Assume that you manage a firm that faces transaction exposure. Your company manufactures and sells scooters around the world. You just completed a large sale of scooters to a chain of stores in Sweden and recieved a payment of 1,100 krona per scooter. You have already sold 2,500 scooters and are now awaiting payment. The exchange rate today is 8.5 krona per dollar. What will be your sales receipt in krona, and what amount of dollars will these krona convert to at today's exchange rate?

Answer rating: 100% (QA)

To calculate your sales receipt in krona youll multiply the number of sc... View the full answer