Calculate the projected value of accounts receivable

Reference no: EM133715848

Question: Your firm is a U.S.-based supplier of agricultural parts. A European customer just made a €50,000 purchase on trade credit terms of net 30 days. At the time of the sale, the exchange rate was EUR/USD 1.19. The projected exchange rate in 30 days is EUR/USD 1.21. Calculate the projected value of accounts receivable at collection.

Reference no: EM133715848

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