Rainier Importers purchases automotive parts from Austria. Prepare journal entries for the following transactions of Rainier.Oct 1Purchased inventory from Klossner Co. for 12,000 euros, terms n/30. The exchange rate was $1.15 per euro.Oct 30Paid Klossner Co. for the October 1 purchase. The exchange rate was $1.13 per euro.
What will be an ideal response?
| Oct 1 | Merchandise Inventory (12,000 euros * $1.15/euro) | 13,800 | ? |
| ? | Accounts Payable | ? | 13,800 |
| Oct 30 | Accounts Payable | 13,800 | ? |
| ? | Cash (12,000 euros * $1.13/euro) | ? | 13,560 |
| ? | Foreign Exchange Gain | ? | 240 |
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What is the NPV of the project?
The following details are provided by Ferrous Foundry Company:
A) $(636,228)
B) $590,000
C) $618,409
D) $(594,486)