Question
Aiyah Salted Egg Fish Skin Snacks Sdn. Bhd. (ASEFIS) has recently secured a sale for its famous snacks with one of its overseas customers in
Aiyah Salted Egg Fish Skin Snacks Sdn. Bhd. (ASEFIS) has recently secured a sale for its famous snacks with one of its overseas customers in Singapore. The sale was made on 31 May 2019 and is valued at MYR150,000, on which the company expects a small profit margin of 5% for the introductory period.
The spot rate on 31 May 2021, the day of sale, is MYR3.00:SGD1.00 and the company operates on 60 days credit terms.
Required:
- Calculate the gain/loss for ASEFIS if on the day of settlement if the spot rate has moved to MYR3.10:SGD1.00,
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Scientific Forecasting
Authors: Karl Karsten
1st Edition
1614278148, 978-1614278146
