On May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.200 krone per dollar. The account payable was denominated in krone. Emu settled the account on September 1 when the spot rate for krone was 5.345 krone per dollar. How much cash will Emu have to disburse to settle the account? Oa. $1,029,600.00 Ob. $ 37,043.97 $ 38,076.93 O d. $1,058,310.00

On May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.200 krone per dollar. The account payable was denominated in krone. Emu settled the account on September 1 when the spot rate for krone was 5.345 krone per dollar. How much cash will Emu have to disburse to settle the account? Oa. $1,029,600.00 Ob. $ 37,043.97 $ 38,076.93 O d. $1,058,310.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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