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CIMAPRA17-BA1-1 Exam - Topic 1 Question 60 Discussion

A business based in CountryA. 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.
A) 2000
B) 3000
C) 4000
D) 5000

CIMAPRA17-BA1-1 Exam - Topic 1 Question 60 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 60
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

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.

Show Suggested Answer Hide Answer
Suggested Answer: A

by Lashawnda at Oct 28, 2022, 06:52 AM

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Leslie
8 months ago
I agree with 3000, seems right based on the rates!
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Hershel
9 months ago
Definitely a loss, but 4000 seems too high.
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Galen
9 months ago
Wait, so they lose money even though they agreed to pay?
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Paris
9 months ago
I think the loss is 3000 A.
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Frederick
9 months ago
The original cost in pounds was 30,000 A.
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Ailene
9 months ago
I feel like I might have confused the exchange rates during practice. Was it 20,000 or 12,000 that we were converting?
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Vincent
9 months 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.
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Na
9 months 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.
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Gilma
9 months 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.
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Meaghan
10 months 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.
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Virgina
10 months 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.
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Marge
10 months 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.
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Mirta
10 months 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.
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