Question
Problem 1: Your Kern County-based company grows pistachios and distributes them throughout the world. A Canadian buyer places an order for $1 million (USD) of
Problem 1:Your Kern County-based company grows pistachios and distributes them throughout the world. A Canadian buyer places an order for $1 million (USD) of pistachios at todays spot currency rate where 1 USD = 1.34 CAD. How much will it cost the Canadian buyers in terms of Canadian dollars?
Problem 3:An American produce broker purchased 8,915,040 MXN of avocados from a supplier in Mexico. She discovered that there is an avocado shortage in Japan and negotiated a contract to ship the avocados to a distributor in Tokyo for 47,389,497 Japanese Yen. The exchange rates are 1 USD = 22.27 Mexican Peso, and 1 Japanese Yen = 0.0095 USD. To the nearest thousand (USD) how much profit will the American broker make on these two transactions?
Problem 2:It has been your lifelong dream to purchase a custom Porsche directly from the factory in Stuttgart. As a recent Powerball winner you decide to place your order. The cherry red 9/11 Turbo will cost 120,000 Euros. The current exchange rate is 1 Euro = 1.16 USD. How much will the Porsche cost you in US dollars?
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