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| Teaching Since: | May 2017 |
| Last Sign in: | 340 Weeks Ago |
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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Review the following case study:
Prime Emerald Inc. is an upscale rug manufacturer in Flint, Michigan. China is the primary export option for rugs because of the reasonable price on materials and exporting. Riker Everything Antique is a popular retailer in China and has agreed to purchase 150,000 rugs for the next four years at a fixed price that is denominated in China's currency Yen. The fixed price is $Y123 per rug. The economy in China for yen currency has been staggered for the past two years and Yen has been an excess currency in the market and continues to depreciate daily. Since Prime has cash flows due to exporting to China under Yen, the value of depreciation can change the likelihood of profit for the manufacturer.
In 1 to 2 pages:
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