SweetSeed Inc. has accounts receivable of 20,000,000 Japanese yen (JPY), which are due within one year. The spot rate fo

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

SweetSeed Inc. has accounts receivable of 20,000,000 Japanese yen (JPY), which are due within one year. The spot rate fo

Post by answerhappygod »

Sweetseed Inc Has Accounts Receivable Of 20 000 000 Japanese Yen Jpy Which Are Due Within One Year The Spot Rate Fo 1
Sweetseed Inc Has Accounts Receivable Of 20 000 000 Japanese Yen Jpy Which Are Due Within One Year The Spot Rate Fo 1 (23.24 KiB) Viewed 96 times
SweetSeed Inc. has accounts receivable of 20,000,000 Japanese yen (JPY), which are due within one year. The spot rate for the yen 0.0124 is US dollars, and the forward rate for the yen is 0.014 US dollars. The annual savings and borrowing rates in Japan are 8% and 12%, respectively. The annual savings and borrowing rates in the US are 7% and 10%, respectively. If the company wants to lock in the exchange rates using the money market hedge, the U.S. dollar-denominated deposit in a year would be a. 259,589 b. 243,491 c. 236,929 d. 252,593
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”