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Question 17 points SAVE ANSV Sunshine Ltd, an Australian company, entered a contract with a Malaysian company, Kari Ltd, to take calls from customers. A
Question 17 points SAVE ANSV Sunshine Ltd, an Australian company, entered a contract with a Malaysian company, Kari Ltd, to take calls from customers. A service contract was entered into on 1 April 2021 to provide services at a fee expressed in Ringgit Malaysia (RM) of RM280,000 which is payable in three (3) months. Sunshine Ltd's financial year ends on 30 June and the service fees were settled in full on 31 July 2021. The exchange rates are: 1 April 2021 A$1.00 = RM3.178 30 June 2021 A$1.00 = RM3.018 31 July 2021 A$1.00 = RM3.251 What is the amount of settlement Sunshine Ltd made to Kari Ltd on 31 July 2021 (rounded to nearest dollar)? a. A$92,777 b. A$280,000 C. A$88,106 O d. A$86,127
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