What is the dollar revenue received

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1. Pharoah Corporation's recent sale to a firm in Mexico produced revenues of 13,780,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,088,620.00, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2578.)

2. If the spot rate was $1.0230/C$ and the 90-day forward rate was $1.0350/C$, how much more (in U.S. dollars) would you receive by selling C$1,827,000 at the forward rate than at the spot rate?

3. Crane, Inc., sold equipment to an Irish firm and will receive €1,368,800 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.2980/€, what is the dollar revenue received? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132365738

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