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Buon On February 1, 2020, Janissary corp of Vancouver ordered 106 boxes of sation from Al Ahmed Trading Corp of Dual at a price of

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Buon On February 1, 2020, Janissary corp of Vancouver ordered 106 boxes of sation from Al Ahmed Trading Corp of Dual at a price of AED 240 per box. The stron was shipped immediately by our Payment is to be made by April 30, 2020. Janissary Corp decided to enter into a forward contract win CitiBank to buy the required AED on April 30, 2020. Jarissary Carp has a March 31 fiscal year ond The following are the exchange rates for the period. The forward rates all pertain to forwwd Contracts with an April 30 apr Fob 1 March 31 April 30 Spot rate 0.354 0.32 0371 Forward 0.365 0.365 0.371 What is the amount that is Corp wil records de cost of the wentary purchased Round your wwwer to the color

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