Exporting wine goblets to Japan

Your company manufactures wine goblets in the U.S. In mid-June you receive an order for 20,000 goblets from Japan. Payment of ¥800,000 is due in mid-December. You expect the yen to rise from its present rate of $1=¥125 to $1=¥100 by December. You can borrow yen at 5% per year. What should you do?

Hint: There is no one right answer. Think about the possible scenarios, work the numbers, and select a course of management action that makes sense for your company. You should identify the pros and cons of each choice. There are 3 options.

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