As an up-and-coming manager at BP (UK), you were anxiously anticipating the offer of another assignment abroad
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As an up-and-coming manager at BP (UK), you were anxiously anticipating the offer of another assignment abroad and you were reassigned and deployed from Stark to BP's Japanese subsidiary.You have been given 400,000 rubles to offset some of your expenses.In preparation for the trip, you want to exchange your Russian rubles for Japanese yen, so you get the following quotes:
Spot rate on the rubles/dollar cross rate= Rbl 32.80/$
Spot rate on the yen/dollar cross rate = 80.20/$
a. What is the Russian ruble/yen cross rate?
b. How many yen will you obtain for your rubles?
Related Book For
Business Ethics Case Studies And Selected Readings
ISBN: 9780357453865
9th Edition
Authors: Marianne M. Jennings
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