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Blossom Corp. recently purchased auto parts worth 15.50 million Mexican pesos (MP) on credit. Management needs to find out the U.S. dollar cost of the
Blossom Corp. recently purchased auto parts worth 15.50 million Mexican pesos (MP) on credit. Management needs to find out the U.S. dollar cost of the purchase. It has access to two quotes for Canadian dollars (C$): C$1.3100/$ and C$0.0820/MP. What did it cost Blossom to purchase the auto parts? (Round intermediate calculation to 6 decimal places, e.g. 5.275000 and final answer to the nearest whole dollar, e.g. 5,275.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Cost of payables $
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