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Management 14th Edition by Leslie Rue,Lloyd Byars ,Nabil Ibrahim
Edition 14ISBN: 978-0078029110Management 14th Edition by Leslie Rue,Lloyd Byars ,Nabil Ibrahim
Edition 14ISBN: 978-0078029110 Exercise 1
Exchange Rates
Your company imports 3 million pounds of chocolate from Switzerland a year at a cost of 3 Swiss francs a pound. Last year the value of the Swiss franc was 1.5 francs per dollar. How much did your imports cost in dollars? If the value of the Swiss franc goes to 1.2 francs per dollar this year, how much will your imports cost?
Your company imports 3 million pounds of chocolate from Switzerland a year at a cost of 3 Swiss francs a pound. Last year the value of the Swiss franc was 1.5 francs per dollar. How much did your imports cost in dollars? If the value of the Swiss franc goes to 1.2 francs per dollar this year, how much will your imports cost?
Explanation
Verified
Verified
Cost in Swiss Francs = 3,000,000 pounds ...
Management 14th Edition by Leslie Rue,Lloyd Byars ,Nabil Ibrahim
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