Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $160 of U.S. currency into 400 florins, the local currency unit. Upon departure from Canteberry's international airport on completion of his business, he exchanged his remaining 120 florins into $36 of U.S. currency. Required: a. Determine the currency exchange rates for each of the cells in the following matrix for Charles Alt's business trip to Canteberry. (Round your answers to 2 decimal places.) fl= florins Direct exchange rate Indirect exchange rate n Foreign currency transaction Arrival Date f Departure Date c. Did Charles experience a foreign currency transaction gain or a loss on the 120 florins he held during his visit to Canteberry and converted to U.S. dollars at the departure date? (Round your intermediate computations and final answers to two decimal places)

38-Apple Incorporation is a US-based MNC that conducts a part of its business in Oman. The transactions are denominated in Omani Rial. The following details are extracted from the books of Apple incorporation in Oman Sales RO 150,000, Cost of goods sold RO 45,000. The spot exchange rate = OMR 2/USD, The average exchange rate = OMR 3/USD. Translate the above details into reporting currency by using the current rate method and find the translated gross profit/loss from the following options. O a. None of the options O b. Converted gross loss is USD 35,000 O c. Converted gross profit is USD 35,000 O d. Converted gross profit is USD 105,000

The U.S. Company purchased Laptop from a company domiciles in japan. The contract was denominated in 600,000 Japan Yen. The direct exchange spot rate on this date was $0.0844. Select one: a. None of the other points $650,000 $650,000 b. Purchases Cash c. Purchases $650,000 Account Payable $650,000 $50,640 O d. Purchases Account Payable $50,640

Tex Hardware sells many of its products overseas. The following are some selected transactions. Tex sold electronic subassemblies to a firm in Denmark for 160,000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 = $0.1710. Collection was made on July 3 when the rate was Dkr 1 = $0.1713. On July 22, Tex sold copper fittings to a company in London for £36,000 with payment due on September 20. Also, on July 22, Tex entered into a 60-day forward contract to sell £36,000 at a forward rate of £1 = $1.630. The forward contract is not designated as a hedge. The spot rates follow: July 22 £1 = $1.580 September 20 £1 = $1.612 Tex sold storage devices to a Canadian firm for C$75,000 (Canadian dollars) on October 11, with payment due on November 10. On October 11, Tex entered into a 30-day forward contract to sell Canadian dollars at a forward rate of C$1 = $0.730. The forward contract is not designated as a hedge. The spot rates were as follows: October 11 C$1 =…

i need typing answer

Before boarding his flight to Zurich, Switzerland, Ian purchased CHF900 from his bank when the exchange rate was C$1 = CHF0.9753. However, Ian had to cancel the trip. Ian returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.984, how many Canadian dollars would Ian have lost in these transactions? Assume the bank has a 1.00% commission on both the sale and the purchase of the funds. C Round to the nearest cent   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure

Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $340 of U.S. currency into 850 florins, the local currency unit. Upon departure from Canteberry's international airport on completion of his business, he exchanged his remaining 110 florins into $33 of U.S. currency. Required: a. Determine the currency exchange rates for each of the cells in the following matrix for Charles Alt's business trip to Canteberry. (Round your answers to 2 decimal places.) fl= florins Direct exchange rate Indirect exchange rate fl Foreign currency transaction Arrival Date fl Departure Date c. Did Charles experience a foreign currency transaction gain or a loss on the 110 florins he held during his visit to Canteberry and converted to U.S. dollars at the departure date? (Round your intermediate computations and final answers to two decimal places)

The U.S Company, In the month of January 15 sold machinery on account to a retailer Australia. The invoice price was 250,000 US dollars and the exchange rate for the Australia dollar was $0.576. Select one:a. Cash A/c Dr 144,000$Sales A/c Cr 144,000$b. Cash A/c Dr 250,000$Sales A/c Cr 250,000$c. Accounts Receivable 250,000$ Sales 250,000$ d. Accounts receivable A/c Dr 144,000$Sales A/c Cr 144,000$

Iberico plc, a Spanish firm whose functional currency is EUR, bought goods from a British supplier at a cost of 10,000 GBP paid in cash. The exchange rate on the date of sale was 1 GBP = 1.2 EUR. Which the journal entry shall Iberico plc prepare regarding the purchase? Select one: a. DR Inventories 12,000 EUR, CR Cash 10,000 GBP b. DR Inventories 12,000 EUR, CR Cash 12,000 EUR C. DR Inventories 12,000 GBP, CR Cash 12,000 GBP d. DR Inventories 10,000 GBP, CR Cash 10,000 GBP Clear my choice

Following are the card rates announced by the dealing room at 9.00am in the morning          Cheques   Selling Rate Buying Rate USD 44.90 43.60 Euro 54.05 52.55         Foreign Currency notes   Selling Rate Buying Rate USD 45.10 43.40 Euro 54.30 52.30 What rate will you apply for a Euro gift received by the resident from his relative in Germany? a. 52.30 b. 52.55 c. 54.30 d. 54.05