Question: 1 1 . Valley Stores, a U . S . department store chain, annually negotiates a contract with Alpine Watch Company, located in Switzerland, to
Valley Stores, a US department store chain, annually negotiates a contract with Alpine Watch Company,
located in Switzerland, to purchase a large shipment of watches. On February Valley purchased
watches for a total of million Swiss francs. Refer to Table and determine the following:
a The total cost and cost per watch in US dollars
b The total cost and cost per watch in US dollars of watches purchased on November
assuming that Alpines price per watch in Swiss francs remains unchanged
Excerpt from Table
Exchange Rate US Dollars
Country Currency February November
Switzerland Swiss Franc $ $
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