1) You are planning to visit Japan in December. You estimate the cost of your trip to be $904. How many yen do you need to buy if the exchange rate is 1$ = 145.88 yen?
2) ABC Company has projected Sales of $1,442 in January. The sales are expected to grow by 10% each month.ABC's collection schedule is as follows:
ABC collects 37 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the February cash collections?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example,if your answer is $12.345 then enter as 12.35 in the answer box.
3) The exchange rate is 0.9314 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc?
Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
4) ABC Company writes 45 checks a day for an average amount of $711 each. These checks generally clear the bank in 7 days. In addition, the firm generally receives an average of $13,450 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?
5) ABC Company sells 2,583 chairs a year at an average price per chair of $141. The carrying cost per unit is $28.89. The company orders 502 chairs at a time and has a fixed order cost of $92.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs?
Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.