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Question 1- Compulsory: (Total: 20 Marks) (10 Marks) a) Explain any five methods of doing international business. b) A French citizen visiting Kenya had 51,577
Question 1- Compulsory: (Total: 20 Marks) (10 Marks) a) Explain any five methods of doing international business. b) A French citizen visiting Kenya had 51,577 Sterling pounds, 79,125 us dollars, 1,055,000 12 Shillings, and 104,445 Euros. He spent Ksh. 1,297,650 on business expenses; 4,430 US dollars on golf; and 95 Euros on taxes. He remitted in advance 33,760 RSA Rand to South Africa for hotel bookings and used the balance to purchase a 5 grams toys for his child at 57 Euros each. The exchange rates were as follows: 1 . Euro =Ksh,115 1 RSA Rand = Ksh. 12 1 Sterling pound =Ksh.155 1 US Dollar = Ksh 91 1Ksh.=20.50TZSh. Required: Compute the number of 5gm toys bought by the visitor. Give your computations in a sixcolumn table, i.e. /Currency/Amount/Utilized/Net/Forex rate/Final amount/, as appropriate. (10 Marks) Question 1- Compulsory: (Total: 20 Marks) (10 Marks) a) Explain any five methods of doing international business. b) A French citizen visiting Kenya had 51,577 Sterling pounds, 79,125 us dollars, 1,055,000 12 Shillings, and 104,445 Euros. He spent Ksh. 1,297,650 on business expenses; 4,430 US dollars on golf; and 95 Euros on taxes. He remitted in advance 33,760 RSA Rand to South Africa for hotel bookings and used the balance to purchase a 5 grams toys for his child at 57 Euros each. The exchange rates were as follows: 1 . Euro =Ksh,115 1 RSA Rand = Ksh. 12 1 Sterling pound =Ksh.155 1 US Dollar = Ksh 91 1Ksh.=20.50TZSh. Required: Compute the number of 5gm toys bought by the visitor. Give your computations in a sixcolumn table, i.e. /Currency/Amount/Utilized/Net/Forex rate/Final amount/, as appropriate. (10 Marks)
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