What was the spot rate at which the pesos were converted

Assignment Help Financial Management
Reference no: EM131613852

Crescent Corporation's recent sale to a firm in Mexico produced revenues of 14,264,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,641,037.50, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2500.)

Reference no: EM131613852

Questions Cloud

Analyze in detail why you believe the risk management : Analyze in detail why you believe the risk management, control identification, and selection processes are so important, specifically in this organization.
Explain the american terrorism study : The American Terrorism study began in 1989 from the Federal Bureau of Investigations (FBI) Terrorist Research and Analytical Center release files
Differences between an all-cash and all-stock transaction : What are the differences (stock, risk, economic, etc.) between an all-cash and all-stock transaction? What are the pros and cons of each?
Defining internal and external evidence : Discuss the difference between external and internal evidence as it relates to your PICOT search strategy.
What was the spot rate at which the pesos were converted : what was the spot rate at which the pesos were converted?
Discuss given vector statement into components : The vector in 2-space of length 2 pointing up and to the right at an angle of p/4 with the x-axis.
What extent the pro-con argument based upon facts or values : what extent the pro-con argument about capital punishment based upon facts or values? Briefly discuss capital punishment from both a deontological
Industries operated as monopolist for the past several years : Smyth Industries operated as a monopolist for the past several years, earning annual profits amounting to $58 million,
Withdrawals will they be able to make before account balance : How many college withdrawals will they be able to make before the account balance is $0?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd