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J uha Leather Goods. DeMagistris Fashion Company, based in New York City imports leather coats from Aculia Leather Goods, a reliable and longtime supplier, based

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J uha Leather Goods. DeMagistris Fashion Company, based in New York City imports leather coats from Aculia Leather Goods, a reliable and longtime supplier, based in Buenos Aires, Argentina Payment is in Argentine pesos. When the peso lost its party with the US dollar in January 2002, il collapsed in value to Ps4 05 by October 2002. The outlook was for a further decline in the peso's value. Since both De Magistris and Acutia wanted to continue their longtime relationship, they agreed on a risk-sharing arrangement. As long as the spot rate on the date of an invoice is between Ps3.55 and Ps4.55. DeMagistris will pay based on the spot rate of the exchange rate falls outside this range, they will share the difference equally with Acufia Leather Goods. The risk sharing agreement will last for six months, at which time the exchange rate limits will be reevaluated. DoMagistris contracts to import leather coats from Acuria for P9,000,000 or $2,250,000 at the current spot rate of Ps4 0/5 during the next six months at the exchange rate changes immediately to P60/5, what will be the dollar cost of six months of imports to De Magistris? b. AI P605, What will be the peso export sales of Acura Leather Goods to De Magistris Fashion Company? a. the exchange rate changes immediately to P56 05, what will be the dolar cost of six months of imports to De Magistris? $ (Round to the nearest dollar.) b. AI P605, what will be the peso export sales of Aculia Leather Goods to De Magistris Fashion Company? Ps (Pound to the nearest Argentine peso.)

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