MAKATI Exports Corp sold metal crafts to a US firm for $70,000 and pertinent information on exchange conversion rates related to this trasnaction were as follows: Conversion Rate (Peso to US) Nov 04 Receipt of order P27.40 Nov 22 Date of shipment 27.50 Dec 31 Balance sheet date 27.60 Jan 06 Date of collection 27.00 The sale would be appropriately recorded at A. 1,890,000 B. 1,925,000 C. 1,918,000 D. 1,925,000

MAKATI Exports Corp sold metal crafts to a US firm for $70,000 and pertinent information on exchange conversion rates related to this trasnaction were as follows: Conversion Rate (Peso to US) Nov 04 Receipt of order P27.40 Nov 22 Date of shipment 27.50 Dec 31 Balance sheet date 27.60 Jan 06 Date of collection 27.00 The sale would be appropriately recorded at A. 1,890,000 B. 1,925,000 C. 1,918,000 D. 1,925,000

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter11: Managing Transaction Exposure

Section: Chapter Questions

Problem 9QA

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