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Company D, a domestic entity, purchases 100,000 (Euros) in inventory from a French manufacturer on July 15th payable in full in Euros on August 15th.

Company D, a domestic entity, purchases 100,000 (Euros) in inventory from a French manufacturer on July 15th payable in full in Euros on August 15th. Company D prepares their financials monthly, and relevant spot rates are 7/15 1 = $0.90, 7/31 1 = $0.83, and 8/15 1 = $0.85. Based on this information, what will be the U.S. $ value of the accounts payable on 7/31?

a. $100,000

b. $90,000

c.85,000

d. 83,000

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