Question: Show all formulas for how to do so. Suppose that Apple sells iPhones in China. The phones are manufactured in the US. The total cost

Show all formulas for how to do so.

Suppose that Apple sells iPhones in China. The phones are manufactured in the US. The total cost of manufacturing and shipping an iPhone to China is $500 US dollars. In China, the iPhone is sold to Chinese customers who can only pay with Chinese Yuan. To prevent confusion amongst Chinese customers, Apple has decided to fix the price in Chinese Yuan. It sells the iPhone for 5,000 Chinese Yuan. Suppose that Apple will not receive payment from the customer until one month from now. In one month, it will receive and convert the 5,000 Yuan to US dollars. Make a table in Excel showing the impact on the \$ profit of Apple for exchange rates ranging from 1 Yuan/\$ to 20 Yuan/\$. Create a chart using this data in Excel to show the company's exposure to foreign exchange risk similar to what we did in class. In your Excel file, identify the break-even exchange rate. I.e., at what exchange rate will Tesla break even on the sale of the car? Suppose that Apple sells iPhones in China. The phones are manufactured in the US. The total cost of manufacturing and shipping an iPhone to China is $500 US dollars. In China, the iPhone is sold to Chinese customers who can only pay with Chinese Yuan. To prevent confusion amongst Chinese customers, Apple has decided to fix the price in Chinese Yuan. It sells the iPhone for 5,000 Chinese Yuan. Suppose that Apple will not receive payment from the customer until one month from now. In one month, it will receive and convert the 5,000 Yuan to US dollars. Make a table in Excel showing the impact on the \$ profit of Apple for exchange rates ranging from 1 Yuan/\$ to 20 Yuan/\$. Create a chart using this data in Excel to show the company's exposure to foreign exchange risk similar to what we did in class. In your Excel file, identify the break-even exchange rate. I.e., at what exchange rate will Tesla break even on the sale of the car

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