Spot Rate: Starling Corporation Purchased Some Components from a Mexican

question 13

Multiple Choice

Spot rate: Starling Corporation purchased some components from a Mexican manufacturer. They have to pay 110 million Mexican pesos for the goods today. The spot rate today is MP10.3540/$. What is the dollar cost of this payable? Round to the nearest dollar.

• A) $110,000,000
• B) $10,623,913
• C) $11,110,235
• D) $1,138,940,000

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Definitions:

Equity Theory

Theory that holds that motivation is based on our perception of fairness in comparison with others.

Referent Other

An individual or group that people compare themselves to for the purpose of evaluating their own behavior, abilities, or beliefs.

Perceived Inequity

The sense of feeling under-rewarded or over-rewarded in comparison with others.

Inputs Ratio

Measurement comparing the amount or quality of resources used to the output or results achieved, often used in productivity and efficiency analysis.