University of Phoenix Conversion Rates & Exchange Rates Questions Please complete the attached quiz. Just need to answer the questions, no writing needed.

University of Phoenix Conversion Rates & Exchange Rates Questions Please complete the attached quiz. Just need to answer the questions, no writing needed. Thank you very much….There is no additional info needed Question 1
Use the information below to answer the following questions.
Polish Zloty
Euro
Mexican Peso
Swiss Franc
Chilean Peso
New Zealand
Dollar
Singapore
Dollar
U.S. $ EQUIVALENT CURRENCY PER U.S. $
.2986
3.3486
1.2333
.8108
.0752
13.2990
1.0267
.9740
.002071
482.80
.8085
1.2368
.8009
1.2486
a. If you have $220, how many Polish zloty can you get? (Do not include the Polish
zloty sign (Z). Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.)
b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations
and round your answer to 4 decimal places, e.g., 32.1616.)
c. If you have 4.90 million euros, how many dollars do you have? (Do not round
intermediate calculations and round your answer to the nearest whole number,
e.g., 1,234,567.)
d. Which is worth more, a New Zealand dollar or a Singapore dollar?
e. Which is worth more, a Mexican peso or a Chilean peso?
f1.How many Swiss francs can you get for a euro? (Do not round intermediate
calculations and round your answer to 4 decimal places, e.g., 32.1616.)
f2.What do you call this rate?
a.
Polish zloty
b.
Value of one euro
c.
Value in dollars
d.
Worth more
e.
Worth more
f-1.
Swiss francs per dollar
f-2.
Type of rate
Question 2
Types of exchange rate risk include all of the following, except:
Multiple Choice
•
Short-run exposure
•
Interest rate exposure
•
Long-run exposure
Translation exposure
•
Question 3
The selling price of imported olive oil is $20 per case. Your cost is 15 Euros per case, and
the exchange rate is currently 1.25, so it takes 1.25 Euros to buy $1. Your largest customer
has ordered 15,000 cases of olive oil. How much is the pretax profit for this transaction?
Multiple Choice
•
$60,000
•
$120,000
•
$80,000
•
$90,000
$100,000
•
Question 4
The Simpson Corporation is calculating their adjusted balance sheet into U.S. Dollars. The
exchange rate at the beginning of the year was $1 Euro = $1 U.S. dollar. The current
exchange rate is .80 Euros to $1.00. Net Income for the year was zero. How much is the
accounting gain/loss due to the exchange rate change?
Beginning Balance Sheet:
• Assets = 3,000 Euros
• Equity = 1,500 Euros
• Liabilities = 1,500 Euros
Multiple Choice
•
$500, gain
•
$500, loss
•
$125, gain
•
$375, loss
$375, gain
•

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