Question: 1 1 . Valley Stores, a U . S . department store chain, annually negotiates a contract with Alpine Watch Company, located in Switzerland, to

11. Valley Stores, a U.S. department store chain, annually negotiates a contract with Alpine Watch Company,
located in Switzerland, to purchase a large shipment of watches. On February 25,2013, Valley purchased 10,000
watches for a total of 1.26 million Swiss francs. Refer to Table 2.1 and determine the following:
a. The total cost and cost per watch in U.S. dollars
b. The total cost and cost per watch in U.S. dollars of 12,000 watches purchased on November 18,2015,
assuming that Alpines price per watch (in Swiss francs) remains unchanged
Excerpt from Table 2.1
Exchange Rate (U.S. Dollars)
Country Currency February 25,2013 November 18,2015
Switzerland Swiss Franc $ 1.0728 $0.9805

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