FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been invoiced for 400,000 Pounds Sterling payable in 90days. The current exchange rate is $1.38 per PoundSterling. The 90-day forward rate is $1.43

You have been invoiced for 400,000 Pounds Sterling payable in 90days. The current exchange rate is $1.38 per PoundSterling. The 90-day forward rate is $1.43 per PoundSterling. What is the cost of the invoice in U.S. dollars ifthe forward contract is purchased.

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

Recommended Textbook for

College Accounting A Practical Approach

College Accounting A Practical Approach

Authors: Jeffrey Slater, Brian Zwicker

11th Canadian Edition

132564440, 978-0132564441

More Books

Students also viewed these Finance questions

Question

What factors should be considered in deciding whether the cost of capital for a foreign affiliateshould be higher, lower, or the same as the cost of capital for a comparable domestic operation?...

Answered: 1 week ago

Question

1 . ( 5 pis. ) Find the dollar value today of a 1 - period at- the -money call option on *300, 000 . The spot exchange rate is* 100 = $1. 00 . In the next period , the yen can increase in dollar...

Answered: 1 week ago

Question

1. A well-established, large, Indian-based MNE will probably be most adversely affected by which of the following elements of firm value? a. access to qualified labor pool b. an open marketplace c....

Answered: 1 week ago

Question

★★★★★
If the Stock Dividends 25%, recorded at book value. Example1: Velvet Company has 5,000 shares issued and outstanding. Par value is $1;...

Answered: 1 week ago

Question

★★★★★
Briefly describe the organizations responsible for developing accounting measurement rules (generally accepted accounting principles) in the United States.

Answered: 1 week ago

Question

★★★★★
Cost flow methods Obj. 2 The following three identical units of Item P401C are purchased during April: Item Beta Units Cost Apr. 2 Purchase 1 $100 15 Purchase 1 120 20 Purchase 1 140 Total 3 $360...

Answered: 1 week ago

Question

★★★★★
evaluate the practical value of existing research from the perspectives of employees, employers and organizations.

Answered: 1 week ago

Question

★★★★★
Consider the data set in Table 11.3.1, representing the ages (in years) and maintenance costs (in thousands of dollars per year) for five similar printing presses. a. Draw a scatterplot of this data...

Answered: 1 week ago

Question

★★★★★
1. In January 2008, a firm purchased a used plotter for $500. Repairs cost nothing in 2009 or 2010. Repairs were $85 in 2011, $130 in 2012 and $140 in 2013. The machine was sold in 2013 for $300. a)...

Answered: 1 week ago

Question

★★★★★
Sem is for the 2020 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 62701. Her Social Security number is 123-45-6780. Roberta has been divorced from her...

Answered: 1 week ago

Question

★★★★★
Use the Porter's five force model as a guide for the oncology industry. Firm level impact may include new business model, a shift in strategic positioning and changes in organizational structure,...

Answered: 1 week ago

Question

★★★★★
Xiaomi In 2010, Lei Jun founded Xiaomi, an electronics company based in Beijing, China. The electronics company started as software and created MIUI ROM based on Google's Android. The idea behind...

Answered: 1 week ago

Question

★★★★★
Can to get Financial Scorecard for an Online Cooking Business with a diagram and an explanation of that also, mention some of your viewpoints on this business.

Answered: 1 week ago

Question

★★★★★
One of the most important things your organization does is hire new talent, yet many organizations could improve their hiring processes. In this week's discussion board, respond to the following...

Answered: 1 week ago

Question

★★★★★
With regards to brand equity, for each of the five main benefits of a brand (functional, emotional, self-expressive, moral, and experiential) list a brand that you think does a great job...

Answered: 1 week ago

Question

★★★★★
You plan to save $5million to support your retirement life which is expected to be 30 years. Assume you start withdrawing money from your saving one year later after you have $5million, how much can...

Answered: 1 week ago

Question

★★★★★
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?

Answered: 1 week ago

Question

★★★★★
Defi ne a benefi t and identify four strategic benefi ts considerations.

Answered: 1 week ago

Question

★★★★★
Explain the importance of managing the costs of health benefi ts and identify some methods of doing so.

Answered: 1 week ago

Question

★★★★★
Discuss the shift of retirement plans from defi ned-benefi t to defi ned-contribution and cash balance programs.

Answered: 1 week ago

Previous Question Next Question