Un May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.345 krone per dollar. The account payable was denominated in krone. Emu settled the account on September 1 when the spot rate for krone was 5.200 krone per dollar. How much cash will Emu have to disburse to settle the account? O a. $1,058,310.00 Ob. $1,029,600.00 Oc. $ 37,043.97 $ 38.076.92

Un May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.345 krone per dollar. The account payable was denominated in krone. Emu settled the account on September 1 when the spot rate for krone was 5.200 krone per dollar. How much cash will Emu have to disburse to settle the account? O a. $1,058,310.00 Ob. $1,029,600.00 Oc. $ 37,043.97 $ 38.076.92

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter9: Taxation Of International Transactions

Section: Chapter Questions

Problem 27P

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