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on June 1, Calico Import-Export company purchases merchandise from Mexican firms costing 20,000 pesos, Payment will be made in pesos on September 1. The exchange

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on June 1, Calico Import-Export company purchases merchandise from Mexican firms costing 20,000 pesos, Payment will be made in pesos on September 1. The exchange rates of pesos for S1 were as follows: June 1 $1 = 18.5 pesos September 1 $i = 18.2 pesos Calculate the amount payable in dollars on June 1. (Note: Round the answer to the nearest dollar) Oa $1.001 Ob. 51.09 Oc. 566.667 Od. $170,000

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