Suppose DeGraw Corporation,a U

question 8

Multiple Choice

Suppose DeGraw Corporation,a U.S.exporter,sold a solar heating station to a Japanese customer at a price of 130.5 million yen,when the exchange rate was 140 yen per dollar.In order to close the sale,DeGraw agreed to make the bill payable in yen,thus agreeing to take some exchange rate risk for the transaction.The terms were net 6 months.If the yen fell against the dollar such that one dollar would buy 154.4 yen when the invoice was paid,what dollar amount would DeGraw actually receive after it exchanged yen for U.S.dollars?

• A) $845,207.25
• B) $1,039,604.92
• C) $1,048,056.99
• D) $676,165.80
• E) $659,261.66

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Definitions:

Business Culture

The set of beliefs, ethics, practices, and behaviors that defines the way a company operates and interacts internally and externally.

Consumer Ethics

Refers to the moral principles that guide consumers in their purchase decisions, considering the impact on society, environment, and economy.

Online Auction Fraud

A type of scam where fraudsters manipulate the bidding process in online auctions to deceive buyers or sellers, often involving fake listings or payment schemes.

Loss Prevention

Strategies and actions implemented by businesses to prevent theft, fraud, and other losses that can result in decreased revenue.