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On May 1,2014,Deerfield Corporation purchased merchandise from a German firm for 78,000 euros when the spot rate for the euro was 1.48 euro per dollar.The account payable was denominated in the euro.Deerfield settled the account on August 1 when the spot rate for the euro was 1.39 euro per dollar.How much cash will Deerfield have to disburse to settle the account?
Collagen Fibers
Strong, flexible protein fibers that form the supportive framework of connective tissues in the body, including skin, bone, and cartilage.
Semifluid Matrix
A viscous, semi-liquid substance found within various biological systems, such as the cytoplasm of a cell, providing a medium for cellular processes.
Dermis
The layer of dense connective tissue beneath the epidermis in the skin of vertebrates.
Digestive Tract
A continuous, hollow passage starting from the mouth to the anus through which food is ingested, digested, absorbed, and waste material expelled.
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