Estimate the money in dollars have lost or gained, Financial Management

In January 2010 your firm bought from an Italian firm goods payable in Euros worth EU2,000,000.  Suppose that at that time the exchange rate of the Euros was 1EU=$1.25.  Because this was a sale on credit, you paid this bill in October 2010 when the dollar was worth about 0.724 Euros.  How much money in dollars have you lost or gained from this purchase on credit?

            ANSWER: LOSS  $_____________________; GAIN $_________________________

Posted Date: 2/28/2013 4:47:15 AM | Location : United States







Related Discussions:- Estimate the money in dollars have lost or gained, Assignment Help, Ask Question on Estimate the money in dollars have lost or gained, Get Answer, Expert's Help, Estimate the money in dollars have lost or gained Discussions

Write discussion on Estimate the money in dollars have lost or gained
Your posts are moderated
Related Questions
evaluate the importance of leverage in financial management of a small scale company


What is the meaning of Over-capitalisation It is the opposite of over trading. It means a company has a large volume of inventories, trade receivables and cash balances though

Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.

Cash flow duration, like effective duration, considers the change in the cash flow due to prepayment with the change in the interest rate. In effective duration,

Explain about the International Finance When money crosses international boundaries businesses,individualsand governments should deal with special kinds of problems. Every c

In 1952, to provide equilibrium between assets and liabilities of insurance companies, Frank Redington, an English actuary, proposed interest rate immunization te

Market price is used for determining the duration of a mortgage-backed security in the coupon curve duration. This approach to calculate the duration of mortgage-bac

Concept and measurement of the cost of capital The evaluation of the worth of a long-term project suggests a certain norm or standard against which benefits are to be judged. R

Types of equaty Securities Equity securities, traditionally, are classified into two types when they are issued. They are: Common Stock, and Preferred Stock.     Common Stoc