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Your firm is a U.S.-based supplier of agricultural parts. A European customer just made a 50,000 purchase on trade credit terms of net 30 days.
Your firm is a U.S.-based supplier of agricultural parts. A European customer just made a 50,000 purchase on trade credit terms of net 30 days. At the time of the sale, the exchange rate was EUR/USD 1.19. The projected exchange rate in 30 days is EUR/USD 1.21. Calculate the value of accounts receivable on the date of the sale. a. $41,322.31 b. $42,016.81 C. $59,500.00 d. $60,500.00
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