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What is the usd equivalent cost for the company

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Reference no: EM132955267

Problem 1: If a company agreed to settle a purchase order for GBP 250,000 and the exchange rate today is GBP/USD 1.5250, what is the USD equivalent cost for the company?

Group of answer choices

Option 1: USD 250,000

Option 2: USD 381,250

Option 3: USD 382,200

Option 4: USD 375,000

Reference no: EM132955267

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