QUESTION

You visited Switzerland over summer and brought back 7,530.25 swiss francs to the United States. How many U.S. dollars will you get if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 1.1416 swiss francs.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

QUESTION

In New York, you can exchange $1 for 0.8271 or 0.64. Suppose that, in Berlin, 1 costs 1.1898. How much profit can you earn on $28,244 using triangle arbitrage?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

QUESTION

ABC Company sells 4,925 chairs a year at an average price per chair of $133. The carrying cost per unit is $39.81. The company orders 301 chairs at a time and has a fixed order cost of $62 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?

Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.