Refer to the table above. An international seafood supplier is offered 9.52 million yen today for 1000 pounds of abalone frozen in the shell. One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition, What is the value, in U.S. dollars, of the best deal the international seafood supplier can make?
A) $12,333
B) $14,333
C) $14,833
D) $13,333

Question

Refer to the table above. An international seafood supplier is offered 9.52 million yen today for 1000 pounds of abalone frozen in the shell. One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition,  What is the value, in U.S. dollars, of the best deal the international seafood supplier can make?
A) $12,333 
B) $14,333 
C) $14,833 
D) $13,333

Quizplus · Accepted Answer

D) 9.52 million / 102 yen = $93,333; cost = 104,000/1.3 NZD = $80,000;
$93,333 - $80,000 = $13,333.

Refer to the Table Above