QUESTION 1

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0239 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9751 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)?

Enter your answer rounded off to FOUR decimal points.

QUESTION 2

ABC Company sells 3,531 chairs a year at an average price per chair of $157. The carrying cost per unit is $30.42. The company orders 591 chairs at a time and has a fixed order cost of $120.6 per order. The chairs are sold out before they are restocked. What are the total carrying costs?

Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.