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Ann [662]
3 years ago
15

NorthRim Inc. (NRI), imports extreme condition outdoor wear and equipment from The Allofit Territories Company (ATC) located in

Canada. With the steady decline of the U.S dollar against the Canadian dollar NRI is finding a continued relationship with ATC to be an increasingly difficult proposition. In response to NRI's request, ATC has proposed the following risk-sharing arrangement. First, set the current spot rate of C$1.20/$ as the base rate. As long as spot rates stay within 5% (up or down) NRI will pay at the base rate. Any rate outside of the 5% range, ATC will share equally with NRI the difference between the spot rate and the base rate. If NRI had a payable of C$100,000 due today and the current spot rate were C$1.17/$, how much does would NRI owe in U.S. dollars?
a. $85,837
b. $83,333V
c. $85,470
d. $117,000
Business
1 answer:
olga nikolaevna [1]3 years ago
3 0

Answer:

a

Iwould appreciate if my answer is chosen as a brainliest answer

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Explanation:

The following information can be derived from the question:

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The interest will then be:

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3 years ago
Invertebrates have a (an) ____ which provides a support framework.
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Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
alexdok [17]

Answer:

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Explanation:

Provided information,

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A registered representative sends a prospecting letter to customers stating that significant profits can be achieved by purchasi
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Answer:

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tekilochka [14]

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Learn more about ordinal scale here :- brainly.com/question/13267344

#SPJ4

6 0
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