# 2024 – Question 1 The exchange rate is 1 0978 Swiss francs per U S dollar How many

Calculations Shown – 2024

**Question 1 **

The exchange rate is 1.0978 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc?

**Question 2 **

ABC Company sells 3,350 chairs a year at an average price per chair of $148. The carrying cost per unit is $35.71. The company orders 302 chairs at a time and has a fixed order cost of $129 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model?

**Question 3 **

In New York, you can exchange $1 for €0.8458 or £0.6456. Suppose that, in Berlin, £1 costs €1.1502. How much profit can you earn on $45,681 using triangle arbitrage?

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**Question 4 **

The exchange rate is 1.1491 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 9,899 Swiss francs?

**Question 5 **

ABC Company sells 2,052 chairs a year at an average price per chair of $128. The carrying cost per unit is $27.87. The company orders 242 chairs at a time and has a fixed order cost of $42.3 per order. The chairs are sold out before they are restocked. What are the total carrying costs?

**Question 6 **

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3051 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1106 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)?

**Question 7 **

Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $9,391. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.131?

**Question 8 **

You can exchange $1 for either C$1.2563 or ¥115.44. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.

**Question 9 **

ABC Company sells 4,321 chairs a year at an average price per chair of $167. The carrying cost per unit is $37.99. The company orders 500 chairs at a time and has a fixed order cost of $42 per order. The chairs are sold out before they are restocked. What is the economic order quantity?

**Question 10 **

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0617 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9631 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)?

**Question 11 **

ABC Company sells 4,676 chairs a year at an average price per chair of $136. The carrying cost per unit is $25.71. The company orders 461 chairs at a time and has a fixed order cost of $83.4 per order. The chairs are sold out before they are restocked. What are the total shortage costs?

**Question 12 **

Suppose one U.S. dollar can purchase 160 yen today. If the yen depreciates by 11% tomorrow, how many yen could one U.S. dollar buy tomorrow?

**Question 13 **

You just returned from a trip to Venezuela and have 988 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1844?

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