Question 24 3.6 points Save As Caterpillar Currently exports 11.700 tractors to China at the yuan equivalent of USD 25,000 each, The current exchange rate is CNYB/USD but is forecasted to be CNYS/USD in the near future. The direct costs are 75% of the USD sales price. If Caterpillar uses 100 pass-through pricing strategy, what will be its before tax profit when the yuan decines? USD 73.125.000 USD $4.000.000 USD 61.875.000 USD 67.500.000 USD 41.666,666 Question 25 3.6 points Save Answer A Braith importer just signed a four-year contract with a French wine oporter. The French exporter has agreed to accept siteen quarterly promissory notes endorsed by the importers bank. The French exporter intends to sell the promissory notes to raise immediate cash. This arrangement is called aan Unconfirmed letter of credit Forfeiting transaction Banker's acceptance Confirmed letter of credit Contract between unknown unilated parties