Question

Brandt Belting sells goods on account for 850,000 Mexican pesos. The foreign- exchange rate for a peso is $ 0.094 on the date of sale. Brandt Belting then collects cash on April 24 when the exchange rate for a peso is $ 0.099.
Record Brandt’s cash collection. Ignore cost of goods sold. Brandt Belting buys inventory on account for 21,000 Swiss francs. A Swiss franc costs $ 1.12 on the purchase date. Record Brandt Belting’s payment of cash on October 25, when the exchange rate for a Swiss franc is $ 1.14.
In these two scenarios, which currencies strengthened? Which currencies weakened?



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  • CreatedJuly 25, 2014
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