Solved

Heavy Company Sold Metal Scrap to a Brazilian Company for 200,000

Question 8

Multiple Choice

Heavy Company sold metal scrap to a Brazilian company for 200,000 Brazilian reais on December 1, 20X8, with payment due on January 20, 20X9. The exchange rates were: Heavy Company sold metal scrap to a Brazilian company for 200,000 Brazilian reais on December 1, 20X8, with payment due on January 20, 20X9. The exchange rates were:   Based on the preceding information, what is the Heavy's overall net gain or net loss from its foreign currency exposure related to this transaction? A)  $4,860 loss B)  $2,600 loss C)  $9,018 gain D)  $2,260 gain Based on the preceding information, what is the Heavy's overall net gain or net loss from its foreign currency exposure related to this transaction?


A) $4,860 loss
B) $2,600 loss
C) $9,018 gain
D) $2,260 gain

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents