Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25 million in
Question:
Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of ¥313.25 million in 45 days. The bank quotes a forward rate of ¥103.01/$ to buy the required yen. What is the cost to Brilliant in U.S. dollars?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Cost of machinery 313...View the full answer
Answered By
Ann Wangechi
hey, there, paying attention to detail is one of my strong points, i do my very best combined with passion. i enjoy researching since the net is one of my favorite places to be and to learn. i am a proficient and versatile blog, article academic and research writing i possess excellent English writing skills, great proof-reading. i am a good communicator and always provide feedback in real time. i'm experienced in the writing field, competent in computing, essays, accounting and research work and also as a Database and Systems Administrator
4.90+
151+ Reviews
291+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
Question Posted:
Students also viewed these Business questions
-
Crane, Inc., sold equipment to an Irish firm and will receive 1,319,405 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.0812/, what is the dollar...
-
Identify three fundamental types of decisions that financial managers make and identify which part of the balance sheet each of these decisions affects.
-
If the nominal rate of interest is 4.25 percent and the expected rate of inflation is 1.75 percent, what is the real rate of interest?
-
Write an HTML document to create a form that collects favorite popular songs, including the name of the song, the composer, and the performing artist or group. This document must call one PHP script...
-
The Finishing Department of Paragon Manufacturing Co. prepared the following factory overhead cost budget for October of the current year, during which it expected to operate at a 100% capacity of...
-
Show that |exp(z2)| exp(|z|2).
-
What are the implications for a country attempting to manage its domestic economy if it is subject to an international business cycle? How might it attempt to overcome such problems? The problem is...
-
The French government announced plans to convert state- owned power firms EDF and GDF into separate limited companies that operate in geographically distinct markets. BBC News reported that Frances...
-
Describe the concept of active listening in the context of leadership communication. How does it contribute to effective team collaboration?
-
Compare the medium of a wired LAN with that of a wireless LAN in todays communication environment.
-
Given the following direct quotes, calculate the equivalent indirect quotes. a. $0.0844/Mexican peso b. 0.8513/ c. Rs 54.64/C$
-
Triumph Autos has contracted with an Indian software firm for design software. The payment of 22,779,750 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs...
-
What is the difference between doing design with CRC cards and designing with sequence diagrams?
-
Peterson Home Centers is in the process of a market analysis. The latest reports about the project show that it is difficult for many consumers in their target market to obtain home improvement...
-
Compute the Delta and Gamma of the put and plot them on two seperate graphs for a range of spot S&P 500 prices ranging from $2,000 to $4,000. The Gamma represents the sentivity of the Delta, i.e. the...
-
If an employee associates with a group having social or political aims that conflict with the employer's position on particular issues, should that matter if the employee maintains satisfactory job...
-
The initial loan amount: $33,000 Interest: 6.5% and compound annually. The loan will mature in 3 years. Year 1 2 3 Beginning Balance $33,000.00 22,685.00 11,699.53 Payment A A A What is the payment...
-
How is FAPE vital to you and your future endeavors of being a highly qualified educator for your students? How are FAPE and IEP implementation related? 3. Explain the IEP team's responsibilities...
-
Georgia Company has condensed income statements as follows: REQUIRED: Prepare a horizontal analysis of Georgia Company's income statements. Comment on the trends, both favorable and unfavorable. 2011...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
Net Present Value It is sometimes stated that the Net Present Value approach assumes reinvestment of the intermediate cash flows at the required return. Is this claim correct? To answer, suppose you...
-
Internal Rate of Return It is sometimes stated that the internal rate of return approach assumes reinvestment of the intermediate cash flows at the internal rate of return. Is this claim correct? To...
-
Internal Rate of Return It is sometimes stated that the internal rate of return approach assumes reinvestment of the intermediate cash flows at the internal rate of return. Is this claim correct? To...
-
Quality Cabinets Inc. (Quality) manufactures custom kitchen cabinets from its location in Squamish, British Columbia. The cabinets are then sold to contractors who install them in kitchens. Bruce...
-
Wildhorse Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $5.00 $11.00 $54.00 Direct labor 4.00 3.00 24.00 Manufacturing overhead 5.00...
-
Hindenburg Inc. is an automobile manufacturer in the city of New Orleans, Louisiana that specializes in farm-related vehicles, such as tractors, etc. They have two types of tractors Standard and...
Study smarter with the SolutionInn App