Assume That You Manage a Firm That Faces Transaction Exposure

Assume that you manage a firm that faces transaction exposure.Your company manufactures and sells scooters around the world.You just completed a large sale of scooters to a chain of stores in Sweden and received a promised payment of 1,100 krona per scooter.You have already sold 2,500 scooters and are now awaiting payment.The exchange rate today is 8.5 krona per dollar.What will be your sales receipt in krona,and what amount of dollars will these kronas convert to at today's exchange rate?

A) 2,750,000 kronas and about 428,571 dollars
B) 3,000,000 kronas and about 323,529 dollars
C) 2,750,000 kronas and about 323,529 dollars
D) 3,000,000 kronas and about 428,571 dollars