85 The followinga tables show the value (in billions of dollars) of U.S. international trade in goods md services for the years 20o4-1の6. Exports Servies Imports Goads A doods Segvices 341.7 1477.1 292.2 2004 807.5 2005 894.6 388.4 IC81-8 315.7 2006 l013.1 422.6 1861.3 342.8 Let 'E be a 312 matrix vepresenting the export data, and let 'm'be a similar matrx for the import data. Find each of the fallowing matries land indicate what information each provides. a) E-M

85 The followinga tables show the value (in billions of dollars) of U.S. international trade in goods md services for the years 20o4-1の6. Exports Servies Imports Goads A doods Segvices 341.7 1477.1 292.2 2004 807.5 2005 894.6 388.4 IC81-8 315.7 2006 l013.1 422.6 1861.3 342.8 Let 'E be a 312 matrix vepresenting the export data, and let 'm'be a similar matrx for the import data. Find each of the fallowing matries land indicate what information each provides. a) E-M

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter11: Managing Transaction Exposure

Section: Chapter Questions

Problem 2IEE

See similar textbooks

Similar questions

A U.S. company's foreign subsidiary had these amounts in local currency units (LCU) in 2024: Cost of goods sold Beginning inventory Ending inventory LCU 5,230,000 536,000 622,000 The average exchange rate during 2024 was $1.30 = LCU 1. The beginning inventory was acquired when the exchange rate was $1.10 = LCU 1. Ending inventory was acquired when the exchange rate was $1.40 LCU 1. The exchange rate on December 31, 2024, was $1.45 = LCU 1. Required: Assuming that the foreign country is highly inflationary, determine the amount at which the foreign subsidiary's cost of goods sold should be reflected in the U.S. dollar income statement. Cost of goods sold
A U.S. company's foreign subsidiary had these amounts in local currency units (LCU) in 2024: Cost of goods sold Beginning inventory Ending inventory LCU 5,710,000 542,000 623,000 The average exchange rate during 2024 was $1.20=LCU 1. The beginning inventory was acquired when the exchange rate was $1.00=LCU 1. Ending inventory was acquired when the exchange rate was $1.30 = LCU 1. The exchange rate on December 31, 2024, was $1.35=LCU 1. Required: Assuming that the foreign country is highly inflationary, determine the amount at which the foreign subsidiary's cost of goods sold should be reflected in the U.S. dollar income statement. Cost of goods sold
A U.S. company’s foreign subsidiary had these amounts in local currency units (LCU) in 2020: Cost of goods sold LCU 5,590,000 Beginning inventory 548,000 Ending inventory 609,000 The average exchange rate during 2020 was $1.30 = LCU 1. The beginning inventory was acquired when the exchange rate was $1.10 = LCU 1. Ending inventory was acquired when the exchange rate was $1.40 = LCU 1. The exchange rate at December 31, 2020, was $1.45 = LCU 1. Assuming that the foreign country is highly inflationary, at what amount should the foreign subsidiary’s cost of goods sold be reflected in the U.S. dollar income statement?
A company has an account payable to a U.S. company, a supplier of inventory, in the amount of US$250,000. The payable was incurred when the exchange rate was US$1 = Cdn$0.82. At year-end, the rate is $0.79. Required: 1. What amount of inventory is recorded? Amount of inventory 2. What amount of exchange gain or loss will the company report for the year? Amount of exchange gain or los
1. Based on the following information, answer the problems showing procedure for each problem. CURRENCY SPOT & FORWARD RATES TABLE_1 U.S./Can. $1 U.S. $1 Cdn Cdn.$ U.S. $ in in Country per unit per unit Cdn.$= U.S.$= 1.5833 0.6316 SPOT 1 month forward 1.5847 2 months forward 1.5861 3months forward 1.5879 6months forward 1.5932 12months forward 1.6041 3years forward 1.6328 5years forward 1.6538| 7years forward 1.6738 10years forward 1.7133 Britain 1 m forward 2 m forward 3 m forward 6 m forward 12 m forward Europe 1 m forward 3 m forward 6 m forward 12 m forward Japan (pound) 2.4582 2.4559 2.454 2.4525 2.4474 2.4392 1.5504 1.5497 1.549 1.5489 1.5506 (Yen) 0.013034 0.008232 1 m forward 0.013066 0.008245 1.5526 1.5498 1.5472 1.5445 1.5362 1.5206 0.9792 0.9779 0.9755 0.9722 0.9666 0.631 0.6305 0.6298 0.6277 0.6234 0.6124 0.6047 0.5974 0.5837 (euro) Cdn.$ in 2001: High 1.5028 Low 1.6183 Average 1.5701 0.6654 0.6179 0.6369 3 m forward 0.013131 0.00827 6 m forward 0.013231 0.008305 12 m…
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2978 3.3576 Euro 1.2198 .8198 Mexican Peso .0752 13.2988 Swiss Franc 1.0173 .9830 Chilean Peso .002071 482.80 New Zealand Dollar .8087 1.2366 Singapore Dollar .8010 1.2484 a. If you have $180, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 5.80 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to…
Consider the following information: Imports $220.5 Net income from foreign investments 53.4 Foreign investments in U.S. 6.4 Government spending abroad 5.6 Exports 170.7 U.S. investments abroad 24.5 Foreign securities bought by U.S. 5.0 U.S. securities bought by foreigners 2.9 Purchase of short-term foreign securities 7.0 Foreign purchases of U.S. short-term securities 9.6 Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place. Balance on current account: $ Balance on capital account: $
1 . PL Co purchased goods on credit from a US supplier costing $US 225,000 on 5th June 2020 when the exchange rate was A$1 = US0.69 . On 30 June 2020, balance date , the exchange rate was A$1 = US0.72 . PL Co paid the US supplier on 7th July 2020 when the exchange rate was A$1 = 0.74. Required : Prepare the journal entries for the above
Use the following chart to answer the next two questions. 2/17 2/18 2/19 £.8/S $1.30/£ £9/S ¥125/S ¥122/S S.007/N €1.1/S €/S.85 $.95/E What is the percentage appreciation/depreciation of the Euro from the US point of view from 2/17 to 2/18? Round intermediate steps and your final answer to four decimals. Express your answer in decimal format (ex. XXXX)
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2981 3.3546 Euro 1.2243 .8168 Mexican Peso .0752 13.2985 Swiss Franc 1.0204 .9800 Chilean Peso .002071 482.80 New Zealand Dollar .8089 1.2363 Singapore Dollar .8012 1.2481 a. b. c. d. Which is worth more, a New Zealand dollar or a Singapore dollar? e. Which is worth more, a Mexican peso or a Chilean peso? f-1. How many Swiss francs can you get for a euro? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) f-2. What do you call this rate?
Q8: What amount will Music, Inc. report as 2021 Cost of Goods Sold on its year ending 2021 Income Statement?
A U.S. company's foreign subsidiary had the following amounts in stickles (5), the functional currency, in 2018: Cost of goods sold $12,000, e00 Ending inventory Beginning inventory 600,000 240,000 The average exchange rate during 2018 was 81 = $.96. The beginning inventory was acquired when the exchange rate was §1 = $1.20. The ending inventory was acquired when the exchange rate was §1 = $.90. The exchange rate at December 31, 2018 was §1= $.84. Assuming that the foreign nation for the subsidiary had a highly inflationary economy, at what amount should that foreign subsidiary's purchases have been reflected in the 2018 U.S. dollar income statement? Multiple Cholce $11,865,600. $11.577,600. $11.520.000. $11,613,600. $11,523,600.