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BioTron Medical, Inc. Brent Bush, CFO of a medical device distributor, BioTron Medical, Inc., was approached by a Japanese customer, Numata, with a proposal to
BioTron Medical, Inc. Brent Bush, CFO of a medical device distributor, BioTron Medical, Inc., was approached by a Japanese customer,
Numata, with a proposal to pay cash in yen for its typical orders of every other month if it were given a
discount. Numata's current terms are days with no discounts. Using the quotes and estimated cost of capital for BioTron Medical in the
popup window, Bush will compare the proposal with covering yen payments with forward contracts. Should Brent Bush
accept Numata's proposal? Assume a day financial year.
How much in US dollars will BioTron Medical receive with the discount?
$ Round to the nearest cent.
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