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- Suppose that you are a finance manager at a U.S. based MNC. On January 1st, you anticipate you will need to purchase C170,000.00 (Canadian dollars) worth of supplies from a Canadian supplier in March using Canadian dollars (C$). The current spot rate $105,400.00 an dollar is $0.73. Suppose that on February 10th, you find out your MNC no longer needs the order of Canadian supplies and, th Therefore, you wish to close out your futures position. In order to close out your futures position in Canadian dollars, you would a futures contract specifying of March 10th. If the futures contracts for Canadian dollars are priced at $0.62, then your MNC would receive date from that contract in exchange for C$170,000.00. $147,560.00 $137,020.00 $126,480.00 ed Canadian dollars. with a settlement date on the settlementOn October 15, 20X5, Ibis Corporation, a French company, ordered merchandise listed on theInternet for 20,000 Euros from Spoonbill Corporation, a US corporation, which immediatelyaccepted the order. The Euro rate was $1.20 US on October 15. On November 15, 20X5Spoonbill shipped the goods and billed Ibis the purchase price of 20,000 Euros when the Eurorate was $1.30 US. Ibis paid the bill on December 10, 20X5. Three days later Spoonbillexchanged the 20,000 Euros for US dollars when the Euro rate was $1.28US.Required:Compute the foreign currency gains or losses on the December 31, 20X5 financial statementsand show your calculations.A company with a plant in Basel can be served by bothrail and truck at a cost of €250 and €1500 per load, respectively. Thetransit time for the train is 15 days while for the truck is 5 days. (a) Ifthe daily cost of transit inventory is €100, which transportation modeis more economical attractive? (b) What will be the costs involved, ifthe daily inventory carrying cost is €50? (c) Identify related principlesneed to consider when designing a transportation system.
- The selling price per unit is OMR 13. The above figures are for an output of 85,000 units, the capacity of the firm is 100,000 units. A foreign customer is desirous of buying 15,000 units at a price of OMR 10.50 per unit. (A) Advise the manufacturer, whether the order should be accepted. (B) What will be your advice, if the orders were from a local merchant, at the same price? (C) What would be the profits, if the local selling price falls to OMR 11 from OMR 13, after acceptance of the order from a local merchant?A laptop manufacturer wants to compare the total cost of assembling its laptops in the United States versus Taiwan. All of the laptops will be sold in the United States. To evaluate inventory, it uses a safety factor of 2.25. The holding cost per laptop is $4.0 per week in the United States and $3.5 per week in Taiwan. The lead time with U.S. production is 2 week, whereas it is 8 weeks with production in Taiwan. In addition, it costs $2.50 to ship laptops to the United States from Taiwan. Weekly demand is 1,200 laptops, with a standard deviation of 1,000. a. What is the per unit holding cost of a laptop with U.S. production? -------------- per unit b. What is the per unit holding cost of a laptop with production in Taiwan? -------------- per unit c. A laptop requires 30 minutes of labor to assemble in the United States or in Taiwan. The total cost of labor in the United States is $44 per hour, while in Taiwan it is $12. What is the change in cost per laptop if it switches production…The Western Canada Luggage Company (WCLC) launched a new promotional campaign on May 2, 2021. It offers its customers a gift set if the customer purchases 2 suitcases. Each suitcase sold includes a coupon. The customer must present 2 coupons plus $10 to receive the traveller's gift. The promotional offer expires on May 1, 2022. The following information pertains to the promotional campaign: Number of traveller's gift sets purchased by WCLC Price per traveller's gift set purchased by WCLC Number of suitcases sold 25,800 8 60,229 45,172 Total number of coupons estimated to be redeemed by customers Number of coupons redeemed by customers by December 31, 2021 Selling price per suitcase Cost to ship each gift set to the customer 33,880 97 6. Assume that WCLC has a year end of December 31, and follows ASPE. Note that all sales are cash sales. Required: Prepare any journal entries required by WCLC during 2021, including any year-end adjusting journal entries. Ignore cost of goods sold in…
- One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally,administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…The UAE Central Bank wants to conduct a matched sale purchase transaction for 20 million AED to be reversed in 15 days. Show the effect of this initial operation and the reverse operation on Central Bank balance sheet and Banking System Balance sheet using T-accounts. (Hint: There should be 4 t-accounts).One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid s0.10 per part, given a forecast you provided of 100,000 parts in year 1, 300.000 in year 2; and 500.000 in year 3. Shipping and handiling of parts from the supplier's factory is estimated at $0.02 per unit. Additional inventory handling charges should amount to $0.004 per unit. Finally, administrative costs are estimated at $10 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.013 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…
- Based on the attached Bloomberg FXC screen, assuming you are a Swedish tourist in Hong Kong with SEK 10,000 to spend, and you are interested in purchasing one of the following watches priced in HKD: A - HKD 850,934, B- HKD 186,934, C - HKD 30,116, D - HKD 13,841. Select 555 which of the following paintings is the most expensive one you can afford to purchase with your SEK 10,000. A B D USD SEK 10.8525 NOK 11.0127 HKD 7.84090 NZD 1.64736 AUD 1.49447 CAD 1.34035 CHF .905820 GBP .802381 JPY 139.437 EUR .933707 SEK NOK USD 10.8525 11.0127 Click to open/close FXC.Choose the best answer to the following question. Explain your reasoning with one or more complete sentences. A person is buying apples while traveling in Europe. How will the price be mostly likely quoted? Choose the correct answer below. OA. The price will be quoted in euros per milliliter because the price has unit of euros per unit of volume. B. The price will be quoted in euros per milliliter because Europeans use the SI unit system. C. The price will be quoted in euros per kilogram because the price is quoted in currency per weight. D. The price will be quoted in euros per kilometer because euros is the currency that is used in Europe. E. The price will be quoted in euros per kilogram because one apple in Europe weighs one kilogram. OF. The price will be quoted in euros per kilometer because because Europe is very large, so everything is quoted in kilometers.4. A reputed importer in Canada wants to import certain items from you. The importer isready to place repeated order of INR 500000 each but demands credit period of 90 daysfrom the receipt of goods in Canada. Which payment method you will choose? Whataccording to you is the safest method of payment in International Trade? Discuss with thehelp of suitable example.