1 = Canadian Dollars‚ 2 = Mexican Pesos‚ 3 = English Pounds‚ 4 = Japanese Yen‚ 5 = French Francs” Input Type = “1”. “2”‚ “3”‚ “4”‚ or “5” Until Response = “1”. “2”‚ “3”‚ “4”‚ or “5” End Get_int_value module Repeat Write “Enter US currency in dollars.” Input USD Until USD >0.01 End Convert currency module Set CDXRate = 1.4680 Set MPXRate = 9.5085 Set EPXRate = 1.6433
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competitors face reduced costs when the Yen is depreciating. Also‚ with increasing profit margins‚ end-price to consumer can be lowered and lead to gain in market share for Japanese competitors. Research had shown that a 10 Yen appreciation to the dollar reduces operating profit by $4 billion 2. How important is GM’s competitive exposure? GM’s competitive exposure to yen derives from the yen’s effect to GM’s competitors. That is‚ with the expectation of a depreciation in Japanese yen‚ the
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is their only international distributor is it safe to believe most of Frays sales are done in Canada and in Canadian dollars. Additionally‚ labour‚ materials and all other cost associated with production along with managerial cost are also done in Canada and most likely denominated in Canadian dollars. Based on these two primary indicators we have to considering the Canadian dollar as the functional currency. The first step to understanding the accounting implication of the MI transaction is to
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if they expect the dollar to depreciate versus the yen during the next three months? Use the information provided in Exhibit 10. 3. Suppose that OSG undertakes the same mandatory hedging policy as S. Corporation‚ the American company whose minimum forward-cover schedule is shown in Exhibit 9. Apply this schedule to the US$1 million account receivable case for OSG and find the expected total end-of-period value of the position taken by OSG. OSG expected to receive a US dollar (foreign currency) payment
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Amount in US$ 100‚000.00 103‚780.00 100‚040.00 82‚290.00 Adjustment 0 3‚780.00 40.00 (17‚710) Factor (US) 1.2034** 1.1656 1.1652 0.9881 Rounding and with 4 decimal places. **Notice that a Canadian dollar buys only .830979 cents of US dollar. Hence‚ to get what $1 buys in Canadian dollars you need to go from the Direct vs indirect quote: === 1.2034 = .1/.83098. The difference between rates will determine the
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paid the packaged in Canadian dollars‚ but the hotels all these destination would accept payment in U.S. dollars only. As a consequence‚ VS faced foreign exchange risk on their operating business. The major concerns facing VS was the impact that changes in the Canadian dollar‚ it meant the company’s ability to pay its supplier. Therefore‚ the president in this company thought much how to deal with the U.S. dollars obligation. If the current exchange Canadian dollar appreciated from 0.6940 – 0.6298
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Chinese suppliers figure out a way to detect and reject contaminated honey. Its current cost for 50-50 blend of Chinese and Canadian honey is $1.08 Canadian dollars per pound. Harrington Honey has proposed three main options: a) 100% pure Canadian honey‚ which costs $1.75/lb; b) 100% U.S. honey at $1.10/lb in U.S. dollar ($1.79 Canadian dollar); or c) 50-50 Canadian-Argentinean honey for $1.42/lb. As a result of the supply shortage‚ prices for non-Chinese honey have gone up significantly. There are
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capitalization of 200 million dollars. The leading product of Aspen is Aspen Plus; we have to note that 48 % of sales were stemming from this product in 1995. The company gives great significance to R&D as the customers commitment depends on the development of Aspen’s current products. In 1995‚ 11.4 million dollars was dedicated to R&D. There is a factor of foreign currency expense as 20% of the total R&D expense was denominated in British pounds; the rest was in U.S dollars. Aspen enjoys a collection
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Motors’ corporate hedging policies‚ its risk management structure‚ and how accounting rules impact hedging decisions. The company is considering deviations from prescribed policies because of two significant exposures: an exposure to the Canadian dollar with adverse accounting consequences and an exposure to the Argentinean currency when devaluation is widely anticipated. Students must evaluate the risks General Motors faces in each situation and consider which hedging strategy - if any - might be
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1. What is the price of the Brazilian Real in terms of US Dollars? What is the price of the US Dollar in terms of Brazilian Real? 1. US0.4912/BR 2. BR2.0358/US 2. Did the Australian Dollar appreciate or depreciate against the US dollar from Tuesday to Wednesday? A: Appreciate 3. What is the cross rate for the Brazilian Real in terms of Mexican Peso? 0.0751/0.4912=BR0.15289/MP 4. A bank provides the following quotes: Real0.15021/Mexican Peso and Real0.004143/Chilean Peso. Which of these
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