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A business based in Country
A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A). When payment ism Rate is O$1 to A1 4.
What is the exchange rate gain (+) or loss (-) made by the Country A business?
Give your answer to a whole number.
Suggested Answer: A
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13 comments · newest first
LE
Leslie
12 months ago
I agree with 3000, seems right based on the rates!
HE
Hershel
12 months ago
Definitely a loss, but 4000 seems too high.
GA
Galen
1 year ago
Wait, so they lose money even though they agreed to pay?
PA
Paris
1 year ago
I think the loss is 3000 A.
FR
Frederick
1 year ago
The original cost in pounds was 30,000 A.
AI
Ailene
1 year ago
I feel like I might have confused the exchange rates during practice. Was it 20,000 or 12,000 that we were converting?
VI
Vincent
1 year ago
I think the gain or loss is based on the difference in how many pounds we need to pay now versus when we agreed to the contract.
NA
Na
1 year ago
If I recall correctly, the initial exchange rate was 1.5, and now it's 1.4. That suggests a loss, but I need to double-check my math.
GI
Gilma
1 year ago
I remember we practiced a similar question about currency exchange rates, but I'm not sure if I calculated the gain or loss correctly.
ME
Meaghan
1 year ago
I feel pretty confident about this one. Based on my understanding of FINRA's rules, a registered representative giving a free seminar to their church members would not be considered a public appearance. The other options all seem to fit the definition.
VI
Virgina
1 year ago
I'm pretty confident the answer is D. Requirement. The key requirement here is to create a unique planned purchase order for each new demand, and the Requirement coverage code is designed to do exactly that.
MA
Marge
1 year ago
Hmm, I'm a bit confused on the difference between these two. I know one is for calling other contracts, but I'm not sure which one is for libraries and which one preserves the storage.
MI
Mirta
1 year ago
Okay, I've got this. The county coroner's office would be the best source of information for investigating homicides and suicides. They have the expertise and access to the necessary medical and forensic data. I'm confident option A is the correct answer.