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On May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.345 krone
On May 1, 20X6, Emu Corporation purchased merchandise from a Danish firm for 198,000 Danish krone when the spot rate for krone was 5.345 krone per dollar. The account payable was denominated in krone. Emu settled the account on September 1 when the spot rate for krone was 5.200 krone per dollar. How much cash will Emu have to disburse to settle the account? a. 51.029,600.00 5 38.076.92 ac S T 03.07
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