Solution-Calculate what johnson would receive from the

Calculate what johnson would receive from the japanese

Reference no: EM13573739

Spot Rates. On June 1, Johnson, Inc. received an order from a Japanese customer for 2,500,000 yen to be paid upon receipt of the goods, scheduled for August 1. The rates for $1 US are as follows:

	Exchange Rates for $1 forYen
Spot rate, June 1	83
Forward rate, August 1	82
Spot rate, August 1	81

(a) Calculate what Johnson would receive from the Japanese customer in US dollars using the spot rate at the time of the order.

(b) Calculate what Johnson would receive from the Japanese customer in US dollars using the spot rate at the time of payment.

Reference no: EM13573739

Questions Cloud

Then goldman sachs went looking for buyers they lined up : on may 15 1997 the government of kuwait offered to sell 170 million bp shares worth about 2 billion. goldman sachs was

During the year carolyn lives with torie in his home for : during the year carolyn lives with torie in his home for 10 months and in her home for 2 months. under a

The authorized share capital of the alfred cake company is : the authorized share capital of the alfred cake company is 100000 shares. the equity is currently shown in the companys

Was manufacturing overhead underapplied or overapplied by : selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing

Calculate what johnson would receive from the japanese : spot rates. on june 1 johnson inc. received an order from a japanese customer for 2500000 yen to be paid upon receipt

Paris is a cash basis landlord an earthquake destroyed one : paris is a cash basis landlord. an earthquake destroyed one of his residential rental buildings. even though the lease

I have new assignment and it is about write a 1500 word : i have new assignment and it is about write a 1500 word essay on a guitarist of your choice.discuss the style of music

Currency translation adjustment and contributions to an : in 1999 pfizer had 9000 million shares of common stock authorized 4260 million in issue and 3847 million outstanding

Bhemian links inc produces sausages in three production : bohemian links inc. produces sausages in three production departments-mixing casing and curing and packaging. in the

User Account

All Pages

Calculate what johnson would receive from the japanese

Reference no: EM13573739

Reference no: EM13573739

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT