Question: Can you please help me with this question? help me with the calculations Question text The following table shows the exchange rate between the Cedi




Question text The following table shows the exchange rate between the Cedi and other currencies. Currency US$ GB ZAR CFA Bid Rate 5.20 E 5.90 0.38 0.11 Ask Rate 6.70 6.30 I 0.15 Spread D F G J K % of Spread 0.0545 0.0448 H 0.0952 Required:John Bosco, the CEO of JB Limited, a Ghanaian manufacturing firm, wants to import manufacturing equipment worth US$1 million from the United States of America. How much Ghanaian Cedi should he gather for the purchase of the equipment? Select one: a GHS5,600,000 b. GHS5,700,000 c. GHS5,570,000 d. GHS5,500,000 Currency US$ GB E ZAR CFA Bid Rate 5.20 E 5.90 0.38 0.11 Ask Rate 6.70 6.30 Spread D F G J K % of Spread 0.0545 0.0448 H 0.0952 0.15 What is the value of H? Select one: a 1.59% b. 6.35% o c. 3.18% d. 4.76% Question text The following table shows the exchange rate between the Cedi and other currencies. Spread D F Currency US$ GBE E ZAR CFA Bid Rate 5.20 E 5.90 0.38 0.11 Ask Rate 6.70 6.30 I 0.15 % of Spread 0.0545 0.0448 H 0.0952 L G J K Required:Isaac Bawuah Limited has GB5million and needs Ghana cedis. How much Ghana cedis will he gets? Select one: a. GB781,250 b. GHS32.00 million c. GHS33.5 million Question text The following table shows the exchange rate between the Cedi and other currencies. Currency Bid Rate Ask Rate Spread % of Spread US$ 5.20 D 0.0545 GBE 6.70 F 0.0448 E 5.90 ZAR 0.38 0.0952 CFA 0.11 0.15 E 6.30 G H 1 K L Required: What is the value of C? Select one: a. 5.70 b. 5.60 c. 5.57 d. 5.50 Question text The following table shows the exchange rate between the Cedi and other currencies. Currency Bid Rate Ask Rate Spread % of Spread US$ 5.20 0.0545 GB E 6.70 0.0448 15.90 6.30 G ZAR 0.38 J 0.0952 CFA 0.11 0.15 K D F H Required: Isaac Bawuah Limited has GB5million and needs Ghana cedis. What is the profit of the bank on the Isaac Bawuah Limited transaction? Select one: a. GHS1,10 million C b. GHS1.46 million c. GHS1.50 million d. GHS1.45 million
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