Question
ABC Company sells 2,265 chairs a year at an average price per chair of $170 . The carrying cost per unit is $25.49 . The
ABC Company sells 2,265 chairs a year at an average price per chair of $170. The carrying cost per unit is $25.49. The company orders 500 chairs at a time and has a fixed order cost of $65 per order. The chairs are sold out before they are restocked. What is the economic order quantity?
Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
You just returned from a trip to Venezuela and have 1,458 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if 1 Venezuelan Bolivar = $0.1319?
Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3051 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1106 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)?
You can exchange $1 for either C$1.3129 or 119.15. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for per C$.
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