sydney6384
02.10.2019 •
Business
You are a french trader $ 10,000 to invest. the dollar-euro exchange rate is quoted as $ 1.20 = € 1.00 and the dollar-pound exchange rate is quoted at $ 2.15 = £ 1.00. if a bank quotes you an exchange rate of £1.00 = €1.70 do you think you will be able to profit out of these quotes, how can you make money?
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Ответ:
Explanation:
The correct value of inventory:
Year end balance $267,670
Add:
Goods purchased on term FOB shipping point $25,600
Goods sold on terms FOB destination $52,170
Less: Goods purchased on terms FOB destination ($43,630)
Correct inventory as on December 31 $301,810