Jill is an American making dresses in Alabama whose business is based on U.S. dollars. Jill has agreed to accept 1,000 Euros for the dresses she sold to a customer in Europe, with payment due in one month. True or false, Jill's profit on this transaction would be less than she anticipated at the time of the agreement, if changes in the conversion rate for Euros into U.S. dollars after the date of the agreement meant that Euros were worth less in U.S. dollars on the day that the customer actually paid her the 1,000 Euros. True or False?

Jill is an American making dresses in Alabama whose business is based on U.S. dollars. Jill has agreed to accept 1,000 Euros for the dresses she sold to a customer in Europe, with payment due in one month. True or false, Jill's profit on this transaction would be less than she anticipated at the time of the agreement, if changes in the conversion rate for Euros into U.S. dollars after the date of the agreement meant that Euros were worth less in U.S. dollars on the day that the customer actually paid her the 1,000 Euros. True or False?

Similar questions

WS Produce, a small family business engages in importing fruit and vegetables, entered into an agreement with PP Produce Inc., a large wholesale fruit and vegetable business, to supply PP Produce Inc. with a container shipment of 1,000 boxes of pomelos imported from Vietnam. The pomelos were delivered to PP Produce Inc. together with a purchase order (PO) invoice the pomelos at $50.00/box. A load sheet, signed by the person at PP Produce Inc. who took delivery, referred to the consignment as having been received. The company has no history of stocking volume of pomelos because it is not saleable. Then they requested the WS Produce to take back 200 boxes of which WS Produce did. WS Produce issued a credit memo of $10,000.00 for the 200 boxes. Since it is not saleable, PP Produce Inc. was unable to sell the remaining pomelos and eventually many of them rotted. WS Produce claimed the balance of the price. PP Produce Inc. contested that the pomelos had been supplied on consignment and…
Consider the following contractual relation between B and S. B's value of the widget, denoted by v, is uncertain at the time of contracting. Assume that v will be either $90 or $150 or $170 with an equal probability. S's cost to produce the widget is $100 (c = $100). S's reliance expenditure is $10 (e = $10). Contract says that S is to deliver a widget to B at p = $130. Assume that B promises to pay S the contract price $130 (not paid in advance). Assume that if the contract is not completed, reliance expenditure has no value. Note: I will clarify the timing of the model again. Initially, B and S sign the contract. S chooses reliance e. Then, B observes the actual value of v, and decides whether to breach or not. If B breaches the contract, S does not incur the production cost $100 at all. The presumption is that for S, there are two types of costs, (1) the cost he incurs before B's breach decision that is captured in e, and (2) the extra cost he should incur to complete the…
Jan orders 100 rulers from Depot Office Supplies for which she pays the sales price of $100 in advance. Jan accepts a shipment of ten rulers, then decides that she does not want more. She issues a stop payment order, but the bank permits Depot Office Supplies to cash the check. Jan is entitled to recover from the bank A. $100. B. $90. C. $10. D. none of the above.
Pisey needs $ 8,000 for her pig farm. After Sisey Pisey told her about the $ 8,000 she needed, the bank said she had collateral, such as a house, because borrowing, in principle, requires the bank to have collateral? Sister Pisey says I mortgaged the title deed to get a $ 8,000 loan from the bank. The bank assessed the land and told Pisey to borrow $ 25,000 (by submitting the land title), otherwise the bank would not lend her $ 25,000, not $ 8. $ 000) Do you agree? Sister Pisey said that I only need $ 8,000, $ 25,000 is more than I need! The bank said it was likely to force her to borrow $ 25,000 ... Finally, Pisey gave up the loan, fearing that the bank would not be able to confiscate land worth more than 25,000. Dollars. How do students understand the situation? Delay. As a Business Manager
John goes to a bar. Harry starts to talk to him about a car he has for sale. John tells him he wishes he could buy the car but does not have that much cash. Harry tells John he can make payments over the next year. Harry writes on a napkin John shall pay me $100.00 per month for 12 months starting December 1, 2018. They both sign and date the napkin. Discuss whether this is a negotiable instrument. Defend your position. Ensure you discuss each element of negotiability.
Xavier purchased a condominium unit at Atmos Towers in January 2018 for P 3,000,000. In the agreement, Xavier will pay a 20% downpayment and thereafter pay a monthly installment fee of P 65,000 for 60 months. In June 2020, or after paying 29 monthly installments, Xavier failed to pay his obligations because his fast-food business went bankrupt due to the pandemic. (a) What are the rights of Xavier under the Maceda Law? (b) In the above case, how much is the cash surrender value that must be returned to Xavier in case he fails to pay after the grace period?
Under the Uniform Commercial Code (UCC), which of the following remedies is available to both buyers and sellers? Select one: a. Recovering the total value of goods in the contract b. Recovering profit from the resale of nonconforming goods by the other party c. Damages in the amount of the difference between the contract price and the market price of goods d. Obtaining specific performance of the contract
Fiona, Celine and Donna have recently commenced a business together making custard pies using the name 'FCD's Custard Pies' as their trading name. They also sell coffee and soft drinks. Only Donna has put capital into the business, and no formal agreement exists between them. However, on many occasions Fiona has purchased stock for the business from their various suppliers by using her own money, and she has also set up an account with the suppliers in the name of 'FCD's Custard Pies'. Celine also has often placed orders on behalf of the business with their various suppliers for stock. 00:0 At their next meeting Fiona suggests selling alcoholic beverages. Donna likes the idea, but Celine does not. Celine says that such a change would require renovation of the shop, and also obtaining a licence to sell alcohol. This requires an application to the relevant government authority, which may reject the application. After giving it lots of thought, Donna decides to leave the business in two…
Granite Insurance Company entered into a treaty reinsurance agreement with Rock Solid Reinsurance (RSR). Granite's retention limit is $400,000 and RSR agreed to provide reinsurance for up to $2.0 million. If Granite writes an $800,000 policy, RSR is responsible for 50 percent of the losses. If Granite insures a $1.6 million risk, RSR is responsible for 75 percent of any losses. What type of reinsurance arrangement did Granite enter into with RSR? ما A) reinsurance pool B) surplus share reinsurance C) facultative reinsurance D) excess of loss reinsurance
True /false The variation of transport cost by FOB, CFR /CIF brings more or less costs and changes the nature of the terms. Under FOB, insurance is an obligation for importer. DAT is only for sea or inland waterway transportation mode. Institute War/Strike Clause also have independent and complete structure, but can be covered separately only after agreement from the insurer according to ICC. Under FCA, a seller is responsible for loading and unloading cargo at any agreed delivery point. Under FOB, insurance is an obligation for importer.
In relation to Consideration select the CORRECT statement:Select one:To be valid, the agreed price and the goods sold, must be of equal value.Consideration can be vague or illusory as long as it was communicated to the other partyConsideration is the exchange of something of value (a thing, a promise, money etc), given in return for something else of value (a thing, a promise, money etc)Consideration is not necessary to form a legally binding contractTo be valid, Consideration must involve payment of money, in return for something of value.
A rented a car owned by B for 50$ going to Seoul. Under the condition the A will cover the expenses for gasoline and will return the car after 18 hours. When A was already in Seoul, A parked the car in the park. The car was lost. The car is 700$ worth. What are A's obligations now under the concept of simple loan or mutuum? Will A just pay 50$ or 700$ to B?Explain. What should be the responsibility of A in relation to the lost rented-vehicle?