1) You visited Switzerland over summer and brought back 3,722.25swiss francs to the United States. How many U.S. dollars will youget if you exchange your swiss francs for U.S. dollars? Theexchange rate is 1 U.S dollar = 1.0147 swiss francs.
Enter your answer rounded off to two decimal points. Do notenter $ or comma in the answer box. For example, if your answer is$12.345 then enter as 12.35 in the answer box.
2) Suppose the exchange rate between U.S. dollars and Swissfrancs is SF 1.224 = $1.00, and the exchange rate between the U.S.dollar and the euro is $1.00 = 1.1651 euros. What is the cross-rateof Swiss francs to euros (SF/Euro)?
Enter your answer rounded off to FOUR decimal points.
3) ABC Company sells 2,412 chairs a year at an average price perchair of $182. The carrying cost per unit is $22.78. The companyorders 344 chairs at a time and has a fixed order cost of $113.3per order. The chairs are sold out before they are restocked. Whatare the total shortage costs?
Enter your answer rounded off to two decimal points. Do notenter comma or $ in the answer box. For example, if your answer is12.345 then enter as 12.35 in the answer box.
