On 1 January 2014 Antique Furniture Importers acquires furniture from a supplier in Europe.The furniture is shipped f.o.b.from Brussels on 1 January 2014.The cost of the furniture is €600 000.The amount has not been paid at 31 January 2014.Exchange rates are as follows: What is the amount payable at 1 January and 31 January 2014 in Australian dollars (rounded to the nearest whole A$) ?
Did the Australian dollar strengthen or weaken?
A)
The Australian dollar weakened.
B)
The Australian dollar strengthened.
C)
The Australian dollar weakened.
D)
The Australian dollar strengthened.
Correct Answer:
Verified
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