Question 3.3. Assume you work for a Norwegian company exporting a container of Salman Azerbaijan or Haiti. The customs official informs you that there is a delay in clearing your container through customs, and it may last a month. However, if you are willing to pay an "expediting fee" of $200, he will try to make it happen in one day. What are you going to do?

Sanjay has 90 euros to spend before he flies back to the United States. He wishes to purchase jewelry priced at $165 (U.S.) in a duty-free shop at the airport. Euros can be bought for $1.34 and sold for $1.24. The owner of the duty-free shop tells Sanjay that the jewelry can be purchased for 90 euros plus $41 (U.S.). Is this a good deal for Sanjay? Assume there is a 7.5 euro commission on the exchange transaction. If Sanjay accepts the deal, he will pay an equivalent of $. (Round to the nearest dollar.)

Please help with question #2. The based country is Trinidad and the countries trading to is Australia, Columbia and Germany. Explain how can we mitigate foreign exchange risk in these countries and how exchange rate will be useful. You are asked to simulate your own multinational corporation (MNC).You are required to justify the form of their own MNC, based in the Caribbean, which tradeswith three countries outside of the North America region. Students will then examine issues relatedto foreign exchange management within their multinational corporation.This group assignment should address the following:1. The type of MNC, whether franchising, licensing, the exportation of a product soldthrough a distributor, etc. The rationale behind using this form of MNC should also begiven.2. The main foreign currencies that will be used in the business.3. The foreign exchange exposure of the company and how the company plans to managethis exposure.4. Any current financial issues that affect the…

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A company that uses a bill facility to provide fiance for a period of two years: A. is exposed to interest-rate risk  B. will not be required to make any payments until the end of the facility. C. will issue bank bills that mature in two years' time D. will initially receive the bill's face value. E. All of these.

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Question 3 Consider the following information. 1. On September 1, 2022, a US firm contracts to buy equipment with an asking price of £100,000 from a firm in the U.K. The firm will take delivery and will pay for the equipment on March 1, 2023. 2. On that same day, September 1, 2022, the US firm enters into a forward contract to buy £100,000 for US$1.60/£ on March 1, 2023. 3. Spot rates and forward rates were quoted as follows: Spot Rate $1.59/£ $1.55/£ March 1, 2023 $1.57/£ On March 1, 2022, the payment of £100,000 was made to the supplier of the equipment. 4. September 1, 2022 September 30, 2022 Forward Rate $1.60/£ $1.53/£ Required: a. Prepare the journal entries needed for the forward contract transaction done on September 1, 2022. b. Prepare the journal entries needed for the transactions to track the forward contract on September 30, 2022, the financial year-end of the US firm. c. Prepare the transactions for the recognition of the actual purchase of the equipment and settlement of…

Question 1 Alfred Yeo is an importer of European Cars into Singapore. He has recently entered a contract with a German exporter to import Euro 25 million worth of vehicles for his clients based in Singapore. Alfred has to make the payment in 120 days when the cars will be supplied. There is speculation that the Euro will appreciate in 120 days by 1.25% The exchange rate today is Spoto EUR/SGD = 1.38 a) To hedge himself, Alfred enters into a Forward Contract. Work out how much Alfred saves, assuming that the spot rate at 120 days is 1.25% higher. b) What if the Euro actually depreciates by 1.75% at Day 120? What would Alfred's expense situation be, assuming he went ahead and hedged with F120 EUR/SGD = 1.38?