fast

R On April 1, A.C. Corporation a calendar-year U.S. electronics manufacturer, buys 600000 Yen worth of computer chips from the Hidachi company paying 10 percent down, the balance to be paid in 3 months. Interest at 8 percent per annum is payable on the unpaid foreign currency balance. The U.S. dollars /Japanese Yen exchange rate on April 1 was $1.00= 103, on July 1 it was $1.00=100 What would be the translation gain or loss for this transaction? Next page ge