Answered You can hire a professional tutor to get the answer.

QUESTION

manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 12/15/X1. The invoice is due 1/15/X2. The U. Firm fiscal year is...

A U.S. manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 12/15/X1. The invoice is due 1/15/X2. The U.S. Firm fiscal year is 12/31/X1. Given the following exchange rates, what gain or loss would the U.S. firm record on 12/31?1FC=$0.60 US Dollars1FC=$0.65 US Dollars1FC=$0.63 US DollarsA. loss of $4,000B. loss of $1,600C. gain of $2,400D. gain of $4,000

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question