Assume your company has a contract to purchase 100,000 computers from a Korean company. The payment is due on receipt of the shipment and must be delivered in Korea on December 31, 2010. In July 2010, when you are arranging the contract, the computers are priced at 500,000 won each. The spot rate in July 2010 is $1 exchanging for 1250 won (Korean currency). Please show with explanation.

A) Calculate the U.S. dollar price (in July 2010) of 1 unit of Korean currency.

B) What is the total price of computers in dollars?

C) What is the total price of the computers won?

Answer rating: 100% (QA)

a 1 USD11250 00008 b price of co... View the full answer