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Question
Assume a U.S. company sells merchandise to a French customer for $200,000 when the exchange rate is $1.5 per euro. At the end of the month, the euro is trading at 1.47, and in the middle of the next month when payment is received, the exchange rate is 1.53. If the U.S. company receives payment in dollars, what is the value of the sale at the end of the month for the U.S. company?
A) $200,000
B) $294,000
C) $300,000
D) $306,000
Answer
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