Question
WSM Wine Importers, Inc. purchased 75,000 cases of French wine at a cost of 6,000,000 Euros. If the current exchange rate is 0.7576 Euros to
WSM Wine Importers, Inc. purchased 75,000 cases of French wine at a cost of 6,000,000 Euros. If the current exchange rate is 0.7576 Euros to the U.S. dollar, what is the purchase price of the wine in U.S. dollars?
| a. | $9,328,651 | |
| b. | $ 7,919,747 | |
| c. | $8,350,012 | |
| d. | $9,684,148 |
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Analysis For Financial Management
Authors: Robert Higgins
6th Edition
0071181172, 9780071181174
