subject
Business, 30.05.2020 03:02 heyhowdy

Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He had budgeted-saved-$13,000 for expenses while in Rio. But he had postponed exchanging the dollars for Brazilian currency-real (BRL or R$)-until the very last minute on August 8th, doing it in the airport in the United States at BRL 2.8350 = 1.00 USD.
Given the following average monthly exchange rates in 2016, when should he have exchanged the dollars for real to maximize his Brazilian spending money?

Assumptions Value
US dollar funds for expenses in Rio de Janeiro $15,000.00
Average exchange rate for the month (BRL = 1.00 USD):
January BRL 4.0553
February BRL 3.9651
March BRL 3.6984
April BRL 3.5639
May BRL 3.5416
June BRL 3.4236
July BRL 3.2785
August 8 in Airport BRL 3.1805

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit
Answers: 3
question
Business, 22.06.2019 06:40
Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.
Answers: 3
question
Business, 22.06.2019 11:20
You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?
Answers: 1
question
Business, 22.06.2019 11:50
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
Answers: 1
You know the right answer?
Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He h...
Questions
Questions on the website: 13722360