Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sakura energy, a malaysian brent oil trading compa

Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of...

80.2K

Verified Solution

Question

Accounting

Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of brent oil with the current price of USD50 per barrel to an importer in Taiwan. Determine how much proceeds (in RM) will be received by Sakura Energy.

image

Question 4 The following are the prices quoted by a forex counter of CIMC Bank in Malaysia: 1 United States Dollar (USD) 1 Great British Pound (GBP) 1 Singapore Dollar (SGD) 100 Taiwanese Dollar (TWD) 100 Hongkong Dollar (HKD) We buy 4.1060 5.1040 2.9400 12.50 51.80 We sell 4.2410 5.3240 3.0870 13.98 54.80

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students