3. siam cement, the bangkok-based cement manufacturer, suffered enormous losses with the coming of the asian crisis in 1997. the company had been pursuing a very aggressive growth strategy in the mid-1990s, taking on massive quantities of foreign currency denominated debt (primarily u. s. dollars). when the thai baht (b) was devalued from its pegged rate of b25.0/$ in july 1997, siam’s interest payments alone were over $900 million on its outstanding dollar debt (with an average interest rate of 8.40% on its u. s. dollar debt at that time). assuming siam cement took out $50 million in debt in june 1997 at 8.40% interest, and had to repay it in one year when the spot exchange rate had stabilized at b42.0/$, what was the foreign exchange loss incurred on the transaction?

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk