Fast Manufacturing, Inc

question 20

Short Answer

Fast Manufacturing, Inc. has contracted to sell certain goods to a company in Finland. The price agreed upon for the goods is 500,000 euro. On the date the contract was signed, the euro was valued at $1.30. If the value of the euro fell from $1.30 to $1.25 on the date of payment, compute how much Fast Manufacturing, Inc. lost by contracting in euro instead of U.S. dollars.​

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Definitions:

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A condition characterized by an abnormally low number of platelets in the blood, affecting blood clotting.

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The process by which blood changes from a liquid to a gel, forming a blood clot.

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A medical condition resulting in the loss of hair from the head or body, which can be temporary or permanent.

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A type of cancer treatment using one or more anti-cancer drugs as part of a standardized chemotherapy regimen to kill or slow the growth of cancer cells.