Compute the costs into US dollars

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Reference no: EM132348194 , Length: word count:750

International Business Assignment -

Complete Part 1 and Part 2 of this assignment, and submit as a single document for grading.

Part 1 - Your Company is deciding to expand to the following countries, and you and two other managers will have to visit these countries to set up operations. You have $1,500.00 to convert in each currency. Compute the exchange amount for each, and complete the table.

The currency required would be just the USD/Exchange Rate ( $/Currency),so

Country/Currency	USD value for 1 unit of another currency (as of 2/17/16)	Amount
Japanese yen	$0.008754	?171350.2
Euro	$1.1159	€1344.206
British pound	$1.4398	£1041.811

While you are visiting each of these countries, you have to buy supplies and equipment for your operations. You want to determine what it is costing you in U.S. dollars. Utilizing the same exchange rates given above, compute the costs into U.S. dollars, and complete the table:

The Dollar needed will be Currency Exchange Rate * Expenditure in Currency

Japanese yen	Computer ?167,000.00	$1461.918
Euro	Desks & chairs €1,125.00	$1255.388
British pound	Printer £575.00	$827.885

Part 2 - Pedro in Costa Rica wants to purchase some wild Atlantic salmon from Hans in Iceland. The fish are purchased in Iceland's currency, the krona. Pedro's brother works in a bank and will take care of the transactions free of charge. Pedro has 1,000,000 colons to start with. (There is no transaction fee, and shipping is not calculated at this point.)

How much krona does he have to work with?

Country/Currency	USD $ value for 1 unit of another currency (as of 2/17/16)	Euro € value for 1 unit of another currency (as of 2/18)
Costa Rica colon CRC	$0.001909	€0.001745
Iceland krona ISK	$0.00788	€0.007062

The next day Hans decides to purchase some bananas from his new trading partner in Costa Rica. Han's sister works for an import/export agency and can arrange the transaction in euros with no fee. Hans takes all of the krona he received from Pedro and proceeds to convert his currency to colon. (Note, one country's currency experienced some weakness overnight.)

How much colon does he have to work with? List your steps and the results you achieved with each step. Also, explain some factors that could cause the country's currency to weaken.

Reference no: EM132348194

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len2348194

7/29/2019 10:26:39 PM

Need 750 words. Can the writer please answer all the tasks and if possible put some diagrams in. also it needs to be referenced and have a low similarity index. A copy of the similarity index would be helpful. Complete Part1 and Part 2 of this assignment, and submit as a single document for grading.

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