If 1 Canadian$ is 0.796 Euros on the date of signing of the contract while on the day of the payment by the Canadian importer the rate closed at 0.8136 Euros to each 1$ Canadian.

Canadian company imported 15,800 boxes of Belgium chocolates at 5.5Euros per box. If the payment was received in CDN$ by the Belgium exporter, then how much was the sales revenue of the Belgium exporter in Euros to be booked on its books?

Answer rating: 100% (QA)

Step 12 Explanation To calculate the sales revenue of the Belgian exporter i... View the full answer