be arranged, the firm will likely be forced to lay off some of its skilled workforce.
Is there a way that you can think of that American Machine Tools might be able to make the machinery sale to Moldova?
Step by Step Answer:
ISE International Financial Management
ISBN: 9781260575316
9th International Edition
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun