Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 1 pts You are a British company that sells supplies to a French company. You have a risk sharing agreement that states that

image text in transcribedimage text in transcribed

Question 14 1 pts You are a British company that sells supplies to a French company. You have a risk sharing agreement that states that all variations from an established rate of 1.10/ will be shared equally. The British supplier sells 500,000 in goods to the French customer. Calculate the spot rate on the due date that would result in the French paying exactly 500,000 according to the risk sharing agreement. O 1.00/ O 1.15/ O 1.20/ O 0.90/ O 1.10/ Question 13 1 pts You are a British company that sells supplies to a French company. You have a risk sharing agreement that states that all variations from an established rate of 1.10/ will be shared equally. The British supplier sells 500,000 in goods to the French customer. The spot rate on the due date of the payment is 1.20/. Calculate the amount of British pounds received. O 479,166 500,000 O 434,783 O 416,667 O 690,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+Have you defined the situation fairly and accurately?

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago