Question
Suppose your company imports computer motherboards from Singapore. The exchange rate is currently 1.2829 S$/US$. You have just placed an order for 29,000 motherboards at
Suppose your company imports computer motherboards from Singapore. The exchange rate is currently 1.2829 S$/US$. You have just placed an order for 29,000 motherboards at a cost to you of 237.00 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $195 each. c) What is your profit if the exchange rate goes down by 10 percent over the next 90 days? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. ) I got the answer to the other parts of the question but I have no been able to get this answer. |
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