Management of Oriole, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of
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Management of Oriole, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources. Kyoto, Inc., quotes a price of ¥6,500 per gigabyte. The current exchange rate is ¥103.60/$. Another Japanese manufacturer offers to supply the same flash memory at a price of €57.50 per gigabyte. The spot rate available is ¥202.02/€. (Round answers to 2 decimal places, e.g. 15.25.)
Vendor 1 | Vendor 2 | |||||
---|---|---|---|---|---|---|
Cost from | $enter your answer in dollars rounded to 2 decimal places | per gigabyte | $enter your answer in dollars rounded to 2 decimal places | per gigabyte |
Which is the cheaper source of flash memory for Oriole?
select between vendor 1 and vendor 2
Which vendor has the cheaper source of flash memory forOriole?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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