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Golden Doors enters into a forward exchange rate contract to purchase US$300 000 on 1 September at a rate of A$1 = US$0.69. On 2
Golden Doors enters into a forward exchange rate contract to purchase US$300 000 on 1 September at a rate of A$1 = US$0.69. On 2 September Golden Doors takes delivery of inventory from its US supplier at a price of US$300 000. On 2 September A$1 = US$ 0.65. Calculate the amount Golden Doors would have paid on 2 September in A$ if it had not entered into the forward exchange rate contract, and any gain or loss it has made (rounded to the nearest dollar). a. cost in A $434 782; loss of $134 782 O b. cost in A$434 782; loss of $26 756 O c. cost in A$461 538; gain of $161 538 O d. cost in A $461 538; gain of $26 756
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