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Stamford Brewery, a beverage company based in Connecticut has a contract to supply beer to a concert venue in Montreal, Canada (Canada's currency is the
Stamford Brewery, a beverage company based in Connecticut has a contract to supply beer to a concert venue in Montreal, Canada (Canada's currency is the Canadian dollar, "C"). The contract calls for Stamford Brewery to be paid C$100,000 six months from now. The current spot rate is $1.25/C$ and the six-month forward rate is $1.20/C$. what revenue figure would Stamford brewery use today to reflect this accounts receivable?
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