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ExtremeBDS [4]
3 years ago
12

Solartech Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 143.5 million yen, whe

n the exchange rate was 140 yen per dollar. In order to close the sale, Solartech agreed to make the bill payable in yen, thus agreeing to take on exchange rate risk for the transaction. The terms were net 6 months. If the yen fell against the dollar such that one dollar would buy 154.4 yen when the invoice was paid, what dollar amount would Solartech actually receive after it exchanged yen for U.S. dollars? (Hint: You are converting Yen to U.S. dollar based on the current value of Yen to one U.S. dollar) Select one: a. $1,000,000 b. $1,025,000 c. $1,075,958 d. $ 929,404 e. $ 975,610
Business
1 answer:
Ulleksa [173]3 years ago
3 0

Answer:

$929,404.15 (approx)

Explanation:

The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-

= Price ÷ One dollar bought

= 143,500,000  ÷ $154.40 yen

= 143,500,000 ÷ $154.40  yen

= $929,404.15 (approx)

Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.

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The following costs were incurred in May: Direct materials $ 39,700 Direct labor $ 23,200 Manufacturing overhead $ 24,000 Sellin
Maslowich

Answer:

$62,900

Explanation:

According to the situation, the solution is as follows

The prime cost is

= Raw material + direct labor

= $39,700 + $23,200

= $62,900

It is a combination of both the raw material and direct labor therefore calculating it we simply added the raw material and direct labor in order to determine the prime cost incurred during the month

8 0
3 years ago
You are considering an investment in a clothes distributer. The company needs $ 102 comma 000 today and expects to repay you $ 1
larisa86 [58]

Answer:

You Should invest

Explanation:

Let the IRR be x.

Now , Present Value of Cash Outflows=Present Value of Cash Inflows

103,000 =130,000/(1.0x)

Or x= 26.214%

Hence the IRR of this investment opportunity is 26.2% (approx)

Cost of Capital = 12%

The IRR rule says that one must accept. This is because the IRR is greater than the cost of capital.

Hence the correct answer is : should invest

4 0
3 years ago
A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to a. assi
mojhsa [17]

Answer:

<em>provide relevant revenue and cost data about each course of action.</em>

Explanation:

Accounting reports are extremely relevant for business decision making. It can help executives make more effective decisions based on periodic cost and revenue accounting data that will guide management to know the real situation of the company, and thus identify the best strategy to correct potential problems.

7 0
3 years ago
One argument for the idea that customer demands for local customization are on the decline worldwide is that
PolarNik [594]

Answer: customer tastes have converged worldwide.

Explanation:

The options to the question are:

A. governments across the world are standardizing their legal procedures.

B. customer tastes have converged worldwide.

C. high costs of local customization are deterring companies from doing so.

D. managers worldwide ignore the differences in consumer tastes and preferences.

E. local and indigenous industries are increasingly filling up available demand

Local customisation is simply the implementation of creative ideas with a particular brand. argument for the idea that customer demands for local customization are on the decline worldwide is that customer tastes have converged worldwide.

8 0
3 years ago
Retail websites can most advisedly grow their email list by Group of answer choices automatically putting all customers on the b
larisa [96]

Answer:

Allowing customers to sign up for the email list during the checkout procedure

Explanation:

Mobile Shopping

This is on a rapid increase and a common trend due to the popularity of smartphones and tablets, mobile shopping is the practice of purchasing goods or services using a mobile device. There is the act of shopping online using a computer, only with a smaller screen. Mobile shoppers can complete their transactions either on a retailer's mobile site or with the use of an app.

Email marketing has information about deals that might interest its customers. Customers usually do not like stress and one of the best way to sign up for emails is during checkout time for goods bought.

4 0
3 years ago
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