SHOW YOUR WORK.

7. You just returned from a trip to Venezuela and have 9,563 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1415?

8.Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $6,260. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.2271?

9.Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.2492 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.075 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)?

10.The exchange rate is 0.9606 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 9,670 Swiss francs?

11.Suppose one U.S. dollar can purchase 169 yen today. If the yen depreciates by 3% tomorrow, how many yen could one U.S. dollar buy tomorrow?

12.ABC Company sells 3,639 chairs a year at an average price per chair of $178. The carrying cost per unit is $18.07. The company orders 243 chairs at a time and has a fixed order cost of $120.9 per order. The chairs are sold out before they are restocked. What are the total shortage costs?

13.ABC Company sells 2,055 chairs a year at an average price per chair of $164. The carrying cost per unit is $33.59. The company orders 500 chairs at a time and has a fixed order cost of $79 per order. The chairs are sold out before they are restocked. What is the economic order quantity?