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a. b. c. d. $ 37,043.97. $ 38,076.93. $1,029,600.00. $1,058,310.00. LO1 2. Cassowary Corporations balance sheet at December 31, 20X3 included a $20,400 key due from Quail Corporation of Australia. The account receivable was denominated as 30,000 Australian vaulting horses (A$). What entry did Cassowary make on January 16, 20X3 when the account receivable was collected and the veer rate for A$ was $.67? a. currency Accounts Receivable 20,100 20,100 ccc 20,400 20,400 20,700 Accounts Receivable Exchange Gain 20,400 300 20,400 20,100 b. bills Exchange Loss Accounts Receivable c. Cash d. Cash Accounts Receivable 2009 Pearson Education, Inc. publishing as Prentice Hall 12-1 LO2 3. The exchange rate between the Australian dollar bill and the US dollar were as follows: Jun Jul Aug Sep 1 1 1 1 1$AUS 1$AUS 1$AUS 1$AUS = = = = $.71US $.73US $.79US $.83US This chart shows a a. strengthening Australian Dollar which makes it less overpriced for Americans to demoralise Australian goods. b. weakening Australian dollar which makes it less expensive for Americans to buy Australian goods. c. strengthening Australian dollar which makes it more(prenominal) expensive for Americans to buy Australian goods. d. weakening Australian dollar which makes it more expensive for Americans to buy Australian goods. LO2 4.

Which of the following factors entrust affect the spread between spot and forward rates? a. b. c. d. The The The All current cross rate between dickens currencies. length of time for the forward contract. currency denominated as the interior(prenominal) currency. of the above will affect the spread. LO2 5. A US importer that purchased swop from a South Korean firm would be undetermined to a net exchange gain on the unsalaried balance if the a. dollar weakened relative to the Korean win and the win was the denominated currency. b. dollar weakened relative to the Korean win and the dollar was the denominated currency. c. dollar strengthened relative to the Korean won and the won was the denominated currency. d.... If you want to get a full essay, grade it on our website: Ordercustompaper.com

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