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 16.81/OMR: CNY 6.47/USD (Direct). On...


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<br>is CNY 16.81/OMR: CNY 6.47/USD (Direct). On the basis of this information, answer the following questions.<br>a) Determine the net exposed assets in terms of CNY: CNY 10,000<br>b) Determine the net exposed assets in terms of OMR:<br>수<br>c) Determine net exposed assets in terms of USD:<br>

Extracted text: 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 16.81/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: 수 c) Determine net exposed assets in terms of USD:

Jun 10, 2022
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