A company from China has cash of CNY 15,000; Outstanding expense CNY 7,000. Total amount of CNY 5,000 is shown as accounts payable. The current spot rate is CNY 1681/OMR; CNY 6.47/USD (Direct). On the basis of this information, answer the following questions. a) Determine the net exposed assets in terms of CNY: CNY 10,000 b) Determine the net exposed assets in terms of OMR: c) Determine net exposed assets in terms of USD:

A company from China has cash of CNY 15,000; Outstanding expense CNY 7,000. Total amount of CNY 5,000 is shown as accounts payable. The current spot rate is CNY 1681/OMR; CNY 6.47/USD (Direct). On the basis of this information, answer the following questions. a) Determine the net exposed assets in terms of CNY: CNY 10,000 b) Determine the net exposed assets in terms of OMR: c) Determine net exposed assets in terms of USD:

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter9: Long-term Assets: Fixed And Intangible

Section: Chapter Questions

Problem 24E

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