Kariong Manufacturing an Australian manufacturing company is importing car parts from Thailand and currently the exchange rate is AUD/THB 31.37. Kariong has just signed a contract with its Thailand supplier to import 830,000 car parts at 51 THB per part, with delivery in six months' time. The car parts can be sold for AUD $29 to local car shops. What profit will the company make when it settles with the Thai manufacturing company in six months' time If the 6-month spot exchange rate is AUD/THB 24.9.?

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Okay lets break this down stepbystep Given information Current exchange rate AUDTHB 3137 Contract to ... View the full answer