Assume that you are the manager of a U.S.company and you face an exchange rate of ¥150 per $1.Whenever you receive an order,rather than ship from your production facilities,you call in the order to a Japanese company and have the bill shipped to you directly.If the bill shipped to you is ¥7,500 and you can collect $55 per item sold to your customer,what would be your profit if you pay the Japanese company ¥7,500?
A) $5.00 per item
B) $4.75 per item
C) $4.50 per item
D) $4.00 per item
Correct Answer:
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