Part A FX Risk 10 points Calculate the FX position of Company A based on the values in the following chart. Explain the benefits this company will experience according to its FX position. FOREIGN EXCHANGE POSITION (IN USD) Confirmed exposure Cash 340,000 Accounts receivable 1,200,000 Firm orders - sales 6,400,000 Accounts payable (155,000) Firm orders - purchases (1,500,000) Other confirmed receipts 0 0 Other confirmed disbursements 0 Confirmed Exposure Unconfirmed Exposure Expected sales 15,250,000 Expected purchases (2,040,000) Other expected receipts 0 Other expected disbursements 0 Unconfirmed Exposure Total exposure Foreign exchange contracts FX forward contracts used to sell U.S. dollars (5,200,000) FOREIGN EXCHANGE POSITION