_____ On 11/4/06, Patt, Inc., received an inventory order from a Swedish firm. The terms specified FOB shipping point and payment of 1,000,000 Swedish kronas 45 days after delivery. On 12/15/06, Patt shipped the inventory and billed the customer. Patt received the customer's remittance in full on 1/20/07. The direct spot exchange rates for the krona on the respective dates follow:

Question

_____ On 11/4/06, Patt, Inc., received an inventory order from a Swedish firm. The terms specified FOB shipping point and payment of 1,000,000 Swedish kronas 45 days after delivery. On 12/15/06, Patt shipped the inventory and billed the customer. Patt received the customer's remittance in full on 1/20/07. The direct spot exchange rates for the krona on the respective dates follow:
_____ On 11/4/06, Patt, Inc., received an inventory order from a Swedish firm. The terms specified FOB shipping point and payment of 1,000,000 Swedish kronas 45 days after delivery. On 12/15/06, Patt shipped the inventory and billed the customer. Patt received the customer's remittance in full on 1/20/07. The direct spot exchange rates for the krona on the respective dates follow:

Quizplus · Accepted Answer

The Answer of _____ On 11/4/06, Patt, Inc., received an inventory order from a Swedish firm. The terms specified FOB shipping point and payment of 1,000,000 Swedish kronas 45 days after delivery. On 12/15/06, Patt shipped the inventory and billed the customer. Patt received the customer's remittance in full on 1/20/07. The direct spot exchange rates for the krona on the respective dates follow:

_____ on 11/4/06, Patt, Inc