Consider a u. s. importer desiring to purchase merchandise from a dutch exporter invoiced in euros, at a cost of €160,000. the u. s. importer will contact his u. s. bank (where, of course, he has an account denominated in u. s. dollars) and inquire about the exchange rate, which the bank quotes as €0.6250/$1.00. the importer accepts this price, so his bank will proceed to the importer's account in the amount of

a) credit; €512,100
b) credit; $500,000
c) debit; €100,000
d) debit; $256,000

Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?

Greentel, a telecom giant, has been using the service of orpheus inc. for training its employees. according to a deal signed by the two companies, orpheus inc. is not only responsible for training greentel's employees but also for providing comprehensive administrative services to the telecom giant. in this instance, greentel engages in