Electronic funds transfer according to the terms of payment

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A woman of a large Japanese company has purchased 16,000 widgets from you. The USD value of the widgets is $16,000. Terms of payment are NET 90. The exchange rate at the time of billing/invoicing USD1=80 yen. Her bank pays you via electronic funds transfer according to the terms of payment. However, at the time of payment, the exchange rate is USD1=100 yen(JPY). If the accounts receivable had been billed in JPY, and if the JPY weakens to USD1=100 JPY, how many dollars will be deposited into youth BOA account when the invoice is paid?

Reference no: EM131021475

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