Homework Answers
| Date | Sales | Exchange Rate | Sales (Canada) |
| Nov-25 | € 225,000 | 1.54 | 346500 |
| Nov-25 | 81000 | 1.01 | 81810 |
| Dec-01 | € 145,000 | 1.6 | 232000 |
| 660310 |
| Date | Sales | Exchange Rate (Dec31) | Accounts Receivable |
| Nov-25 | 81000 | 1.02 | 82620 |
| Dec-01 | € 145,000 | 1.46 | 211700 |
| 294320 |
| Exhange Gain | |||
| Transaction Date | Sales (Canada) | Accounts Receivable | Exchange Gain |
| Nov-25 | 81810 | 82620 | 810 |
| Dec-01 | 232000 | 211700 | -20300 |
| -19490 | |||
| Transaction Date | Sales (Canada) | Proceeds | Exchange Gain |
| Nov-25 | 346500 | 317250 | -29250 |
| Dec-15 | |||
| Total | -48740 | ||
Exchange Loss = 48740
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