Business, 11.12.2019 04:31 katelynn73

Northrim inc. (nri), imports extreme condition outdoor wear and equipment from the allofit territories company (atc) located in canada. with the steady decline of the u. s dollar against the canadian dollar nri is finding a continued relationship with atc to be an increasingly difficult proposition. in response to nri's request, atc has proposed the following risk-sharing arrangement. first, set the current spot rate of c$1.20/8 as the base rate. as long as spot rates stay within 5% (up or down) nri will pay at the base rate. any rate outside of the 5% range, atc will share equally unth ri the difference betueen the spot rate and the base rate. if nri had a payable of c$100,000 due today and the current spot rate were c$1.17/s, how much would nri owe in u. s. dollars?

a. $85,837
b. $83,333v
c. $85,470
d. $117,000

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Northrim inc. (nri), imports extreme condition outdoor wear and equipment from the allofit territori...