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On 15 November 2017, NZ Antique Furniture Importers acquires furniture from a supplier in Europe. The furniture is shipped f.o.b. from Brussels on 15 November
On 15 November 2017, NZ Antique Furniture Importers acquires furniture from a supplier in Europe. The furniture is shipped f.o.b. from Brussels on 15 November 2017. The cost of the furniture is 600,000. The amount has not been paid at 31 December 2017. Exchange rates are as follows: 15 November 2017 NZ$1.00 = 0.59 31 December 2017 NZ$2.17 = 1.00 What is the amount payable at 15 November and 31 December 2017 in New Zealand dollars (rounded to the nearest whole NZ$)? Did the New Zealand dollar strengthen or weaken
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