_____ On 10/19/06, Dell, Inc., ordered inventory from a French firm. The terms specified FOB shipping point and payment of 1,000,000 euros. On 12/20/06, the foreign vendor shipped the inventory and invoiced Dell. Dell paid the invoice on 1/7/07. The direct spot exchange rates for the euro on the respective dates follow:

Question

_____ On 10/19/06, Dell, Inc., ordered inventory from a French firm. The terms specified FOB shipping point and payment of 1,000,000 euros. On 12/20/06, the foreign vendor shipped the inventory and invoiced Dell. Dell paid the invoice on 1/7/07. The direct spot exchange rates for the euro on the respective dates follow:
_____ On 10/19/06, Dell, Inc., ordered inventory from a French firm. The terms specified FOB shipping point and payment of 1,000,000 euros. On 12/20/06, the foreign vendor shipped the inventory and invoiced Dell. Dell paid the invoice on 1/7/07. The direct spot exchange rates for the euro on the respective dates follow:

Quizplus · Accepted Answer

The Answer of _____ On 10/19/06, Dell, Inc., ordered inventory from a French firm. The terms specified FOB shipping point and payment of 1,000,000 euros. On 12/20/06, the foreign vendor shipped the inventory and invoiced Dell. Dell paid the invoice on 1/7/07. The direct spot exchange rates for the euro on the respective dates follow:

_____ on 10/19/06, Dell, Inc