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Please show all work rounded to two decimal places unless specified to do differently in the problem. Work can be done in excel if that
Please show all work rounded to two decimal places unless specified to do differently in the problem. Work can be done in excel if that would be easier.
1. ABC Company sells 2,052 chairs a year at an average price per chair of $128. The carrying cost per unit is $27.87. The company orders 242 chairs at a time and has a fixed order cost of $42.3 per order. The chairs are sold out before they are restocked. What are the total carrying costs? 2. You can exchange $1 for either C$1.2479 or 132.69. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for per C$. 3. ABC Company sells 3,307 chairs a year at an average price per chair of $144. The carrying cost per unit is $28.96. The company orders 500 chairs at a time and has a fixed order cost of $37 per order. The chairs are sold out before they are restocked. What is the economic order quantity? 4. 5. The exchange rate is 0.9891 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc? 6. ABC Company sells 4,729 chairs a year at an average price per chair of $160. The carrying cost per unit is $58.21. The company orders 564 chairs at a time and has a fixed order cost of $29 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model? 7. Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $4,495. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.2232? 8. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.143 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1033 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? 9. Enter your answer rounded off to FOUR decimal points. 10. In New York, you can exchange $1 for 0.8504 or 0.6646. Suppose that, in Berlin, 1 costs 1.1766. How much profit can you earn on $35,734 using triangle arbitrage? 11. You just returned from a trip to Venezuela and have 5,718 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1481Step by Step Solution
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