You have accounts payable to a german exporter for 100, Ask an Expert

Management Studies

You have accounts payable to a German exporter for 100 Porsche Cayenne SUVs. The seller offers a 2 percent discount for payment within 10 days and full payment due in 30 days (2/10 net 30). Today the exchange rate is $1.40 per Euro. You notice that the 30 day forward rate for the $/Euro is $1.38…..what should you do? You owe 70,000 Euros for each of the cars (before any discounts). [Show your work!]

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91425733

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