1 in new york you can exchange 1 for euro08353 or, Ask an Expert

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1. In New York, you can exchange $1 for €0.8353 or £0.6354. Suppose that, in Berlin, £1 costs €1.1727. How much profit can you earn on $13,146 using triangle arbitrage?

2. ABC Company sells 2,082 chairs a year at an average price per chair of $163. The carrying cost per unit is $15.32. The company orders 563 chairs at a time and has a fixed order cost of $76 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model?

3. You are planning to visit Japan in December. You estimate the cost of your trip to be $929. How many yen do you need to buy if the exchange rate is 1$ = 146.77 yen?

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Financial Management, Finance

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