You are the finance manager of a U.S Multinational that has sold US $6 million of high tech product to Chinese importer.
You are the of a U.S Multinational that has sold US $6 million of high tech product to Chinese importer. Because of stiff competition for the contract with the European and other US –based contract, you agreed that the negotiator could sign a renminibi-based contract although this is not standard practice for your firm.
The sales contract calls for the Chinese importer to make three at 6, 12, and 18 months from the date of delivery, which is in 60 days. Your plan is to translate the renminbin to dollars on their receipt; your company has no operations in China and no need for Chinese currency. You realize, though, that this arrangement incurs transaction exposure. How could you cover this risk?
Answer preview to You are the finance manager of a U.S Multinational that has sold US $6 million of high tech product to Chinese importer.
APA
321 words
Get instant access to the full solution from by clicking the purchase button below
We offer the bestcustom writing paper services. We have done this question before, we can also do it for you.
Why Choose Us
- 100% non-plagiarized Papers
- 24/7 /365 Service Available
- Affordable Prices
- Any Paper, Urgency, and Subject
- Will complete your papers in 6 hours
- On-time Delivery
- Money-back and Privacy guarantees
- Unlimited Amendments upon request
- Satisfaction guarantee
How it Works
- Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
- Fill in your paper’s requirements in the "PAPER DETAILS" section.
- Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
- Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
- From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
